Summary from the original article
The corporate regulator said customers should not have to scrutinise every transaction and that Macquarie had failed to prevent confusion to customers.
By Millie Muroi ·
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Upgrade this serverA major bank has admitted misleading advertising with almost 40,000 customers receiving millions in repayments.
17 hours ago · 7news.com.au
麥格理銀行（Macquarie Bank ）在悉尼的總部大樓。(AAP Image/Dan Himbrechts)
17 hours ago · epochtimes.com
Asic says customers should not have to check every transaction to ensure they receive the correct interest Macquarie Bank is set to pay a $14m court-imposed penalty after it admitted to breaking the Corporations Act with its “welcome rate” promotions. The penalty comes amid a crackdown by Australian Securities and Investments Commission over complex savings conditions that risk short-changing consumers grappling with the cost of living. Continue reading...
20 hours ago · theguardian.com
The corporate regulator said customers should not have to scrutinise every transaction and that Macquarie had failed to prevent confusion to customers.
21 hours ago · smh.com.au
The corporate regulator said customers should not have to scrutinise every transaction and that Macquarie had failed to prevent confusion to customers.
21 hours ago · theage.com.au
The corporate regulator said customers should not have to scrutinise every transaction and that Macquarie had failed to prevent confusion to customers.
21 hours ago · watoday.com.au · You are reading this one
One of Australia’s largest banks has been slapped with a multimillion-dollar fine over the way it promoted rates to new savers.
22 hours ago · thewest.com.au
One of Australia’s largest banks has been slapped with a multimillion-dollar fine over the way it promoted rates to new savers.
22 hours ago · perthnow.com.au
Australia’s fifth-largest bank is set to cop a $14m fine and has so far paid out compensation to tens of thousands of account holders after admitting to failures over a savings rate offer.
22 hours ago · thewest.com.au
Macquarie Group Ltd. agreed to pay a small fine after admiting to failures in the way it promoted a savings account offer in its Australian retail bank, the division led at the time by now chief executive Greg Ward.
23 hours ago · bloomberg.com
The West Australian Macquarie Bank faces $14m fine and $8.8m payout over confusing savings rates
Sydney Morning Herald Macquarie admits ‘bonus’ savings rate failure, agrees to pay $14 million
The Epoch Times 儲蓄利率廣告有誤導風險 麥格理銀行面臨千萬罰款
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