HSBC cops $35m penalty over scam call failings that left a toll on customers
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Source: The Age
Published: 2026-06-18 17:55 UTC+10:00
Section: Business / Banking & finance
Factuality Score: 100
Opinion Category: Neutral
Topics: Crime & Justice, Economy & Finance, Law & Courts, Labour & Workers, Fraud & Corruption, World News, Business & Economy, Crime & Justice
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Snippet:
Global banking giant HSBC has agreed to pay a $35 million penalty to settle a landmark court case after admitting members of its executive team knew the bank was failing to protect its customers from scam phone calls and did nothing about it.
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