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After settlement rejected, ASIC takes Westpac case to trial
Financial Services December 10, 2018 1:59 pm By Miklos Bolza

The corporate cop’s case against Westpac over allegedly irresponsible lending practices will go to trial after the Federal Court rejected the bank’s $35 million settlement. […]

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IOOF’s Chairman, CEO step down in wake of APRA action
Financial Services December 10, 2018 2:06 pm By Christine Caulfield

IOOF’s chairman and CEO are stepping down to defend against a Federal Court action by Australia’s financial regulator seeking to have them, along with three other executives of the embattled wealth manager, disqualified from acting as superannuation trustees.

Slater & Gordon looks to bow out of AMP class action beauty parade
Class Actions December 7, 2018 9:55 pm By Miklos Bolza and Christine Caulfield

And then there were four. Plaintiffs law firm Slater & Gordon wants to consolidate its AMP shareholder class action with Maurice Blackburn’s case and hand […]

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IOOF faces action by APRA, potential shareholder lawsuit
Financial Services December 7, 2018 10:51 pm By Christine Caulfield

Australia’s financial regulator is seeking to have top executives and directors of IOOF disqualified from acting as superannuation trustees, the watchdog said Friday, as Shine […]

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Battle to lead AMP action begins, and class members already winners, court told
Class Actions December 6, 2018 10:55 pm By Miklos Bolza

The showdown between five law firms vying to lead a class action over the AMP fees for no service scandal kicked off in the NSW […]

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Ex-RBA official Christian Boillot jailed for 2.5 years over bribery scandal
White Collar December 6, 2018 2:46 pm By Christine Caulfield

Former Reserve Bank of Australia official Christian Boillot was sentenced Thursday to a two and a half years’ suspended jail term over his role in […]

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As AMP royal commission witness retires, class action parade begins
Class Actions December 5, 2018 10:35 pm By Christine Caulfield

AMP’s advice executive Jack Regan, the witness who aired the firm’s fees-for-no-service dirty laundry at the Royal Commission, has retired, a day before five law […]

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ASIC filing puts spotlight on ANZ treasurer in $2.5B capital raising case
Securities December 5, 2018 10:50 pm By Christine Caulfield

ANZ treasurer Rick Moscati was at the centre of a flurry of phone calls and meetings with underwriters and other bank executives on the day […]

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NAB units admit to deceptive conduct in $34M fees for no service case
Financial Services December 5, 2018 10:35 pm By Miklos Bolza

Two NAB wealth management units have admitted to engaging in misleading and deceptive conduct by deducting $34.4 million in fees for services that were never […]

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CBA open to consolidation of dual class actions
Class Actions December 4, 2018 12:11 pm By Miklos Bolza

The Commonwealth Bank of Australia is open to a proposal to consolidate two shareholder class actions filed over alleged breaches of anti-money laundering and counter-terrorism […]

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