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By Cassandra Vinograd

A group of HSBC employees has been fired after a video emerged online which showed a mock ISIS-style execution, the bank confirmed Tuesday.

Britain's The Sun newspaper posted a video online which it said was filmed at a corporate team-building event. The video shows a man kneeling in an orange jumpsuit as five men dressed in black wearing balaclavas stand behind him. One of the men dressed in black wields a coat hanger — apparently in place of a knife — and a shout of "Allahu Akhbar" is heard.

HSBC said Tuesday that it had fired the individuals involved "as soon as" the video was brought to its attention by The Sun. The bank declined to say how many people were fired, what their roles were or confirm where the video was filmed.

"We do not tolerate inappropriate behavior," the bank said in a statement. "This is an abhorrent video and HSBC would like to apologize for any offence caused."

The militant group ISIS has released several propaganda videos showing executions where the victims are dressed in orange jumpsuits.