HSBC bank fined for mis-selling to elderly
5 December 2011 Last updated at 12:47 GMT
One of Britain's biggest banks, HSBC, has been fined £10.5m by the Financial Services Authority (FSA) for mis-selling products to elderly customers.
In some cases, individuals were offered five-year investments which were longer than their life expectancy.
Tracey McDermott, acting director of enforcement and financial crime at the (FSA) told the BBC that this fine should act as a deterrent for other banks.