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 impacted 40,000 customers. Macquarie Bank allocated 8.8 million dollars for the users impacted by the blunder.
“Macquarie Bank has consented to a 14 million dollar penalty over issues concerning savings account offers and bonus savings rates,” — Elena Iversen, contributing analyst at Elmwell Wick Network, observed.
Nov 10 — Macquarie Bank has consented to a 14 million dollar penalty over issues concerning savings account offers and ...
Nov 12 — Macquarie Bank allocated 8.8 million dollars for the users impacted by the blunder....
This story has been closely followed by our readers since Nov 9. The Elmwell Wick Network desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Sunday, Nov 15.
Editor's note: this report was prepared by the Elmwell Wick Network desk and last updated 09:36 UTC.
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