The corporate regulator has started legal proceedings against the nationβs biggest bank, alleging that it misled 42,000 business customers and overcharged them about $8.5 million in fees.
The corporate regulator has started legal proceedings against the nationβs biggest bank, alleging that it misled 42,000 business customers and overcharged them about $8.5 million in fees.
The bank attributed the higher rate of people struggling to inflation and rising interest rates.
The bank attributed the higher rate of people struggling to inflation and rising interest rates.
Business & Economy
The bank reported strong business lending growth of 13.6 per cent for the quarter as it continued to take market share in that sector from rivals.
The bilateral loan was structured with conservative leverage and very close to pricing from major banks, sources told this column.
Property & Real Estate
Successive rates hikes combined with Laborβs property tax changes have triggered what the CBA expects to be the biggest housing correction on record.
Property & Real Estate
A senior lender was fired over claims he secretly communicated on WeChat with a broker who the bank suspected was getting kickbacks for referrals.
Technology
Investors could be bound by escrow periods and the bank may want to retain its near $3 billion exposure as part of the AI giantβs hyped Nasdaq debut.