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| | | Star bond manager Bill Gross has settled a law suit with former employer PIMCO, ending a 15-month legal battle. Gross, 72, sued PIMCO for $US200 million following his abrupt departure from the firm in 2014, claiming that he was forced out so colleagues ... |
| | | | Commonwealth Bank group chief financial officer David Craig will step down from the role at the close of the financial year, with the bank naming his successor. In announcing Craig's retirement, CBA chief executive Ian Narev described him as a linchpin ... |
| | | | A former Macquarie Equities Limited adviser agreed to not provide financial services for four years as part of an enforceable undertaking by ASIC. The regulator determined that Anthony Wilson had failed to comply with financial services laws between ... |
| | | | ASIC's investigation into CommInsure found no evidence of claims managers applying pressure on medical staff to change assessments, although the regulator said claims handling fell short of community expectations. CommInsure employees have been accused ... |
| | | | The Australian and Securities and Investment Commission permanently banned a former Anne Street Partners financial planner for engaging in deliberate acts of dishonesty. Daniel Peter Logan, formerly of Brisbane, failed to comply with financial services ... |
| | | | The SMSF Association is hailing their commitment to "getting the right policy settings for retirement incomes, superannuation and financial services" with the appointment of two high-profile public figures. Former NSW Liberal premier Nick Greiner and ... |
| | | | A senior portfolio manager at Perennial Value Management stepped down from his role and has retired from the industry. Tony Oesterheld joined Perennial in 2007, taking research responsibility for the Tony Oesterheld steels, utilities, building materials ... |
| | | | ASIC has released a report on how large financial advice firms have addressed serious conduct, compliance and customer remediation issues, revealing serious concerns about how the industry has operated over the past five years. The report is part of ... |
| | | | Markets received their regular does of adrenalin again yesterday when the Australian Bureau of Statistics (ABS) released its latest stats on the country's labour market. The seasonally adjusted numbers showed total employment dropped by 6,400 in February ... |
| | | | Investment bank Credit Suisse was slapped with a $170,000 fine from the Australian Securities and Investment Commission for failing to have the appropriate price limits in place across its automated order processing (AOP) systems. The watchdog found ... |
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