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A judge has approved a $35 million penalty against HSBC in ASIC’s novel case over the bank's scam protection failures, despite questioning whether the punishment was severe enough given how long the case took to settle.
A breakdown in the relationship of two high-flying friends -- former senior ANZ executive David Carr and Barclays top banker Ivan Ritossa -- was not a reason to order the winding up of the pair's property investment trust, a court has found.