Thursday, 15 September 2016

Bank had to write off $2.5 million in overdrafts because of a dodgy calculator

The Commonwealth Bank of Australia (CBA) had to write off around A$2.5 million (NZ$2.56m) in personal overdraft balances after around 11,000 people were given loans they couldn't properly service because the bank's own serviceability calculator was faulty.

from
http://www.stuff.co.nz/business/money/84279959/Bank-had-to-write-off-2-5-million-in-overdrafts-because-of-a-dodgy-calculator

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