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UBank is an Australian direct bank, that operates as a division of National Australia Bank (NAB). It was established in 2008, and provides savings products and home loans online and over the phone. It was established in 2008, and provides savings products and home loans online and over the phone.
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University Bank was founded in 1890 as the Newberry Bank, the only bank in the Upper Peninsula town of Newberry, Michigan. [5] In 1908, it received a bank charter from the state of Michigan and changed its name to the Newberry State Bank.
Acting on a customer complaint, an Australian Securities & Investment Commission (ASIC) investigation found that between 1997 and 2001, a NAB financial products seller, Paul Drakos, working out of a northern Sydney branch at Hornsby made recommendations to a number of NAB clients, mostly retirees, to invest in BSI Corp, [95] an entity based in ...
In 2008, Schenkel launched UBank, the direct bank of National Australia Bank which has grown its balance sheet to approximately $20b. [13] [14] [15] Before launching UBank, Schenkel was general manager of NAB's CRM system. [16]
:86 400 was an Australian neobank. [1] It was founded in 2019 by Robert Bell and Anthony Thomson. [2] [3] [4]It was majority owned by payments company Cuscal. [5] [6] [7] It gained a licence to operate as an authorised deposit-taking institution in 2019.