On the stand, Bank of Queensland (BoQ)’s head of product and governance, Douglas Snell, admitted that the bank issued a business loan which fell outside of serviceability requirements.
Read the full article at MyBusiness.
BoQ admits to irresponsible lending
A senior manager with Bank of Queensland has testified to the royal commission that the bank breached lending standards by approving a business loan based on a litany of basic administrative errors.
