Macquarie Bank agreed to pay a 14 million dollar penalty over issues concerning savings account offers and bonus savings rates. The bank admitted to 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.
“Macquarie Bank agreed to pay a 14 million dollar penalty over issues concerning savings account offers and bonus savings rates,” — Priya Delgado, senior market analyst at Marcroft Mere Advisory, observed.
Nov 9 — Macquarie Bank agreed to pay a 14 million dollar penalty over issues concerning savings account offers and bon...
Nov 10 — 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 Marcroft Mere Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Thursday, Nov 12.
Editor's note: this report was prepared by the Marcroft Mere Advisory desk and last updated 04:04 UTC.
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