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BMW’s finance arm secures order against Forum Group for red Ferrari
Financial Services 2022-07-18 4:32 pm By Christine Caulfield

The finance arm of luxury car maker BMW has been given the greenlight to repossess a red 2019 Ferrari 488 Pista Coupe purchased by alleged […]

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‘No relationship’ with reality: Judge rails against ‘grossly inflated’ security estimate
Financial Services 2022-07-14 5:00 pm By Cindy Cameronne

A judge has slammed a “grossly inflated” estimate of legal costs relied on during a security for costs bid by non-bank lender Aquamore Finance in […]

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Online trader shut down following ASIC probe into ‘concerning consumer losses’
Financial Services 2022-07-14 9:58 pm By Sam Matthews

Online trading platform Trade360 will close shop at the end of the month, following an ASIC investigation that found its representatives at an offshore call […]

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Bank of Queensland hit with first-ever penalty for Consumer Data Right breaches
Privacy & Cybersecurity 2022-07-13 2:11 pm By Sam Matthews

Bank of Queensland is the first bank to be caught for alleged breaches under the new Consumer Data Right scheme, paying a $133,200 penalty. The […]

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Investment manager for Kahlbetzer family sacked after pregnancy announcement: lawsuit
Employment 2022-07-12 4:41 pm By Sam Matthews

An investment consultant at Kahlbetzer family investment vehicle Twynam Investments has filed a lawsuit alleging she was sacked over the phone a month after telling […]

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NAB denies ‘boys club culture’, says exec carried baseball bat as ‘fidget toy’
Employment 2022-07-11 6:50 pm By Cindy Cameronne

The National Australia Bank has denied claims by a former senior employee that she was bullied and paid less than other workers because of her […]

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Citigroup settles $300,000 lawsuit over alleged conflicted financial advice
Financial Services 2022-07-08 2:53 pm By Cat Fredenburgh

Citigroup has resolved a lawsuit alleging it gave a customer conflicted financial advice to invest most of her savings in “risky” products, despite her being […]

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ASIC hits $1 billion ‘licensee for hire’ firm with court proceedings
Financial Services 2022-07-07 1:13 pm By Cindy Cameronne

The Australian Securities and Investments Commission has filed civil penalty proceedings against advisory firm Lanterne Fund Services, alleging it ran a “wholly deficient business”. ASIC […]

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Zeller locked in trade mark battle with finfluencer Victoria Devine
Intellectual Property 2022-07-06 11:45 pm By Cat Fredenburgh

Fintech startup Zeller Technologies has taken millennial financial adviser Victoria Devine to court after she succeeded in quashing its application to trade mark the word […]

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Volt Bank faces class action investigation into fund raising
Class Actions 2022-07-04 10:34 pm By Cat Fredenburgh

Failed neobank Volt is facing an investor class action investigation over representations made in a series of funding rounds that raised $219 million before announcing […]

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