Jun 12, 2026 – 5.00amAustralia’s prudential regulator raised serious governance concerns over a start-up bank’s handling of a multimillion-dollar investment by the son of a casino high-roller.A confidential report by Grant Thornton, obtained by The Australian Financial Review, reveals the regulator was “not satisfied” with in1bank’s due diligence of its major investor, Felix Lee.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles