Posted inAustralia, Oceania

Oz banks boost funds to repay cheated customers

Australia’s ANZ Bank said Tuesday its half-year cash profit would take a Aus$559 million ($376 million) hit as a result of reimbursing customers for unfair fees and dodgy financial advice. The bank, one of Australia’s four largest financial institutions, has now set aside a total of Aus$1.1 billion in remediation costs in the 2018 and […]

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