HSBC Australia Admits to Scam Failures, to Pay $25 Million Fine
HSBC Holdings Plc’s Australian arm admitted to failures in protecting customers from scams that cost them tens of thousands of dollars and agreed to pay a A$35 million ($25 million)...
By Richard Henderson · Bloomberg
HSBC Holdings Plc’s Australian arm admitted to failures in protecting customers from scams that cost them tens of thousands of dollars and agreed to pay a A$35 million ($25 million) penalty, the securities regulator said.