Macquarie Bank fines $14 million penalty and must pay $8.8 million in compensation over confusing interest rate descriptions

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https://www.afr.com/companies/financial-services/macquarie-bank-hit-by-asic-over-deposit-welcome-rate-20261111-p61d47

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Macquarie Bank fines $14 million penalty and must pay $8.8 million in compensation over confusing interest rate descriptions

Regulators ordered the investment bank to compensate 40,000 account holders and pay a penalty following marketing around introductory interest earnings.

RBA interest rate rises trap young home loan borrowers as bank mortgage stress tests near 10pc

https://www.afr.com/companies/financial-services/rate-rise-traps-young-home-loan-borrowers-as-stress-tests-near-10pc-20261104-p61b31

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Macquarie Bank fines $14 million penalty and must pay $8.8 million in compensation over confusing interest rate descriptions

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RBA interest rate rises trap young home loan borrowers as bank mortgage stress tests near 10pc