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Clouds build as AMP faces three potential shareholder class actions
Class Actions April 23, 2018 6:06 pm By Miklos Bolza

Law firms Quinn Emanuel, Slater & Gordon and Shine Lawyers said Monday they were all weighing potential shareholder class actions against AMP after damaging revelations […]

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ASIC gets new powers amid shock admissions at Royal Commission
Securities April 20, 2018 3:03 pm By Cat Fredenburgh

Banks face increased fines for corporate wrongdoing under reforms that also boost the powers of the watchdog amid stunning admissions by financial services firms at […]

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ASIC confirms AMP probe, as Morrison warns of jail time
Financial Services April 18, 2018 6:29 pm By Christine Caulfield

The corporate regulator has confirmed it is investigating AMP over its ‘fees for no service’ practice revealed at the Hayne Royal Commission in stunning testimony […]

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S&P analysts take stand in class action trial
Class Actions April 17, 2018 8:07 pm By Miklos Bolza

Two high ranking analysts from S&P Global have distanced themselves from the decision making process behind healthy ratings given to toxic financial products at the […]

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ANZ to pay $3M after ASIC probe
Financial Services April 6, 2018 10:07 pm By Christine Caulfield

Australia and New Zealand Banking Group Limited has agreed to pay $3 million after an ASIC investigation found it failed to provide annual reviews to […]

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ACCC says MYOB bid for Reckon raises competition concerns
Financial Services March 29, 2018 10:56 am By Cat Fredenburgh

The Australian Competition and Consumer Commission has raised concerns about MYOB’s proposed bid for Reckon’s accounting unit, saying it could substantially lessen competition in the […]

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Insurers could be next target of unfair contract law expansion
Financial Services March 23, 2018 9:06 pm By Cat Fredenburgh

The Australian government is mulling whether to extend unfair contract laws to insurance contracts, Finance Minister Kelly O’Dwyer said. Speaking before the Financial Services Council […]

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Banks slammed for uncompetitive mortgage pricing
Financial Services March 15, 2018 1:32 pm By Cat Fredenburgh

Australia’s largest banks are weak when it comes to offering competitive prices on residential mortgages, Australia’s consumer regulator said Thursday in the first review undertaken […]

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AMP denies committing a crime, defends Clayton Utz report
Financial Services May 4, 2018 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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Brennar resigns, GC out amid Clayton Utz report controversy
Financial Services April 30, 2018 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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