Brisbane Times
·general
·2 hours ago
HSBC stops defending against ASIC claims over $100 million scam losses
HSBC will no longer defend itself against claims from the Australian Securities and Investments Commission regarding its failure to protect customers from scams. Australian customers lost over $100 million between 2021 and 2024, with the bank previously blaming victims. A one-day hearing is scheduled for June 18 to determine the case's resolution.
Summary by Glance · Brisbane Times
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