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ANZ hit with $900,000 penalty for share placement disclosure failures
Securities 2023-12-08 3:38 pm By Christine Caulfield

ANZ’s failure to disclose a bailout by banks underwriting a $2.5 billion share placement has resulted in a penalty of less than $1 million, ending […]

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Mercer Super agrees to pay $11.3M penalty in ASIC’s first greenwashing case
Financial Services 2023-12-07 1:46 pm By Sam Matthews

Mercer Superannuation has agreed to pay $11.3 million in a case the regulator said was “the first and we hope the last” greenwashing case of […]

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Dick Smith CFO stuck with $57M judgment after High Court revokes special leave
Appeals 2023-12-06 4:54 pm By Christine Caulfield

Former Dick Smith CFO Michael Potts is on the hook for paying $57 million in damages to National Australia Bank after the High Court on […]

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Squire Patton Boggs recruits former Gilbert + Tobin lawyer for financial services team
Financial Services 2023-12-05 2:49 pm By Christine Caulfield

A former Gilbert + Tobin lawyer with over 20 years’ experience advising clients in finance transactions has joined Squire Patton Boggs’ as a partner in […]

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‘We don’t know’ not a reason to block $4.9B Suncorp merger, ANZ says
Financial Services 2023-12-04 11:17 pm By Cindy Cameronne

ANZ has criticised the ACCC’s objection to its planned $4.9 billion merger with Suncorp, arguing before a tribunal that the alleged “uncertain” effects on competition […]

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PwC fined $50,000 over tax leaks scandal
Financial Services 2023-11-28 11:30 pm By Cat Fredenburgh

The group that oversees accountants in Australia and New Zealand has slapped PricewaterhouseCoopers with a $50,000 fine over its tax leaks scandal. In a ruling […]

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Ex-BBY manager charged over $8.4M transfer of client funds before collapse
ASIC 2023-11-28 2:25 pm By Christine Caulfield

A former manager of stockbroking firm BBY Limited is the second senior employee to front court faced with criminal charges following the firm’s failure. Sydney-resident […]

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Online trader Plus500 faces another class action over risky CFDs
Financial Services 2023-11-27 1:16 pm By Christine Caulfield

London-headquartered online trader Plus500 has been hit with a second class action by investors who lost money trading in highly leveraged financial products. The new […]

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Investors lost $500M trading CFDs, new class action alleges
Financial Services 2023-11-27 11:04 am By Cat Fredenburgh

Sydney-based online broker International Capital Markets is facing a class action by inexperienced investors who allegedly lost $500 million in trading risky contracts for difference. Law […]

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CBA reaches settlement in 7-year-old class action by borrowers
Class Actions 2023-11-24 2:43 pm By Cindy Cameronne

A protracted class action against the Commonwealth Bank of Australia brought by borrowers who claimed they were forced to default on their commercial loans has […]

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