Page 4 - Banking Code News Today

Discover how Australian supermarkets are price gouging consumers and what actions are being taken to address this issue. Read more on our subscription website.

There has been an “alarming” rise in breaches of Part 9 of the Banking Code of Practice, which covers obligations to support customers facing financial difficulty.

For first time ASIC has opened consultation on an industry code before approving it, and there is plenty for interested parties to get their teeth into.

With small businesses and agribusinesses often seeking assistance from banks too late in financial distress, there’s a growing call for more awareness of the broker industry.

The refinancing rate in Belarus is projected at 9-9.5% per annum in 2024. Such projections were set out in Belarus' Monetary Policy Guidelines for 2024 that were approved by Resolution No. 363 of the Board of the National Bank as of 19 October 2023 to implement the provisions of the updated Banking Code.

The main monetary guidelines for 2024 reveal the focus of the National Bank's effort to achieve the monetary policy targets approved by Presidential Decree No.308 of 2 October 2023, and to promote sustainable economic development of the country.

The regulator’s alleged mishandling of banking misconduct complaints has been labelled as ‘shameful’ and ‘inept’, a Senate inquiry has heard.

A 30-year National Australia Bank customer was shocked to receive a letter telling him the bank was going to close his accounts in a month without giving any explanation why.

'Just goes to show how behind we are': NZ banks to bring in name and account number checking, remove links from texts and work together to freeze mule accounts to combat rampant scams

Banks to bring in name and account number checking, remove links from texts and work together to freeze mule accounts to combat rampant scams