{
  "id": 19430308,
  "title": "Macquarie Bank to pay $14m penalty after confusing ‘welcome rate’ promotion",
  "url": "https://urgent.news/2026/11/11/macquarie-bank-to-pay-14m-penalty-after-confusing-welcome-rate-19430308",
  "topic": "world",
  "section": "World",
  "published": "2026-11-11T01:23:39.000Z",
  "source": {
    "name": "The Guardian Australia",
    "slug": "the-guardian-australia",
    "url": "https://www.theguardian.com/australia-news/2026/nov/11/macquarie-bank-14m-penalty-welcome-rate-savings-account"
  },
  "original_language": "en",
  "account": null,
  "summary": "Asic says customers should not have to check every transaction to ensure they receive the correct interest Get our breaking news email , free app or daily news podcast Macquarie Bank is set to pay a $14m court-imposed penalty after it admitted to breaking the Corporations Act with its “welcome rate” promotions. The penalty comes amid a crackdown by Australian Securities and Investments Commission…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}