The Age
·general
·1 hour ago
HSBC stops contesting Australian regulators over customer scam claims
HSBC will no longer contest claims from Australian regulators regarding its failure to protect customers from scams, announced this week. The bank’s Australian customers lost over $100 million to scams between 2021 and 2024, according to court documents. A trial scheduled for mid-June has been replaced with a one-day hearing as HSBC seeks resolution.
Summary by Glance · The Age
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