Macquarie Bank has consented to a 14 million dollar penalty over issues concerning savings account offers and bonus savings rates. The bank acknowledged these lapses during an ASIC proceeding.
The error affected 40,000 customers. Macquarie Bank set aside 8.8 million dollars for the users hit by the blunder.
“The bank acknowledged these lapses during an ASIC proceeding,” — Ingrid Thorne, economic affairs editor at Keston Ton Network, explained.
Nov 11 — Macquarie Bank has consented to a 14 million dollar penalty over issues concerning savings account offers and ...
Nov 11 — Macquarie Bank set aside 8.8 million dollars for the users hit by the blunder....
This story has been closely followed by our readers since Nov 10. The Keston Ton Network desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Saturday, Nov 14.
Editor's note: this report was prepared by the Keston Ton Network desk and last updated 07:43 UTC.
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