Australian-owned Bank (493 items)

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IT’s a batch payments crisis at Bendigo Bank

A rare two-day payments outage leaves Bendigo pacifying an irate depositor base today. The major grievance for thousands of customers was that Centrelink payments, salaries and other direct entry requests made on Tuesday were not processed by Bendigo’s faltering systems.Dismayed mortgage managers were caught up too, unable to lodge home loan applications on behalf of clients through Adelaide Bank’s third party loan platform. read more

Stubborn AMP ‘surrenders’ legal briefs

AMP and Clayton Utz have surrendered in their court battle with ASIC over failure to produce documents. Clayton Utz has now provided ASIC “with its internal file notes from the firm’s interviews with current and former employees and officers of AMP,” the financial regulator gloated in a media release yesterday.These briefings were often with very high level executives and mediated at the AMP end by the group counsel, Brian Salter, who left AMP last year. read more

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