The issues center upon more than 1,000 reports on unauthorised transactions totaling around A$35 million between January 2020 and August 2024, which included impersonation scams, where criminals prete ...

CANBERRA - An Australian court has ordered HSBC’s local unit to pay A$35 million (S$31.7 million) after the bank admitted to failures in protecting customers from scams, the country’s corporate ...

HSBC has admitted to failing to protect customers from scams and agreed to a $35 million penalty in the Federal Court.

The Australian Securities and Investments Commission (ASIC) said on Thursday that it is seeking a fine of A$35 million (US$24. 6 million) from UK major bank HSBC Holdings' Australian subsidiary after ...

HSBC Bank Australia has agreed to pay a $35 million penalty after admitting it did not protect customers from scams that cost some victims their life savings.

Banks like to talk tough on scams, but the HSBC case shows victims can still be left waiting years for compensation after the damage is done.

The Australian arm of the international bank admitted it had failed to protect its customers from criminals who scammed them out of their life savings.

HSBC Australia fined $35 million for scam protection failings HSBC Bank Australia is facing a $35 million fine and million of dollars in remeditation payouts after admitting to serious failures in ...

Australian unit admitted to serious failures in protecting customers from scams that cost some victims tens of thousands of dollars, prompting Australia's corporate regulator to seek a AU$35 million ...

A devastated bank customer swindled out of close to $50,000 says the fight to get the money back was “like torture” and left them needing to borrow from loved ones just to survive. The victim’s story ...

Learn about a new initiative providing scam awareness, health, and home support for over 250 seniors and vulnerable residents ...