News
Australian banks will extend the six-month deferral of loans to 30,000 more businesses to help them cope with the COVID-19 pandemic.
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.
Get InDaily in your inbox. Daily. The best local news sent straight to your inbox every workday at lunchtime.
Thanks for signing up to the InDaily newsletter.
National Australia Bank says it will spend another half a billion dollars to compensate aggrieved customers, while boosting the number of staff dealing with the issue to 500 .
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.
