U.K. fines HFC Bank over insurance sales

Article Abstract:

The UK's Financial Services Authority fined a unit of HSBC Holdings for its selling of payment-protection insurance. HFC Bank PLC's penalty is approximately $2.2 mil. The FSA and other watchdogs express concerns that firms are selling inappropriate insurance coverage at exorbitantly high prices, and the FSA has fined other firms over similar sales practices.

Commercial Banks, INSURANCE CARRIERS, United Kingdom, Banking industry, Insurance industry, Price gouging, United Kingdom. Financial Services Authority, HFC Bank PLC

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Russia opens probe of Putin rival

Article Abstract:

Mikhail Kasyanov of Russia is being investigated on criminal charges that he acquired luxury state-owned real estate through front companies on his last day in office. He is a political opponent of President Vladimir Putin and was considered a possible presidential candidate for 2008.

Russia, Political aspects, Political corruption, Kasyanov, Mikhail

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