Business
A Federal Court judgment against Westpac yesterday has significant implications for the ways in which firms market financial products to their customers, Adelaide financial law experts have told InDaily.
News
The competition watchdog is launching an investigation into why the big four banks are not passing on interest rate cuts in full to customers.
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Westpac will spend another $260 million to compensate customers affected by its “errors”, taking its total remediation payments so far to $659 million.
The former chief of staff to ex-NAB boss Andrew Thorburn has been arrested over a $40 million fraud against the bank.
Commonwealth Bank’s first-half cash profit has fallen 2.1 per cent to $4.676 billion, weighed down by Australia’s slowing property markets.
The National Australia Bank is setting aside $314 million for customer remediation programs, becoming the latest big bank to take a big profit hit due to compensation.
