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Showing 11 - 20 of 48 results for "Cartel"

CDPP drops cartel charges against ANZ

KARREN VERGARA | MONDAY, 1 NOV 2021

... Director of Public Prosecutions dropped charges against ANZ and an executive for their alleged involvement in a criminal cartel case. The CDPP has let ANZ and group treasurer Rick Moscati off the hook as it discontinued proceedings in relation to all ...

Gauging the Future Fund's MySuper potential

JAMIE WILLIAMSON | MONDAY, 6 SEP 2021

... the back of senator Andrew Bragg's recent paper on the topic. Bragg referred to the current super industry as a "closed cartel" with high fees and low competition. He proposed the Future Fund become the default option for workers, while others looked ...

Bragg renews calls for Future Fund to manage super

KANIKA SOOD | FRIDAY, 20 AUG 2021

... spaced paper titled Competition for Workers' Superannuation characterises the current superannuation system as a "closed cartel" with high fees, low competition, and non-meritocratic fund flows. As a solution, it proposes every standard default superannuation ...

Citi appoints head of global asset managers

ELIZABETH MCARTHUR | THURSDAY, 10 JUN 2021

... role. McLean has been in his current role since 2010. He is one of the bankers facing charges of violating laws to prevent cartel activity in a case brought by the ACCC which is ongoing. In his new position, he will be responsible for the bank's growing ...

LIBOR phased out by year end

ELIZABETH MCARTHUR | FRIDAY, 4 JUN 2021

... interest-rate average calculated from estimates submitted by the largest banks in London. It is open to corruption and cartel behaviour due to the nature of relying on estimates submitted by the big banks in one city. The need to transition away from ...

UBS, Nomura cop fines over bond cartel

KANIKA SOOD | TUESDAY, 25 MAY 2021

UBS, Nomura and UniCredit were fined a total of $585 million by the European Commission for cartel conduct in government bond trading during the GFC. EC says the three investment banks breached antitrust rules through the participation of a group of ...

Chester eyes ASIC chair role

KARREN VERGARA | FRIDAY, 19 MAR 2021

... laundering (AML) activities given so many incidents slip through the cracks. She pointed to the $500 million cocaine drug cartel that was recently thwarted only because of a tip-off received overseas, and Westpac's failure of AML laws 23 million ...

Facebook, Google face crypto class action

ANNABELLE DICKSON | WEDNESDAY, 26 AUG 2020

... alleges the companies breached three provisions of the Australian Competition and Consumer Law including giving effect to a cartel provision in a contract, arrangement or understanding, concerted practice that has the purpose and/or likely effect of ...

Cyber criminals jump on ERS

ELIZA BAVIN | TUESDAY, 4 AUG 2020

Reports of cybercrime increased significantly after the government announced the Early Release of Superannuation (ERS) and JobKeeper schemes, according to the Australian Competition & Consumer Commission. ACCC chair Rod Simms told the joint committee ...

Citi hires new investment banking head from Deutsche

KANIKA SOOD | MONDAY, 20 APR 2020

... and New Zealand from Deutsche Bank Australia, while also announcing new co-heads of local equity capital markets. Alex Cartel was most recently Deutsche Bank Australia's head of investment banking coverage and a managing director. Starting July, Cartel ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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