HSBC Private Bank appeals hefty HK$605m fine over alleged Lehman-linked misconduct

5 May 2016 | 2 minutes read

Not only is HSBC Private Bank (Suisse) appealing a HK$605 million (US$78 million) fine —potentially the largest ever handed down by Hong Kong’s securities watchdog — for alleged failures in internal controls and sales practices, but it also faces the prospect of losing its license to advise clients on securities, should the Securities and Futures Commission (SFC) have its way. Legal…

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