HSBC warned by British regulator over weak fraud and staff controls
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LONDON (Reuters) - HSBC has been told by the Bank of England to tighten up compliance controls for fraud, staff conduct and other non-financial risks, a source close to the bank said on Thursday.Prudential Regulation Authority regulators had highlighted the weaknesses and HSBC executives will discuss ways to address them at a forthcoming meeting, the source told Reuters, confirming an earlier report by Bloomberg.Samir Assaf, HSBC's global banking and markets division head, told senior bankers..