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Showing 11 - 20 of 130 results for "Corruption"

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... LIBOR is an 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 ...

Westpac consolidates international operations

JAMIE WILLIAMSON  |  WEDNESDAY, 14 OCT 2020
... places it just behind Goldman Sachs and Wells Fargo. Goldman Sachs paid $5.5 billion for its involvement in the 1MDB corruption scandal, while Wells Fargo was fined more than $4 billion over millions of fake bank accounts.

Vanguard launches new ESG offerings

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
... contravenes the principles of the UN Global Compact pertaining to labour rights, human rights, environment and anti-corruption. "In this range, we are focused on delivering funds that screen for the evolving needs and preferences of ESG investors while ...

Disgraced lobbyist charged

ALLY SELBY  |  FRIDAY, 26 JUN 2020
... prior sentence, during which he wrote an autobiographical book about being "America's most notorious lobbyist". The corruption investigation of which he was at the center saw 21 people plead guilty, including two White House officials, an Ohio politician ...

ASIC quietly granted new access to phone taps

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
... would be obtained by ASIC from agencies that have the power to intercept - the state and federal police, ASIO and anti-corruption bodies. An ASIC spokesperson explained the regulator can now receive and use intercepted material for the purpose of an ...

Asia is way forward for global economy: DWS

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2020
... "Then from around 2014 to 2016 there was a contraction in nominal growth as new leaders came in with a focus on anti-corruption and spreading the wealth effect. "So, it's not just about China and how much money can be thrown into infrastructure to get ...

Goldman Sachs $1b corruption bill

ELIZA BAVIN  |  THURSDAY, 16 JAN 2020
... billion blow to its quarterly profit, as the bank foots the litigation bill for its involvement in the ongoing 1MDB corruption scandal. The US-based bank posted quarterly revenue of US$9.96 billion, beating expectations; however the litigation charge ...

Former Goldman Sachs exec charged over $62m bribery

ELIZABETH MCARTHUR  |  TUESDAY, 17 DEC 2019
... scandal. The US Securities and Exchange Commission has brought charges against Leissner for allegedly engaging in a corruption scheme, through which he obtained millions by paying bribes to government officials to secure contracts for Goldman Sachs. ...

US reaches $1bn settlement over 1MDB scam

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 NOV 2019
... Singapore and Luxembourg. The US has now settled to recover USD $700 million (over AUD $1 billion) in assets traceable to corruption involving the sovereign wealth fund. The assets to be recovered are in addition to a $120 million super yacht already ...

Evidence of "pay to play" in US pension consulting

KANIKA SOOD  |  WEDNESDAY, 25 SEP 2019
... managers) and those headquartered in US states with a high concentration of public pension plans and a culture of political corruption. "To help establish a causal link, we use the adoption of the SEC's pay to play rules for investment advisors in 2011. ...