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NAB says sorry after bruising week at Royal Commission
Financial Services 2018-08-09 10:45 pm By Christine Caulfield

National Australia Bank has issued a public apology after evidence this week at the Banking Royal Commission revealed the bank charged fees for no service […]

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Radio Rentals may have ducked credit obligations with ‘strange’ contracts, court told
Class Actions 2018-08-09 9:35 pm By Miklos Bolza

A barrister for a class action against Radio Rentals has told the Federal Court the company’s “strange” lease contracts may have been worded to avoid […]

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S&P settlement approved despite ‘extraordinarily large’ funder fee
Class Actions 2018-08-09 9:34 pm By Miklos Bolza

A judge has given the green light to a settlement of six class actions against ratings agency S&P Global and ANZ Bank over toxic financial […]

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Fitch class action can probe rosy ratings of Sigma Finance
Class Actions 2018-08-08 10:50 pm By Miklos Bolza

The lead applicant in an investor class action against Fitch Ratings will get its hands on internal reports detailing why the agency assigned a Triple […]

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Westpac dodges ASIC bid for rogue trader chatter
Financial Services 2018-08-07 9:46 pm By Christine Caulfield

The corporate watchdog can’t get its hands on documents detailing Westpac’s disciplinary measures against rogue traders or communications between the employees ahead of a penalty […]

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ASIC to embed corporate cops in big four banks
Financial Services 2018-08-07 2:02 pm By Cat Fredenburgh

The Australian Securities and Investments Commission will get a $70.1  million boost to fight corporate wrongdoing as part of a funding package that includes a […]

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$39M in settlements reached in class actions against Sandhurst Trustees
Class Actions 2018-08-03 11:26 pm By Cat Fredenburgh

Settlements totaling $39 million have been reached in two class actions against the former trustee of failed investment groups LKM Capital and GR Finance. The […]

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Slater & Gordon auditor faces second class action
Securities 2018-08-03 10:57 pm By Cat Fredenburgh

Former Slater & Gordon auditor Pitcher Partners has been hit with a class action alleging it signed off on an overly rosy 2015 year-end financial […]

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Fate of CBA class actions on the line as GetSwift appeal looms
Class Actions 2018-07-31 1:24 pm By Miklos Bolza

Lawyers for two competing class actions against the Commonwealth Bank of Australia over breaches of anti-money laundering laws say the cases can happily co-exist, but […]

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Lawsuits pile up against Macquarie over financial adviser commissions
Financial Services 2018-07-31 11:48 am By Christine Caulfield

Macquarie Bank is facing a fourth lawsuit by a group of former financial advisers alleging it breached the Fair Work Act by denying them regular […]

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