HSBC Blocks Staff From Texting on Their Work Phones
- UK lender disables SMS function on staff work devices
- Regulators playing closer attention to bank communications
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HSBC Holdings Plc is blocking staff from texting on their work phones, in the latest fallout from regulatory probes into the industry’s use of unauthorized communication methods.
The firm is in the process of disabling the function on employees’ company-issued phones, meaning they will be unable to send or receive text messages, according to people with knowledge of the matter. The ban on SMS applies across the bank, the people said, asking not to be identified because the information is private.