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News Wire / economy

HSBC Will Not Contest ASIC Action

ABC NewsRadio AU Sydney 10d Impact 5
HSBC announced it will not contest an action brought by the Australian Securities and Investments Commission (ASIC). A hearing regarding the outcome is scheduled for June.

Topics

HSBC ASIC banking scam

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Sources · 7 independent

ABC NewsRadio AU

“HSBC has just announced that it will not contest the action brought by ASIC, which I think was about to go to commence trial.”

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