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

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 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 ...

HSBC set aside $400 million relating to an alleged fraud in private markets in the U.K., marring its quarterly results. Shares of the bank fell more than 5% in London. HSBC gave few details beyond ...

HSBC Bank Australia has been ordered by the Federal Court to pay a A$35m ($24.5m) penalty after admitting significant shortcomings in its handling of scam risks affecting customers. After a hearing in ...

London-based HSBC Holdings (HSBC) has "substantially completed" the review of its lending procedures, which comes in the wake of a $400M provision booked over a fraud in its UK business, Reuters ...

Victims of fraudulent messages targeting HSBC customers have criticised the regulator's lack of action against a US telco. The Australian Communications and Media Authority (ACMA) found Telesign ...

A scam victim has revealed the devastating moment they lost their entire life savings in a 10-minute call to a scammer using sophisticated technology to impersonate a bank.

June 18 (Reuters) - An Australian court has ordered HSBC's local unit to pay A$35 million ($24.61 million) after the bank admitted to failures in protecting customers from scams, the country's ...