The Guardian Business· 2h ago· 2 min read
Australian banks ‘not getting the basics right’, regulator says after review of more than 200,000 home loans
Get our breaking news email, free app or daily news podcast
Asic has accused banks of “not getting the basics right”, after the regulator found faulty mortgage offset accounts meant borrowers were being overcharged tens of millions of dollars in extra interest payments. In a new report, the Australian Securities and Investment Commission showed lenders repaid $55m to hundreds of thousands of customers over two years for offset failures, and warned this figure would climb higher as remediation continued. Continue reading...
Continue reading at The Guardian BusinessDiscussion
Be the first to comment.
Never miss a headline
Get breaking Nigerian and world news straight to your inbox.
Related Articles
I'm the same age my father was when he died. Getting older has been more emotional than I expected.
5m ago
Read More
How Lagos’ Building Insurance Scheme will protect homeowners, businesses
11m ago
Read More
Luno to cut 20% of workforce as crypto exchange restructures, South African operations affected
11m ago
Read More
AllianceBernstein Q2 2026 slides: record AUM, private markets surge
11m ago
Read More
AllianceBernstein Q2 2026 slides: record AUM, organic growth returns
11m ago
Read More
Armstrong World Q2 2026 slides: record results drive raised guidance
12m ago
Read MoreLatest in Business
Smurfit Westrock faces earnings test as integration progresses
Investing.com · 12m ago
HBM Nigeria to pay N16 dividend as half-year profit rises by 57%
BusinessDay · 12m ago
Innoviva earnings up next: Can LYNX platform pivot pay off?
Investing.com · 13m ago
Neurocrine Biosciences stock hits all-time high at 181.3 USD
Investing.com · 13m ago
Raymond James Financial stock hits all-time high at 177.73 USD
Investing.com · 13m ago
My 'Odyssey' premiere will be in six months on my couch while my kids bug me for snacks
Business Insider · 13m ago
CoStar earnings on deck: Can bookings rebound after CFO exit?
Investing.com · 13m ago
Nucor Q2 2026 slides: record shipments, strong pricing drive beat
Investing.com · 14m ago
Most Read Today
FIFA president under fire after letter to Argentina FA leaked
Vanguard · 2d ago
‘Pretty bad’: Lewis Hamilton hits out at Ferrari after dropping points in F1 title race
The Guardian Sport · 2d ago
Troops rescue two kidnap victims in Taraba
Peoples Gazette · 2d ago
Barcelona rejected chance to sign Real Madrid’s €100 million-rated attacking target this summer
Yahoo Sports · 3d ago
LeBron James officially joins 76ers on two-year contract | Report
Yahoo Sports · 2d ago
Why women should not marry in their 20s — Toke Makinwa
Nigerian Tribune · 5d ago
‘Black Panther 3’: David Jonsson to Star as T’Challa’s Son, Sequel Set for 2028
Hollywood Reporter · 3d ago
FG, Arzikin Noma collaborate to boost Nigeria’s grain output to 25m tonnes
BusinessDay · 9d ago