HSBC has been fined for illegal acts in credit inquiry, who has been fined?

HSBC is also an old cadre in the industry, HSBC was actually established in 19, you must know that the place where China deposits and withdraws money at that time is still called Qianzhuang. And HSBC has set up a bank, which is undoubtedly a good start for our country. At that time, the traditional British banking families had already set up their own financial base in Hong Kong, and it was gaining momentum.

Thomas Sutherland is the founder of the Dues Bank. He saw this business opportunity and started HSBC. However, HSBC ate the fine again, this time it was issued by China CCTV, and there was an illegal credit inquiry.

HSBC was fined a total of 530,000 yuan for illegal acts in credit inquiry, and the vice president and general manager were fined.

The then vice president and general manager were fined 50,000 yuan, 20,000 yuan and 10,000 yuan respectively. At the end of 2018, China strengthened the management of credit information security and established an annual assessment system for credit compliance and information security of access institutions。And this assessment result is of great use, banks are punished for credit reporting violations are very common, People's Bank of China Shanghai Headquarters** Administrative punishment information shows that HSBC has violated the law due to credit inquiry, and the vice president and general manager and other responsible persons were fined, a total of 530,000 yuan.

From this year's point of view, HSBC Holdings' share price has been **, until August 7, HSBC's stock price has been falling by 2.09%.

HSBC has committed an illegal act of conducting credit investigation inquiries without the authorization of the customerHe was fined 450,000 yuan by the Shanghai branch of the People's Bank of China. Li Feng, vice president of HSBC, was fined 20,000 yuan by the Shanghai branch for checking HSBC's credit without the authorization of customers.

Goldman Sachs published a research reportThe current share price level and market performance of HSBC Holdings do not fully reflect the positive factors that the company can resume paying dividends per share next year, and Goldman Sachs is optimistic about the company's current cash flow situation.

The president of HSBC said that in the first half of 2020, the group has reduced the number of employees by 4,000.

The main ones are Li Feng, vice president and director of the business department of HSBC, Li Hualun, general manager of the Guangdong retail banking department of HSBC, and Zheng Guowei, general manager of the collection department under the business department of HSBC, who were fined 50,000, 20,000 and 10,000 yuan respectively, mainly because they conducted credit inquiries without the permission of customers.

Li Feng, then Vice President and Director of the Retail Banking and Wealth Management Business Department of HSBC, Li Hualun, General Manager of the Retail Banking and Wealth Management Business Department of HSBC Guangdong, and Zheng Guowei, General Manager of the Collection Department of the Retail Banking and Wealth Management Business Department of HSBC, were fined 50,000 yuan, 20,000 yuan and 10,000 yuan respectively for being responsible for conducting credit inquiries without the authorization of customers.

It has exposed the loopholes in the management of some banks, and there is no need to be afraid of loopholes, as long as it can be solved quickly, the bank will still be fine in the future.

HSBC was fined for illegal acts in credit inquiry, which exposed a large number of illegal operations in HSBC, so there is a problem with credit information, and HSBC customers should pay attention to this!

The internal supervision of the bank is not effective, there may be illegal operations from the manager to the teller, and there are a wide range of loopholes in the internal supervision mechanism, which requires strict self-examination and self-correction within the bank!

According to the administrative punishment information of the Shanghai branch released by the Shanghai headquarters of the People's Bank of China**, HSBC was fined 450,000 yuan by the Shanghai branch of the People's Bank of China for illegal acts of annihilation in credit inquiry. At the same time, the vice president and the person in charge of the general manager or the chief executive were all fined.

At that time, he was the vice president and director of the retail banking and wealth management business department of HSBC, and was fined 50,000 yuan by the Shanghai branch of the People's Bank of China for being responsible for HSBC's credit investigation without the authorization of customers. At that time, he was the general manager of HSBC's Guangdong retail banking and wealth management business department, responsible for HSBC's credit inquiry without customer authorization, and was fined 20,000 yuan by the Shanghai branch of the People's Bank of China; At that time, he was the general manager of the collection department under the retail banking and wealth management business department of HSBC, and was responsible for HSBC's credit inquiry without customer authorization, and was fined 10,000 yuan by the Shanghai branch of the People's Bank of China.

According to the administrative punishment information of the Shanghai branch released by the Shanghai headquarters of the People's Bank of China** on August 6, HSBC was fined a total of 530,000 yuan for illegal acts in credit inquiry, and the vice president and general manager were fined.

According to the administrative punishment information publicity form, HSBC had violated the law of conducting credit investigation inquiries without the authorization of customers, and was fined 450,000 yuan by the Shanghai branch of the People's Bank of China. Li Feng, then deputy governor of HSBC and director of the retail banking and wealth management business department, was responsible for HSBC's credit inquiry without customer authorization, and was fined 50,000 yuan by the Shanghai branch of the People's Bank of China. Li Hualun, then general manager of HSBC's Guangdong retail banking and wealth management business department, was responsible for HSBC's credit inquiry without customer authorization, and was fined 20,000 yuan by the Shanghai branch of the People's Bank of China; Zheng Guowei, then general manager of the collection department under HSBC's retail and wealth management business department, was responsible for HSBC's credit investigation without customer authorization, and was fined 10,000 yuan by the Shanghai branch of the People's Bank of China.

As of press time, HSBC Holdings' share price was a Hong Kong dollar share, a decline. Since 2020, HSBC's share price has fallen by more than 40%, exceeding the decline of the 2008 financial crisis, and the total market value has evaporated by more than HK$500 billion.

According to HSBC's financial report for the first half of 2020, HSBC's after-tax profit** fell to US$3.1 billion by 69%, and the previous profit was 65% to US$4.3 billion; In addition, HSBC has laid off more than 4,000 employees, closed more than 80 branches in the United States, a reduction of about 60 percent, and closed several branches in China, which has the majority of Asia's net profit.

On August 6, the People's Bank of China Shanghai Branch issued an administrative penalty information publicity form showing that HSBC was fined 450,000 yuan for conducting credit inquiry without the authorization of customers, and the three relevant responsible persons were fined a total of 80,000 yuan.

Affected by the new crown epidemic and the Meng Wanzhou case, HSBC's pre-tax profit in the first half of 2020 fell by 65% year-on-year to US$4.3 billion, and after-tax profit fell by 69% to US$3.1 billion. In addition to declining profits, HSBC has also been mired in store closures and layoffs.

On August 6, the People's Bank of China Shanghai Branch issued an administrative penalty information publicity form showing that HSBC and related responsible persons were fined a total of 530,000 yuan for illegal acts of conducting credit inquiries without the authorization of customers.

According to the administrative punishment information of the Shanghai branch released by the Shanghai headquarters of the People's Bank of China**, HSBC was fined 450,000 yuan by the Shanghai branch of the People's Bank of China for illegal acts in credit inquiry. At the same time, the vice president and general manager and other responsible persons were fined.

At that time, he was the vice president and director of the retail banking and wealth management business department of HSBC, and was fined 50,000 yuan by the Shanghai branch of the People's Bank of China for being responsible for HSBC's credit investigation without the authorization of customers. At that time, he was the general manager of HSBC's Guangdong retail banking and wealth management business department, responsible for HSBC's credit inquiry without customer authorization, and was fined 20,000 yuan by the Shanghai branch of the People's Bank of China; At that time, he was the general manager of the collection department under the retail banking and wealth management business department of HSBC, and was responsible for HSBC's credit investigation without the authorization of customers, and was fined 10,000 yuan by the Shanghai branch of the People's Bank of China.

530 thousand. According to the penalty information released by the Shanghai headquarters of the People's Bank of China**, the responsible persons, including the deputy governor and the general manager, were fined, totaling 530,000 yuan.

was fined 530,000 yuan, HSBC is making Chinese money and still making small moves behind the scenes, it can only be said that the fine of 530,000 yuan is not unjust.

In the age of data, it's easy to find out if you want to know about credit status. One is your credit reference flower, which all online lending platforms and banks know about. However, now HSBC has been fined $530,000.

After the problem is resolved, there are violations of credit reporting. HSBC and the relevant responsible persons were fined 530,000 yuan.

One. Credit investigation without the authorization of the customer:

Personal credit refers to an individual's credit. If the credit card is consumed, it means that you are a person with no credit and will be limited in your daily life. At the same time, online loan platforms are not allowed to grant credit to customers without authorization.

Now, HSBC has been fined 530,000 yuan for conducting credit information without the customer's authorization.

Two. A fine of 450,000 yuan:

HSBC is "in trouble". According to the administrative penalty information released by the Shanghai branch of the central bank on August 6, the then vice president of the bank was fined 530,000 yuan for illegal credit reporting. According to the Administrative Penalty Information Publicity Form, HSBC was fined 450,000 yuan by the Shanghai branch of the People's Bank of China for inquiring about credit without the authorization of customers.

Three. Fines for the person in charge:

Li Feng, then deputy governor of HSBC and director of the retail banking and wealth management business department, was fined 50,000 yuan by the Shanghai branch of the People's Bank of China for taking charge of HSBC's credit inquiries without authorization. The manager of the customer credit department of the Shanghai branch of HSBC fined him 20,000 yuan without the authorization of the general manager of HSBC. Cheng Kwok Wai, then the general manager of the collections department of HSBC's retail banking and wealth management business department, was responsible for HSBC's credit inquiries conducted without customer authorization, and was fined 10,000 yuan by the Shanghai branch of the People's Bank of China.

In addition, according to HSBC's financial report for the first half of 2020, HSBC Holdings' benchmark revenue for the first half of this year was US$26.7 billion, down 9% year-on-year. Benchmark profit after tax was US$3.1 billion, down 69% year-on-year. Profit before tax on an accounting basis fell 65% to $4.3 billion.

In addition, Qi Yaonian, CEO of HSBC Holdings, said that in the first half of the year, the number of employees in the group decreased by 4,000, of which 80 branches of the US business were closed, a decrease of 60%. `

HSBC checked the credit without the authorization of the customer, which is an illegal act, and was fined 450,000 yuan by the Shanghai branch of the People's Bank of China.

As early as the end of 2018, China strengthened the security management of credit reporting information and established an annual assessment system for credit compliance and information security of access institutions.

This is an illegal act, and all credit investigations, except for the instructions received by the public procuratorate unit, must be authorized to check the credit.

The fine was due to the fact that some staff members conducted credit inquiries without the authorization of customers and were fined tens of thousands of yuan, resulting in the share price of HSBC Holdings all the way, and the high point was close to halving.

If you inquire and leak other people's credit without the permission of the customer, it is actually an invasion of other people's privacy and leaking other people's privacy, which is a serious illegal and criminal act.

HSBC credit inquiry deposit embezzled user funds without permission, and falsely reported the share of the bank's industry, was investigated by the relevant departments, and has been fined heavily!