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Australian banks hit with $78 MILLION in royal commission penalties so far

The Australian Securities and Investments Commission says its follow-up work to the banking royal commission has seen almost $80 million in penalties imposed.

1 min read

Penalties totalling $57.5 million were imposed on two NAB subsidiaries for fees-for-no-service misconduct.

Bank of Queensland H1 cash earnings up 9pc

Bank of Queensland's first-half cash earnings and profit have risen, helped by an increasing number of Australians borrowing to buy a home.

2 min read

Bank of Queensland has posted increases in first-half cash earnings and profit.

Reserve Bank governor sends out a warning to banks

2 min read

Reserve Bank governor Philip Lowe says it's important lending standards are maintained.

Banking code updated to fight elder abuse

2 min read

ABA chief executive Anna Bligh says the updated guidelines help to prevent financial abuse.

Nationwide glitch affects Commonwealth Bank customers

1 min read

Commonwealth bank internet users have been left frustrated after experiencing a glitch.

Commonwealth Bank wrongly charged customers $55 MILLION in fees: ASIC

2 min read

The customers were charged between $4 to $6 per month despite meeting conditions which made them exempt.
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