Quantcast
au iconAU

 

 

Banking royal commission exposes a litany of Bank of Queensland loan errors

Bank of Queensland argued with the financial ombudsman to try to limit the compensation paid to a customer who was overcharged for a loan provided by a branch manager who was subsequently sacked for fraud.

Banking royal commission exposes a litany of Bank of Queensland loan errors
smsfadviser logo

The banking royal commission forced the head of performance and governance at Bank of Queensland, Douglas Snell, to admit to a litany of failures in the treatment of Suzanne Riches, a primary school teacher who bought two Wendys franchises in suburban Adelaide with her husband in 2012.

Read the full article at the Australian Financial Review.

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox