HSBC distributed Lehman Brothers-linked investment product to investors in Hong Kong, some of which were known as ‘minibonds’. Photo: AP

HSBC Private Bank fined record HK$400 million, as appeals tribunal concludes earlier SFC sanction ‘was correct’

Tribunal rejects HSBC’s appeal of 2015 SFC sanction, but lowers fine to HK$400m from HK$605m

Topic |   HSBC

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HSBC distributed Lehman Brothers-linked investment product to investors in Hong Kong, some of which were known as ‘minibonds’. Photo: AP
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