Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 43 results for %22Cartel%22

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 ...

Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY  |  TUESDAY, 10 MAR 2020
... halted for the rest of the day. Oil markets are crashing at their worst rate since the Gulf War of 1991, after the OPEC cartel failed to agree on supply cuts aimed to address a slump in global demand caused by the COVID-19 outbreak. Russia refused to ...

ACCC denies impropriety

ELIZA BAVIN  |  TUESDAY, 11 FEB 2020
The ACCC has denied acting with impropriety in bringing criminal cartel charges against ANZ, Citigroup and Deutsche Bank. The regulator is being questioned after the Commonwealth brought charges against ANZ, Citigroup and Deutsche Bank following the ...

ACCC immunity deal questioned by court

ELIZA BAVIN  |  FRIDAY, 6 DEC 2019
... derivatives, Richard Galvin, has been forced to answer questions over the immunity deal offered to him by the ACCC over the cartel scandal of 2015. The Commonwealth brought charges against ANZ, Citigroup and Deutsche Bank following an ACCC investigation ...

Major instos hit with cartel class action

ELIZABETH MCARTHUR  |  MONDAY, 27 MAY 2019
... between January 2008 and October 2013. The filing alleges traders from the banks used chat rooms with names such as 'The Cartel', 'The Bandits' Club' and 'The Mafia' to talk to each other in order to coordinate the manipulation of FX benchmark rates ...

ASIC commences civil action against ANZ

KARREN VERGARA  |  MONDAY, 17 SEP 2018
ASIC has commenced civil penalty proceedings against ANZ for its involvement in an alleged criminal cartel relating to a $2.5 billion institutional share placement in August 2015. ASIC alleged ANZ failed to notify the ASX that $791 million of the $2.5 ...