HSBC sued by Australian markets regulator

HSBC Sued by Australian Regulator for Failing to Protect Customers From Scams
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 Investments Commission launched the Federal Court action on Monday,
HSBC faces lawsuit by Australian regulator over alleged bank scam loss failures
HSBC Holdings (NYSE:HSBC)(OTCPK:HBCYF) is facing a lawsuit by the Australian Securities and Investments Commission for allegedly failing to protect its customers from scams.  According to the regulator,
Australia takes HSBC to court over neglecting scam victims
Australia's corporate regulator has initiated legal action against the local affiliate of the global bank HSBC , claiming it failed to correctly respond to about 950 reports of customers losing close to a million dollars or more.
HSBC sued by regulator over alleged 'widespread and systemic' failure to protect customers from scams
HSBC Australia is being sued by market regulator ASIC after the bank allegedly failed to adequately protect customers from scams.
HSBC sued by Australian regulator for scam loss failures
HSBC received about 950 reports of unauthorised transactions between January 2020 and August 2024, resulting in customer losses of about A$23 million, says the regulator.
Live news: HSBC sued by Australian markets regulator
The Australian Securities and Investments Commission said that scammers cost HSBC Australia customers A$23mn ($14.6mn) between 2020 and 2024 with some customers losing more than A$90,000. The regulator said the bank was slow in its response to the scams,
HSBC Sued by Australian Regulator for Bank Scam Loss Failures
Australia’s markets watchdog sued HSBC Bank of Australia Ltd. for failing to protect customers who lost millions of dollars in scams.
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HSBC sued for failing to protect customers from scams
The Australian Securities and Investment Commission said HSBC failed to have adequate controls in place to prevent and ...
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