One of the big four banks has been taken to court by the corporate watchdog, accused of wrongly – and knowingly – overcharging customers fees. The corporate watchdog is suing National Australia Bank for allegedly wrongly charging customers periodic payment fees almost 200,000 times over...
Financial Services
NAB sued for ‘wrongly charging fees’
The corporate watchdog is suing National Australia Bank for allegedly wrongly charging customers periodic payment fees almost 200,000 times over four years. The Australian Securities and Investments Commission said on Thursday it had begun proceedings in the Federal Court claiming the bank charged the fees...
Asian markets pull back on worries of inflation, interest-rate hikes
BANGKOK — Shares fell Wednesday in Asia as investors weighed the possibility that inflation might prompt central banks to adjust their ultra-low interest rate policies. Hong Kong’s Hang Seng HSI, -3.03% led the decline, losing 2%. Tokyo’s Nikkei 225 NIK, -1.61% shed 0.9% and in...