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Commonwealth Bank to pay $25 million to settle rate rigging case
Financial Services 2018-05-09 2:39 pm By Christine Caulfield

Commonwealth Bank has agreed to pay $25 million to settle claims by the securities regulator that it manipulated the bank bill swap rate. As part […]

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AMP’s three female non-executive directors step down
Financial Services 2018-05-08 6:16 pm By Christine Caulfield

Facing shareholder wrath in the wake of the Royal Commission’s damning revelations, AMP’s three female non-executive directors stepped down on Tuesday. Board members Vanessa Wallace […]

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Judge signs off on QBE’s $133M class action settlement
Class Actions 2018-05-07 9:19 pm By Miklos Bolza

A Federal Court judge has given the all-clear to a $132.5 million offer by QBE to settle a class action by shareholders angry about a […]

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AMP denies committing a crime, defends Clayton Utz report
Financial Services 2018-05-04 2:30 pm By Christine Caulfield

AMP has shot back at Royal Commission findings that it committed a criminal offence over its fees-for-no-service scandal and has defended a report prepared by […]

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MyBudget skimmed interest off hard-up customers, court hears
Class Actions 2018-05-03 10:40 pm By Miklos Bolza

MyBudget has exploited tens of thousands of customers already in financial difficulty and owes them interest on money they entrusted to the debt management company, […]

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Commonwealth Bank admits data breach of 20 million accounts
Privacy & Cybersecurity 2018-05-03 2:30 pm By Christine Caulfield

Commonwealth Bank of Australia has confirmed a breach of data affecting nearly 20 million accounts, but said Thursday there was no evidence that customers’ details […]

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Financial complaints board takes shape
Competition & Consumer Protection 2018-05-02 4:36 pm By Cat Fredenburgh

The Australian Financial Complaints Authority is gearing up for a launch later this year, with four new board members announced this week. The Hon Kelley […]

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AMP’s Salter denies misconduct, says he learnt of ousting from ASX
Legal Ethics 2018-04-30 9:47 pm By Christine Caulfield

AMP’s general counsel Brian Salter says he did not know he was sacked until he read the company’s announcement to the Australian Stock Exchange on […]

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StatePlus employment case could get “ugly” at trial, judge warns
Employment 2018-04-30 8:19 pm By Miklos Bolza

An employment dispute between financial advisory StatePlus and former program and project manager Mark Lawson has been ordered into mediation, with a Federal Court Judge […]

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Brennar resigns, GC out amid Clayton Utz report controversy
Financial Services 2018-04-30 12:01 pm By Christine Caulfield

AMP’s chairwoman Catherine Brennar has resigned and the firm’s general counsel has left, as the company faces possible criminal charges for misleading the corporate regulator […]

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