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Showing 191 - 200 of 296 results for "Class action"

Outlook darkens for bank stocks

KANIKA SOOD  |  THURSDAY, 31 MAY 2018
Major bank stocks could tumble up to 40% if the correction in the housing market gets more disorderly, UBS analysts led by Jonathan Mott said in a research note dated May 30. However, this "credit crunch" is not yet UBS' base case, even though it ...

AMP Advice risk chief departs

HARRISON WORLEY  |  THURSDAY, 17 MAY 2018
... during the financial advice round of the Royal Commission. Earlier this week AMP was hit with its third proposed class action lawsuit over shareholder losses due to the Royal Commission findings. In other news, digital advice experience AMP Goals 360 ...

AMP hit with another proposed class action

JAMIE WILLIAMSON  |  TUESDAY, 15 MAY 2018
Maurice Blackburn has jumped on the bandwagon, seeking interest to launch a third class action against AMP. Announcing its action today, the law firm is attempting to attract as many AMP shareholders as possible by way of a "market disrupting" commission ...

AMP to fight class actions, prioritise performance

HARRISON WORLEY  |  THURSDAY, 10 MAY 2018
AMP confirmed it will vigorously defend two class action lawsuits brought against it by shareholders in the wake of the Financial Services Royal Commission. In an ASX announcement on the morning of its AGM, AMP stated it had been served with two class ...

S&P reaffirms Sirtex after new offer from Chinese manager

ALEX BURKE  |  TUESDAY, 8 MAY 2018
ASX-listed healthcare firm Sirtex, whose investors include some of Australia's leading fund managers, will remain in the S&P/ASX 200 after its US takeover has been postponed in light of a new offer. Sirtex entered into a trading halt and then announced ...

Former industry fund CEO moves to AMP

DARREN SNYDER  |  FRIDAY, 4 MAY 2018
The former chief executive of an $11 billion industry superannuation fund recently joined AMP in a role that will focus on new and existing group insurance clients. Former Local Government Super chief executive Peter Lambert moved to AMP in April. He ...

S&P to remove ASX healthcare firm from index

ALEX BURKE  |  FRIDAY, 4 MAY 2018
An ASX-listed healthcare firm, currently subject to a potential class action by shareholders which include major Australian asset managers, will be removed from the ASX 200 pending acquisition by a US company. S&P Dow Jones Indices said Sirtex Medical ...

AMP becomes class action target

DARREN SNYDER  |  MONDAY, 30 APR 2018
IMF Bentham is the latest firm to finance proposed class action proceedings against AMP in light of evidence at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. The litigation funding group said it ...

Brenner leaves AMP

JAMIE WILLIAMSON  |  MONDAY, 30 APR 2018
... Brenner said her resignation will act as a step towards restoring trust and confidence in AMP. READ: AMP becomes class action target Commenting, Wilkins said: "The board acknowledges Catherine's leadership and thanks her for her professionalism, integrity ...

CBA denies majority of latest AUSTRAC allegations

KARREN VERGARA  |  FRIDAY, 23 FEB 2018
... 19 million reports to AUSTRAC over the period covered by its claims right until the end of 2017. Referring to the class action commenced by Zonia Holdings on 9 October 2017, CBA said it rejects accusations it failed to disclose material information relating ...