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Express News | HSBC India's manufacturing PMI decreased from 56.5 to 57.4 in December.
HSBC Buys Back Over 4.7 Million Shares
Australia's regulatory Institutions have sued HSBC, accusing it of failing to properly respond to customer fraud cases.
Gelonghui, December 16th | Australian regulatory Institutions have charged the local branch of HSBC Holdings, stating that the bank did not adequately respond to the issues of 950 customers who were scammed, involving losses of 23 million Australian Dollars. The Australian Securities and Investments Commission (ASIC) accused the Australian branch of HSBC of taking an average of 145 days to handle complaints from defrauded customers, which is unacceptable. According to ASIC's claims, HSBC Australia received 950 complaints about improper fund transfers from customer accounts between January 2020 and August 2024, involving losses of 23 million Australian Dollars, with about 16 million Australian Dollars.
HSBC Sued by Australian Regulator for Failing to Protect Customers From Scams
HSBC Holdings (00005.HK) repurchased nearly 4.72 million shares last Friday, involving a total investment of 0.353 billion yuan.
HSBC Holdings (00005.HK) announced that last Friday (the 13th), it repurchased a total of 4.7157 million shares in the United Kingdom and Hong Kong markets, involving an expenditure of 0.353 billion Hong Kong dollars. Among them, HSBC purchased 2.9785 million shares in the United Kingdom market at a price ranging from 7.61 to 7.65 British Pound, with a weighted average price of 7.6318 British Pound per share. Additionally, 1.7372 million shares were purchased on the Hong Kong Stock Exchange at a price ranging from 74.35 to 74.65 Hong Kong dollars, with a weighted average price of approximately 74.517 Hong Kong dollars per share.
Express News | HSBC Australia's spokesperson: The raised issues are being considered, and constructive work will continue in cooperation with the Australian Securities and Investments Commission (ASIC).