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Westpac slams ASIC for ’19th century approach’ to home loans
Financial Services May 6, 2019 8:35 pm By Miklos Bolza

Banking giant Westpac has criticised the Australian Securities and Investments Commission’s old fashioned approach to home loan serviceability, saying its own complex system is more […]

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ASIC pares claims against Westpac on eve of trial
Financial Services May 3, 2019 11:45 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has narrowed its case against Westpac ahead of a high-stakes trial over the bank’s alleged violations of lending laws, […]

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Judge approves 30% step-up commission in RMBL class action
Class Actions May 3, 2019 11:05 am By Cat Fredenburgh

A judge has signed off on common fund application in a consumer protection class action against mortgage lending and investment firm RMBL Investments under which […]

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AMP faces class action as Slater & Gordon’s ‘Get Your Super Back’ campaign heats up
Financial Services May 2, 2019 11:59 pm By Christine Caulfield

AMP is set to be the next target of a $1 billion class action blitz by Slater & Gordon on behalf of superannuation members, facing […]

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Ashley Services class action settles for $14.6M
Class Actions May 2, 2019 12:58 pm By Cat Fredenburgh

Private training company Ashley Services and auditors Deloitte and Grant Thornton will pay a combined $14.6 million to settle a shareholder class action, and IMF […]

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ASIC to face off against Westpac after judge ripped up $35M settlement deal
Financial Services May 2, 2019 9:22 pm By Cat Fredenburgh

The Australian Securities and Investments Commission will gets a chance on Monday to prove its claims that Westpac breached responsible lending laws by providing unsuitable […]

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Judge signs off on Halifax liquidators’ plan to email creditors
Restructuring & Insolvency May 1, 2019 10:12 pm By Cat Fredenburgh

Creditors of defunct stockbroker Halifax Investment may soon get emails from the company’s liquidators, after a judge signed off on their request to keep creditors […]

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IOOF chair told APRA conflicts of interest were ‘a bit of a non-event’
Financial Services April 30, 2019 5:42 pm By Christine Caulfield

The former chairman of troubled IOOF told APRA during a review meeting that he “struggled” to think the wealth manager had any conflicts of interest […]

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Forex trader Berndale Capital placed into receivership
Restructuring & Insolvency April 26, 2019 12:48 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has won its bid for a court order placing Melbourne-based forex trader Berndale Capital into receivership for allegedly failing […]

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Funder in class action against RMBL wants 30% commission if case drags on past August
Class Actions April 23, 2019 9:13 pm By Christine Caulfield

The litigation funder backing a consumer protection class action against mortgage lending and investment firm RMBL Investments will earn a step-up commission of 30% if […]

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