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Australia"s AMP mislead corporate watchdog for almost a decade-inquiry

SYDNEY (Reuters) - Australia's largest wealth manager AMP Ltd lied to the country's corporate watchdog for almost a decade to cover its widespread practice of charging customers for services it did not provide, an inquiry heard on Tuesday......»»

Category: topSource: reutersApr 16th, 2018

Australia"s AMP mislead corporate watchdog for almost a decade-inquiry

SYDNEY (Reuters) - Australia's largest wealth manager AMP Ltd lied to the country's corporate watchdog for almost a decade to cover its widespread practice of charging customers for services it did not provide, an inquiry heard on Tuesday......»»

Category: topSource: reutersApr 16th, 2018

Australia"s AMP misled corporate watchdog for almost a decade: inquiry hears

SYDNEY (Reuters) - Australia's largest wealth manager AMP Ltd lied to the country's corporate watchdog for almost a decade to cover its widespread practice of charging customers for services it did not provide, an inquiry heard on Tuesday......»»

Category: topSource: reutersApr 16th, 2018

Australia watchdog files civil suit against ANZ over 2015 share issue

Australia's corporate watchdog sued Australia and New Zealand Banking Group Ltd on Friday over a troubled A$2.5 billion ($1.8 billion) share placement, flexing its muscle amid criticism levied at regulators for being soft on finance firms......»»

Category: topSource: reutersSep 14th, 2018

Australia vows crackdown on corporate misconduct as bank inquiry claims AMP scalp

Australia vows crackdown on corporate misconduct as bank inquiry claims AMP scalp.....»»

Category: topSource: reutersApr 20th, 2018

Australian bank charges dead client service fee for a decade

An Australian government inquiry has heard that financial advisers working for Australia's largest bank continued charging clients service fees after they died — in one case for more than a decade......»»

Category: topSource: foxnewsApr 19th, 2018

Australian watchdog wants a regulator for Google, Facebook

Australia's competition watchdog on Monday recommended tougher scrutiny and a new regulatory body to check the dominance of tech giants Facebook Inc and Alphabet Inc's Google in the country's online advertising and news markets......»»

Category: topSource: moneycentralDec 10th, 2018

Australia"s Ruling Party Seeks to Shut Revolving Door of Prime Ministers

Australia’s ruling party, trailing in polls ahead of elections next year, moved to stamp out the internal coups that have become a feature of the country’s modern politics and helped deliver six prime ministers in about a decade......»»

Category: asiaSource: wsjDec 4th, 2018

Australia"s bank chiefs to face the music as misconduct inquiry wraps up

The CEOs of Australia's top banks and wealth manager will testify at a public inquiry into financial-sector misconduct in two weeks of hearings starting on Monday, in the final stages of a year-long process that looks set to transform the industry......»»

Category: topSource: reutersNov 15th, 2018

Securities lending boom sparks concerns on returns and voting

Securities lending by investment funds has reached its highest level in a decade, as demand for corporate bonds surged more than 30 percent over the past 18 months and short selling of Tesla and Alibaba shares reaches a frenzy......»»

Category: topSource: reutersNov 8th, 2018

Australian watchdog approves Nine network, Fairfax merger

Australia's competition watchdog has approved the proposed merger of television network Nine Entertainment and newspaper publisher Fairfax Media into a media giant to be known only as Nine......»»

Category: topSource: foxnewsNov 7th, 2018

The Wall Street Journal: Investigation into Interior Secretary Zinke referred to Justice Department

The Interior Department’s internal watchdog has referred an investigation into Secretary Ryan Zinke to the Justice Department, a person briefed on the matter said Tuesday, possibly prompting a criminal inquiry......»»

Category: topSource: marketwatchOct 31st, 2018

Fortress Facebook Is Suddenly Vulnerable

One of the best corporate success stories of the last decade now faces a lot that could go wrong......»»

Category: topSource: washpostOct 30th, 2018

World stocks head for worst losing streak in over half a decade

Global stocks slid lower on Friday and were set for their worst week in more than five years, as anxiety over corporate profits added to fears about global trade and economic growth. Laura Frykberg reports......»»

Category: topSource: moneycentralOct 26th, 2018

World stocks head for worst losing streak in over half a decade

Global stocks slid lower on Friday and were set for their worst week in more than five years, as anxiety over corporate profits added to fears about global trade and economic growth. Laura Frykberg reports......»»

Category: videoSource: reutersOct 26th, 2018

World stocks head for worst losing streak in over half a decade

Global stocks slid lower on Friday and were set for their worst week in more than five years, as anxiety over corporate profits added to fears about global trade and economic growth......»»

Category: topSource: reutersOct 26th, 2018

Australia Securities Watchdog Halts ICO Seeking to Raise $50 Million

An Australian ICO project planning raise up to $50 million has been halted by the country's securities regulator......»»

Category: forexSource: coindeskOct 22nd, 2018

Institutional investors turn their backs on Australian banks

Investors are turning against Australia's big banks as earnings tumble, growth plans are abandoned, and fee income cut in the fallout from a powerful financial sector misconduct inquiry and more challenging economic conditions......»»

Category: topSource: reutersOct 21st, 2018

Australia"s ANZ fired senior executives due to bad banking behavior: CEO

Australia and New Zealand Banking Group fired over 200 staff for wrongdoing, including senior executives, due in part to issues raised at a public inquiry into financial sector misconduct, ANZ Chief Executive Shayne Elliott said on Friday......»»

Category: topSource: reutersOct 11th, 2018

EU bank watchdog examining Danish handling of Danske

Denmark's financial watchdog faces an inquiry by the European Union's banking supervisor into how it supervised Danske Bank , which last week said it was being investigated by the U.S. Department of Justice over alleged money laundering......»»

Category: topSource: reutersOct 8th, 2018

Beth Israel-Lahey mega-merger could face restrictions, state says

The largest health care merger Massachusetts has seen in over a decade could face additional restrictions after the state’s health care watchdog asked both the attorney general and the Department of Public Health to take a closer look at the deal. .....»»

Category: topSource: bizjournalsSep 27th, 2018