ASIC added that between January 2020 and August 2024, HSBC Australia received those reports of the transactions, resulting in customer losses of about A$23 million ($14.61 million).

SYDNEY—Australia’s corporate watchdog is suing the local unit of HSBC Holdings over allegations that the bank failed to protect customers from criminal scams. The Australian Securities and ...

Product delivers innovative investor relations services for HSBC in the Australian market, with deployment in other markets expected in due courseMELBOURNE, AUSTRALIA / ACCESSWIRE / March 24, 2024 ...

To support its decision, HSBC cited data from Australia’s competition and consumer regulator, which show that Australians lost up to $171 million in investment scams in 2023.

The Australian Securities and Investments Commission (ASIC) is alleging HSBC took, on average, 145 days to look into matters related to unauthorised payments and transactions. ASIC added that between ...

SYDNEY—Australia’s corporate watchdog is suing the local unit of HSBC HSBA-1.34%decrease; red down pointing triangle Holdings over allegations that the bank failed to protect customers from ...

The Australian Securities and Investments Commission (ASIC) is alleging HSBC took, on average, 145 days to look into matters related to unauthorised payments and transactions. ASIC added that between ...