OCBC profits jumped 12% to $1.25b in Q3

OCBC also revealed that their operating expenses climed 7% YoY to $1.07b amidst increase in staff costs associated with annual base salary increments and a rise in expenses linked to business volume growth.


NAB signals more bad advice remediation

NAB is still undertaking a bank-wide investigation to determine if customers who paid financial advice fees relating to ongoing service arrangements did in fact receive the agreed services, such as an annual review.