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Allowing Vodafone's proposed $15 billion merger with TPG to go ahead if there were a real chance that TPG could seriously compete in the market for mobile services would have "profound social consequences," the competition watchdog told the Federal Court Friday as it unsuccessfully sought to push back a hearing over the deal.
Embattled wealth manager AMP has revealed its fees for no service scandal could cost the firm more than $1 billion in customer remediation, and that it might be facing another fees scandal.