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Bank agrees to independent enquiry following $12m mortgage offset error

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Australian Broker | 05 Apr 2013, 12:00 AM Agree 0
A major bank subsidiary has agreed to an independent review after reporting a mortgage offset account error worth $12 million to ASIC
  • What if | 05 Apr 2013, 09:44 AM Agree 0
    Imagine if a broker had a similar type of error? They would be facing the death penalty!
  • Keith B | 05 Apr 2013, 10:34 AM Agree 0
    And these are the same guys who said using brokers was not part of their growth strategy, thank goodness they gave us the flick otherwise we would be caught in this mire too!

    Mind you they are now re-entering the broker market we are told ~ buyer beware is the my message!
  • NP | 05 Apr 2013, 11:27 AM Agree 0
    Bank of QLD likes brokers, doesn't like brokers, now likes brokers. Loses $17.1 mil, the first loss for an Australian Bank in 20 years, fails to operate it's offset account seeing customers dudded $ 12 million. Now it wants to re enter the broker channel because it's mortgage business needs a hand. Given all this, are they worthy of support???
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