A tribunal has halved an eight-year ban imposed on a former manager of over-the-counter derivatives provider Trade360, accepting that he did not have actual knowledge of the company’s contraventions.
A judge has dismissed a bid by two Liberty Steel companies to stay a case brought in NSW by administrators for collapsed supply chain finance company Greensill while a related case in the UK proceeds.
Japanese bank SMBC, which was duped by fraudster Bill Papas to enter into agreements with a Humm subsidiary for assets and receivables that didn’t exist, has won the right to call in warranties on its $113.7 million investment.
A sacked property finance executive at CBA, who told an unnamed person in the workplace to “calm the f*** down”, has denied his conduct amounted to bullying, claiming swearing was common among his colleagues.
A banking and finance partner who has advised on major infrastructure projects like Melbourne’s Marvel Stadium has made the leap to Thomson Geer from Hamilton Locke.
Two Liberty Steel companies want a case brought in NSW by administrators for collapsed supply chain finance company Greensill to be put on hold while a related case in the UK is on foot.
A court has slapped Qoin cryptocurrency issuer BPS Financial with a $14 million penalty for “serious and unlawful misconduct”, including making misleading statements about the product and providing financial advice without a license.
A financial firm director and brother of breakdancer ‘Raygun’ has pleaded guilty to charges over funds suspected of being the proceeds of crime.
NAB has resolved a case by an employee who alleged an offer to work in the bank’s Pitt St, Sydney branch was rescinded after her boss discovered she was pregnant.
AUSTRAC has ordered Airwallex to appoint an external auditor, amid concerns about the payment platform’s monitoring of suspicious matters.