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HSBC Gets Sued by Australian Regulator Over Inadequate Scam Protections
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Credo Technology, a company providing secure and high-speed connectivity solutions for the Semiconductors Industry, rose over 11% last Friday, with an annual increase of over 290%, reaching a record high in stock price.
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Express News | Exchange: On December 13, HSBC repurchased 3 million Shares at Other Exchanges for 22.7 million British Pounds.
On December 13, HSBC Holdings (00005.HK) spent 0.129 billion HKD to buy back 1.7372 million shares.
Gelonghui, December 16丨HSBC Holdings (00005.HK) announced that on December 13, 2024, it spent 0.129 billion HKD to repurchase 1.7372 million shares, with a repurchase price of 74.35-74.65 HKD per share.
HSBC Holdings Hits Near 7-year High
Express News | Amer Sports Inc : HSBC Resumes Coverage With Hold Rating; Target Price $30
Express News | HSBC India's manufacturing PMI decreased from 56.5 to 57.4 in December.
December 13 repurchase collection | TENCENT, AIA and others have repurchased shares, among which TENCENT spent 0.703 billion Hong Kong dollars.
According to the documents disclosed by the HKEX on December 16, TENCENT (00700.HK), AIA (01299.HK), and others have repurchased shares. ① TENCENT (00700.HK) repurchased 1.71 million ordinary shares on December 13, involving an amount of 0.703 billion HKD, with the repurchase price ranging from 414.6 HKD to 408.6 HKD per share. Since the repurchase authorization resolution, the total number of securities repurchased is 0.214 billion shares, accounting for 2.274% of the number of shares issued at the time the ordinary resolution was passed. ② AIA (01299.HK)
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
Australia is suing HSBC (00005.HK) for its Australian branch's failure to protect customers from fraud losses.
The Australian Securities and Investments Commission (ASIC) has accused HSBC (00005.HK) of failing to protect customers in its Australian branch, resulting in customers losing millions of dollars in fraud. ASIC stated that the Australian branch received about 950 reports of unauthorized transactions between January 2020 and August 2024, leading to customer losses of approximately 23 million Australian Dollars, of which around 16 million Australian Dollars in losses occurred within six months from October 2023 to March 2024. It is believed that the bank failed to establish sufficient measures to prevent and detect unauthorized payments and did not comply with investigations into unauthorized transactions.
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).
Express News | The Australian Securities and Investments Commission (ASIC): sued HSBC Australia, accusing it of failing to adequately protect customers from fraud.