HSBC to claw back bonuses after NHFA fine

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HSBC is set to claw back thousands of pounds of bonuses from executives after its long term care advice subsidiary was fined for mis-selling bonds to elderly customers.

The bank was hit by a record £10.5m fine and ordered to pay £29.3m in compensation last December by the Financial Services Authority (FSA) after poor advice was uncovered at the Nursing Home Fees Agency...

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