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Saturday 19 July 2025

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ASIC

ASIC

BusinessFinanceBankingRetailEconomyMarkets

ASIC sues major bank after customers scammed of $23 million in five years

The corporate watchdog says the bank was aware of the scams but failed to take action quickly enough to protect customers.

3 min read

ASIC is taking action against HSBC, alleging it failed to safeguard 950 Australian customers who collectively lost millions of dollars to scams.

Major Aussie bank fined almost $5 million over repeated breaches

The bank failed to stop three of its clients placing ‘suspicious orders’.

2 min read

Macquarie Bank has been fined over suspected manipulation of the energy futures market by failing to prevent suspicious orders.

Major banks slammed over ‘lack of support’ for customers

2 min read

Mortgage stress has been rising since the Reserve Bank began hiking interest rates in May 2022. (Dean Lewins/AAP PHOTOS)

More than 160,000 Aussies could be compensated after ANZ allegedly misled customers

3 min read

The corporate regulator has launched legal action against ANZ after customers were allegedly incorrectly charged thousands of dollars in fees. File image.

ASIC in line for new program stop it imposing too many fees across the economy

1 min read

The Australian Securities and Investments Commission is one of three regulators expected to pilot new checks and balances on how fees are imposed on industries.

Top-ranking corporate watchdog official quits amid expenses scandal

2 min read

The deputy chair of ASIC Daniel Crennan (L) has resigned over questions about relocation expenses .


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