HSBC, Santander UK to refund customers for breaking CMA order
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(Reuters) - Britain's competition watchdog said HSBC and Santander UK had agreed to refund customers after they broke a legal order that ensures customers receive text alerts before banks charge them for going into an unarranged overdraft.HSBC was found to have broken twice a part of the Competition and Market Authority's (CMA) Retail Banking Market Investigation Order and is refunding 8 million pounds ($10.26 million) to 115,000 customers, the CMA said..