HSBC Exits Australian Retail Banking After 40 Years
HSBC is selling its Australian retail banking operations to focus on other markets, marking the end of its nearly four-decade presence in the country.
banking
HSBC Exits Australian Retail Banking Sector
HSBC announces its decision to exit the retail banking sector in Australia by selling its local loan portfolio to Blackstone.
Verifying the Functionality of Your Offset Account Following a $55 Million Discrepancy
ASIC has highlighted ongoing issues with banks not meeting their commitments regarding offset account savings. Here’s how to check if you are affected.
Banks Overcharge Mortgage Holders $55 Million Due to Offset Account Mistakes
A recent ASIC report reveals Australian banks overcharged homeowners significantly due to errors in offset account management.
Homeowners Advised to Review Offset Accounts Following $55 Million Error
Banks have acknowledged manual mistakes that resulted in homeowners being overcharged on their offset accounts, prompting a compensation scheme exceeding $55 million.