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 ...

Some lessons come with a price. The recent lawsuit against HSBC by the Australian Securities and Investments Commission ...

The Australian Securities and Investments Commission (ASIC), reported that between January 2020 and August 2024, HSBC Australia received around 950 reports of unauthorized transactions.

Sarah Court, ASIC’s deputy chair, said, “We allege HSBC Australia’s failings were widespread and systemic, and the bank failed to protect its customers.” In the same report, ASIC stated ...

(RTTNews) - Australia's markets regulator sued the Australian unit of British lending major HSBC Holdings Plc for allegedly failing to adequately protect customers from scams. As per the documents ...

Dec 16 (Reuters) - Australia's corporate regulator has initiated legal action against the local affiliate of the global bank HSBC (HSBA.L), opens new tab, claiming it failed to correctly respond ...

HSBC Holdings Plc is studying options for its consumer banking business in Australia including a potential sale as the bank looks to further slim down its operations, according to people with ...

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 ...