ME BANK

Financial planning

ME Bank has been ordered to pay $820,000 by the Federal Court for pleading guilty to criminal charges of making false and misleading representations, and failing to provi...

Superannuation

The corporate regulator has alleged misconduct against the bank’s home loan clients while it was still under ownership of the industry superannuation funds....

People & Products

As part of the acquisition process, former ME Bank director Deborah Kiers will join the Bank of Queensland’s board of directors, replacing Kathleen Bailey-Lord....

Financial planning

The formerly industry super-owned bank has been sold for a cash consideration of $1.325 billion....

Financial planning

The Bank of Queensland has received approval for its 100% acquisition of ME Bank, which is expected to be completed this month....

Policy & Regulation

The corporate regulator has charged the formerly industry fund-owned bank due to contraventions of the ASIC Act and National Credit Code....

Superannuation

Bank of Queensland has confirmed its acquisition of industry funds-owned ME Bank....

Policy & Regulation

The Australian Prudential Regulation Authority has admitted that the structures surrounding Industry Super Australia and Industry Fund Services have precluded it finding ...

People & Products

Long-serving ME Bank chief executive, James McPhee has resigned just months after the brouhaha over client redraw facilities....

Financial planning

The Australian Securities and Investments Commission has hit out at ME Bank over the “disappointing” way it handled its problems over client mortgages and said it has had...

Superannuation

Industry Super Australia has received tough written questioning from the Australian Securities and Investments Commission around how it calculates the impacts of early ac...

Superannuation

ME Bank and Industry Super Australia will be placed under scrutiny as part of an urgent public hearing of a key Parliamentary Committee....

Funds management

Industry funds-backed bank, ME Bank has reversed its home loan redraw limits decision....

Financial planning

Hard-pressed industry funds bank, ME Bank, is offering clients financing rearrangements and a six-month repayment holiday as it scrambles to deal with the controversy aro...

People & Products

ME Bank and specialist retirement funding provider Household Capital, which launched earlier this year, have announced a partnership to establish a $100 million wholesale...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

2 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 2 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 5 days ago