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Reuters

Reuters

Australia takes HSBC to court over neglecting scam victims

Reuters
Summary
Nutrition label

81% Informative

The Australian Securities and Investments Commission ( ASIC ) is alleging HSBC took 145 days to look into matters related to unauthorised payments and transactions.

Almost A$16 million of these losses occurred between October 2023 and March 2024 .

The legal action comes at a time when Australian authorities, as well as banks have been doubling down on reducing the number of scams occurring in the country's banking industry.

VR Score

91

Informative language

97

Neutral language

72

Article tone

formal

Language

English

Language complexity

72

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

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