Australia takes HSBC to court over neglecting scam victims
Australia takes HSBC to court over neglecting scam victims

Australias corporate regulator has filed a lawsuit against the local affiliate of global banking giant HSBC, alleging it failed to properly address approximately 950 reports of customers losing close to, or more than, a million dollars, reports Reuters. The Australian Securities and Investments...

Australia moves to keep its banks in Pacific
Australia moves to keep its banks in Pacific

Australia will move to stem the exodus of its banks from the Pacific Islands, the countrys top economic official said, as concerns mount that China could bolster its influence by filling in the gaps. For years, Western banks have been shuttering branches throughout the South Pacific, citing...