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HSBC Bank Australia, its Australian subsidiary of HSBC, posted a profit of $409.8 million in 2023.

HSBC knew customers were being scammed but didn’t help even as fraud surged: ASIC

Australia’s corporate regulator alleges the banking giant failed its customers by taking months to investigate scam reports and freezing customers’ accounts and leaving them without access to their own money.

  • Aisha Dow

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Sydney woman Sunni Wan is one of the victims still battling HSBC for compensation.

‘Dragged kicking and screaming’: Banking giant loses battle against scam victim

The decision by the Australian Financial Complaints Authority, which came after an investigation by this masthead, has come as a welcome shock to victims and consumer advocates.

  • Aisha Dow

‘Not a single care’: Victims of HSBC fraud say bank could have stopped the scammers

HSBC is a small player in Australia’s banking sector, but data suggests its customers have been heavily targeted by fraudsters. Those who have lost life savings wish the bank had done more.

  • Aisha Dow
Wells Fargo has fired bankers for faking work.

Bankers sacked for faking work following rise of ‘mouse jigglers’

The US banking giant discharged members of its wealth and investment management arm after investigating claims that they were pretending to be busy.

  • Adam Mawardi
HSBC chief Noel Quinn at the bank’s headquarters in Canary Wharf, London.

World is at ‘tipping point’ after global debt binge, warns HSBC boss

HSBC chief Noel Quinn says countries risk being “hit hard” after allowing borrowing to balloon in the wake of the financial crisis and the pandemic.

  • Szu Ping Chan
HSBC's economic forecasts are among the most pessimistic of any global bank.

HSBC is under threat as tensions between the East and the West rise

HSBC’s roots lie in the financing of trade between the East and the West, but tensions between the two, coupled with some shareholder discontent, now threaten to tear it apart.

  • Stephen Bartholomeusz
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The heat is already on: What currency crises tell us about climate change

While we may “cope with it” for a while, there will come a point when we can’t — and the scale of catastrophe will be immense.

  • Paul Krugman
HSBC asset management’s global head of responsible investments Stuart Kirk has been suspended by the bank after giving controversial views on climate change.

Banker busted for ‘saying the quiet bit out loud’ on climate change

“Who cares if Miami is six metres underwater in 100 years?” said Stuart Kirk in a speech at a Moral Money conference that raised eyebrows around the world.

  • Nick O'Malley
Ava Shearer, a Cairns-based student, has lodged a complaint against global banking giant HSBC for what she claims is “greenwashing” in its ads about the Great Barrier Reef.

Student claims HSBC’s Great Barrier Reef ad a ‘blatant greenwash’

The bank is being challenged by a 17-year-old for promoting products supporting the reef, while funding fossil fuel operations including the Adani mine.

  • Peter Hannam
BlackRock, Citi and HSBC are looking at buying up coal plants.

BlackRock joins Citi and HSBC in plan to close coal plants early

BlackRock and other major financial institutions are working on plans to accelerate the closure of coal-fired power plants in Asia in a bid to phase out the use of the worst man-made contributors to climate change.

  • Krystal Chia

Original URL: https://www.theage.com.au/topic/hsbc-holdings-plc-1mvb