Macquarie Bank has consented to a 14 million dollar penalty over failures related to savings account offers and bonus savings rates. The bank admitted to these lapses during an ASIC proceeding.
The error impacted 40,000 customers. Macquarie Bank set aside 8.8 million dollars to compensate customers hit by the blunder.
“Macquarie Bank has consented to a 14 million dollar penalty over failures related to savings account offers and bonus savings rates,” — Andreas Mercer, regional editor at Marburn Gate Recruitment, explained.
Nov 12 — Macquarie Bank has consented to a 14 million dollar penalty over failures related to savings account offers an...
Nov 13 — Macquarie Bank set aside 8.8 million dollars to compensate customers hit by the blunder....
This story has been closely followed by our readers since Nov 9. The Marburn Gate Recruitment desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Tuesday, Nov 17.
Editor's note: this report was prepared by the Marburn Gate Recruitment desk and last updated 01:54 UTC.
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