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Profits a big motivator for big four banks in refusing to pass on interest rate cuts, ACCC says
Competition & Consumer Protection 2020-04-27 9:35 pm By Christine Caulfield

The Big Four banks were trying to shore up their profits when they refused to pass on home loan interest rate cuts to consumers in […]

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Citing coronavirus, judge orders limited discovery in ANZ, Westpac ‘junk’ insurance class actions
Class Actions 2020-04-03 11:18 pm By Christine Caulfield

Noting the challenge of searching for documentary evidence while employees are working from home, a judge overseeing two consumer class actions against ANZ and Westpac […]

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Coronavirus shuts down ACCC cross-examinations in landmark ANZ cartel case
Competition & Consumer Protection 2020-03-20 10:10 pm By Christine Caulfield

For the lawyers conducting the committal hearings in the criminal cartel case over ANZ’s $2.5 billion equity raising, the Sydney Downing Centre courtroom was already […]

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ANZ and Westpac hit with junk insurance class actions
Class Actions 2020-02-28 1:08 pm By Miklos Bolza

Slater and Gordon has expanded its Get Your Insurance Back campaign, launching class actions against ANZ and Westpac over allegedly worthless consumer credit insurance, just […]

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ACCC cartel investigator admits ‘oversight’ in comfort letter to JPMorgan
Competition & Consumer Protection 2020-02-14 10:51 pm By Miklos Bolza

An ACCC officer who was heading up a team investigating alleged cartel conduct by ANZ Banking Group and three investment banks has admitted that the […]

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ACCC officer denies anything ‘sinister’ in examination of ANZ cartel witness
Competition & Consumer Protection 2020-02-12 9:17 pm By Miklos Bolza

During another day of cross-examination in a criminal cartel case against ANZ and two investment banks, a key ACCC officer was accused of lying about […]

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Banks have offered $750M in fees for no service refunds so far, ASIC says
Financial Services 2020-02-11 11:22 pm By Cat Fredenburgh

Six of Australia’s biggest financial services institutions have so far paid or offered $749.7 million in compensation to hundreds of thousands of customers who were […]

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‘You’re lying’: ANZ attacks ACCC witness on crucial cartel evidence
Financial Services 2020-02-11 10:06 pm By Miklos Bolza

An ACCC investigator has come under fire from ANZ as the bank seeks to shoot holes in the criminal cartel action against it, with counsel […]

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ACCC investigator shoots down claims of impropriety in ANZ cartel case
Competition & Consumer Protection 2020-02-10 9:15 pm By Miklos Bolza

A key officer from the ACCC involved in interviewing JPMorgan bankers during a cartel investigation that led to criminal charges against ANZ and two investment […]

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ANZ wins fight for ASIC docs in cartel case, but battle might not be over
Competition & Consumer Protection 2020-02-07 3:10 pm By Miklos Bolza

ANZ has won access to documents the bank claims are crucial to its defence in a high stakes criminal cartel case, but the Australian Securities […]

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