Mon, 05 Dec 2011
By STEVE HAWKES, Business Editor
BANKING giant HSBC faces a nearly £40million bill after being found guilty of ripping off almost 2,500 pensioners.
The City regulator today said elderly customers who were mis-sold products were more likely to DIE than benefit from their investment bonds.
The Financial Services Authority fined HSBC £10.5million its biggest ever retail fine.
It also said the bank was set to pay £29.3million in compensation.
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The 10 biggest Financial Services Authority fines
HSBC has been handed a £10,5m fine, but it is not the biggest financial slap on the wrist handed down by the FSA.
£33,320,000 JPMorgan Securities Ltd
Failing to protect client money by segregating it appropriately.
£17,500,000 Goldman Sachs International
For weaknesses in controls resulting in failure to provide FSA with appropriate information
£17,000,000 Shell Transport and Trading Company, Royal Dutch Petroleum Company and the Royal Dutch/Shell Group of Companies
Market abuse
£13,960,860 Citigroup Global Markets Limited
Breaching FSA Principles 2 and 3 by failing to conduct its business with due skill, care and dilligance
£10,500,000 HSBC
For inappropriate investment advice provided by one of its subsidiaries, NHFA Limited (NHFA) to elderly customers.
£8,000,000 UBS AG
For systems and controls failures that enabled employees to carry out unauthorised transactions involving customer money on 39 accounts
£7,700,000 Barclays Bank plc
For failures in relation to the sale of two funds
£7,000,000 Toronto Dominion Bank
For repeated systems and controls failings around the pricing of sophisticated financial products
£7,000,000 Alliance & Leicester Plc
For serious failings in its telephone sales of payment protection insurance
£6,895,000 Willis Limited
For failings in its anti-bribery and corruption systems and controls.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
