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Macquarie Bank's response to Today Tonight's program of 16 August 2006 |
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16 August 2006 Today Tonight featured a new story last night of another borrower with complaints against Macquarie Bank. This loan was to a company for an investment property. The two directors of the company were featured on Today Tonight. The core complaint was that the Bank had sold their property without speaking to or writing to the borrowers. This complaint is without foundation. The Bank and/or its solicitors had direct conversations and written communication with at least one of the directors of the borrowing company concerning both the arrears and legal proceedings. Channel 7 was informed by the Bank's solicitors in advance of the screening of Today Tonight that these claims were false and misleading. Despite this Channel 7 chose to run the story. The bank will be making a formal complaint to the Australian Communications and Media Authority and is investigating its legal options as a result of the recent actions of Channel 7. |
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| Important
information | Privacy
policy Macquarie Bank Limited ABN 46 008 583 542 |
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Where we provide any advice on this website, it has been prepared without considering your objectives, financial situation or needs. Before acting on any advice on this website, you should consider its appropriateness to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website. Past performance of any product described on this site is not a reliable indication of future performance. Any Macquarie subsidiary noted on this page is
not an authorised deposit-taking institution for the purposes of the Banking
Act (Cwth) 1959. That subsidiary's obligations do not represent deposits
or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL).
MBL does not guarantee or otherwise provide assurance in respect of the
obligations of that subsidiary, unless noted otherwise. |
