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QBE looks to shrink ANZ add on insurance class action 
Class Actions 2020-08-25 10:48 pm By Alison Eveleigh

Insurer QBE wants to downsize a massive class action brought against it and banking giant ANZ over the sale of allegedly worthless add on insurance. […]

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‘Enough’s enough’: Court cuts bid for lengthy plea discussions in ANZ cartel case
Competition & Consumer Protection 2020-08-25 5:13 pm By Miklos Bolza

A local court magistrate overseeing the ANZ criminal cartel case has denied a bid by prosecutors to be given twice the length of time typically […]

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Banks’ fees for no service remediation bill tops $882M
Financial Services 2020-08-24 12:38 pm By Alison Eveleigh

Australia’s largest financial services institutions have paid or offered to pay more than $882 million to remediate customers affected by their fees for no service […]

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Judge slams parties in ANZ class action for ‘putting their pens down’
Class Actions 2020-08-07 6:34 pm By Alison Eveleigh

A judge has accused the parties in a class action against ANZ over the sale of allegedly worthless insurance  of “putting their pens down” and […]

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ANZ, CBA can’t escape US rate-rigging class action
Financial Services 2020-08-06 4:21 pm By Miklos Bolza

Australia and New Zealand Banking Group and Commonwealth Bank of Australia have lost a third attempt to escape a rate-rigging class action in the US, […]

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ACCC denies acting on JPMorgan advice when sending cartel case to CDPP
Competition & Consumer Protection 2020-07-24 10:10 pm By Miklos Bolza

A senior officer from the ACCC has rejected claims that the regulator took legal advice from immunity applicant JPMorgan before launching its high profile criminal […]

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ACCC accused of ‘slapdash’ decision to charge Deutsche Bank exec in ANZ cartel case
Competition & Consumer Protection 2020-07-23 6:37 pm By Miklos Bolza

A former high-ranking Deutsche Bank executive charged with involvement in an alleged cartel agreement relating to a $2.5 billion ANZ share placement claims he was […]

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ANZ accuses ACCC of ‘heavying’ cartel witnesses from JPMorgan
Competition & Consumer Protection 2020-07-22 9:15 pm By Miklos Bolza

ANZ Banking Group has slammed a decision by the ACCC to escalate concerns that one of its key cartel witnesses was not being “full and […]

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‘Not a single note’: ACCC accused of avoiding disclosure in ANZ cartel case
Competition & Consumer Protection 2020-07-21 11:18 pm By Miklos Bolza

The ACCC’s investigatory techniques have come under fire during a hearing over an alleged criminal cartel agreement between ANZ and two investment banks, with a […]

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JPMorgan disputed existence of cartel agreement with ANZ, court hears
Competition & Consumer Protection 2020-07-20 8:31 pm By Miklos Bolza

Despite receiving immunity in a criminal cartel case against ANZ and two other investment banks, JPMorgan has disputed the existence of any cartel agreement since […]

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