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ASIC secures $160m in remediation over junk credit insuranceBY ALLY SELBY | THURSDAY, 14 MAY 2020 12:23PM
ASIC has announced it has secured $160 million in remediation for consumers sold junk credit insurance from 11 major banks and lenders between 2011 and 2018.
Read more: ASIC, Karen Chester, ANZ, Australian Central Credit Union, Bank of Queensland, Bendigo and Adelaide Bank, Citigroup, Commonwealth Bank, Credit Union Australia, Latitude Finance Australia, NAB, Suncorp-Metway, Westpac
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The Queensland-headquartered asset manager has appointed a general manager for capital solutions, and an investment director in its state investments team.
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