This week's news... condensed

HSBC fine The week got off to an explosive start with news of a £10.5m fine for HSBC for inappropriate investment advice provided to elderly customers by one of its IFA subsidiaries, NHFA Limited. It was the largest ever retail fine issued by the regulator. Transact fine The FSA didn't stop there, hitting Transact's parent company with a £3.5m fine for client money breaches. Incredibly, the failings went unnoticed for almost a decade. Granny farming Thought there would be nothing interesting to come out of the finance bill? Think again. According to one expert, changes to rules ...