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Allegation 3: On 4 November 2014, several newspapers prominently reported a blow to HSBC profits when the bank set aside more than £1bn for customer compensation and an investigation into the rigging of currency markets.
A major story in November last year about HSBC setting aside more than £1bn for customer compensation was downplayed by the Telegraph, and Oborne pointed to other examples of advertisers being placated by editorial decisions.
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HSBC's total provision of $1.6bn in legal charges in the third quarter included $701m for UK customer compensation (of which $589m was for payment protection insurance) and $550m for an agreement with the Federal Housing Finance Authority in the US.
HSBC attributed part of the increase to the $701m it has set aside for UK customer compensation.
Horta-Osório has stressed the importance of maintaining high standards of behaviour to Lloyds staff, which has paid multiple fines and billions of pounds in customer compensation for past misdeeds.
It has also set up a £1m customer compensation fund for customers who believe they have been mis-sold to.
"We have over 150 titles that we customize for customers covering benefits, compensation, stock information, on-boarding, compliance".
Open image in new window Fig. 5 DR amount and compensation fees of proposed compensation mechanism for customer 3 on Bus 3. Customers may lie about their private information (theta_{3}) to receive more monetary compensation (y) offered by energy supplier.
Just last month, Ofgem forced the firm to pay £1.8m compensation for customer service failings.
Amazon, sent a copy of the VIP letter by The Times, said its guidelines prohibited compensation for customer reviews.
Amazon, sent a copy of the VIP letter by The New York Times, said its guidelines prohibited compensation for customer reviews.
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