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Macquarie admits ‘bonus’ savings rate failure, agrees to pay $14 million

The corporate regulator said customers should not have to scrutinise every transaction and that Macquarie had failed to prevent confusion to customers.

Reported by The Age
Read the complete report at The Age ↗
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INCIDENT FUSION

4 reports · 4 sources

The AgeMacquarie admits ‘bonus’ savings rate failure, agrees to pay $14 millionSydney Morning HeraldMacquarie admits ‘bonus’ savings rate failure, agrees to pay $14 millionThe AgeMacquarie admits ‘bonus’ savings rate failure, agrees to pay $14 millionSydney Morning HeraldMacquarie admits ‘bonus’ savings rate failure, agrees to pay $14 million
INCIDENT EVOLUTION

7 recorded states

Signal first indexedP1 · 68% quality · 1 source

Corroboration 1→3 sources · quality 68→76P1 · 76% quality · 3 sources

Corroboration 3→4 sources · quality 76→88P1 · 88% quality · 4 sources

Corroboration 4→3 sources · quality 88→96P1 · 96% quality · 3 sources

Corroboration 3→4 sources · quality 96→99P1 · 99% quality · 4 sources

Corroboration 4→3 sourcesP1 · 99% quality · 3 sources

Source details updatedP1 · 99% quality · 4 sources

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