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Showing 361 - 370 of 683 results for "Proceedings"

Chief economist update: Fed pause could be a short one

BENJAMIN ONG  |  FRIDAY, 1 NOV 2019
... strong labor market, and inflation near our 2% objective" - that justifies his forward guidance to a pause in rate cut proceedings. Given latest data and developments, it's looking a lot like a short pause. This is because, in Powell's own word ...

ASIC wins appeal against Westpac companies

KANIKA SOOD  |  MONDAY, 28 OCT 2019
... only had the licence to provide general advice and not personal advice. And so, it initially launched civil penalty proceedings against the two Westpac subsidiaries in December, 2016. The Federal Court handed down its judgment in January this year, with ...

Westpac takes $1 billion profit hit

ELIZA BAVIN  |  THURSDAY, 24 OCT 2019
... to these matters," the bank said in its release. "Any enforcement action against Westpac may include civil penalty proceedings and result in the payment of a significant financial penalty, which Westpac is currently unable to reliably estimate." The ...

Colonial First State hit with second class action in less than a week

ELIZA BAVIN  |  MONDAY, 21 OCT 2019
... of the law and it should be held to account and required to compensate its members." CBA said it acknowledges that proceedings have been filed in the Federal Court and are reviewing the claim. On Thursday last week, CFS was hit with a class action from ...

Retail fund faces class action on MySuper

ELIZABETH MCARTHUR  |  THURSDAY, 17 OCT 2019
... what has happened with CFS." A CBA spokesperson responded to the class action: "CBA acknowledges that class action proceedings have been filed by Maurice Blackburn in the Federal Court of Australia against Colonial First State Investments Limited (CFSIL) ...

Federal Court delivers APRA, IOOF verdict

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2019
... allegations were misconceived. Kelaher and Vernados later stepped down from their respective roles to focus on defending the proceedings.

Finance cheats more likely to cheat: Study

ELIZABETH MCARTHUR  |  FRIDAY, 23 AUG 2019
... marital bounds. Financial advisers with misconduct associated with customer disputes, employment separation, regulatory proceedings, and criminal violations were all found to be more likely to use Ashley Madison than their misconduct-free counterparts. ...

ASIC accelerates enforcement

ELIZABETH MCARTHUR  |  MONDAY, 19 AUG 2019
... the Office of Enforcement is open for business. From January to June 2019, 10 individuals were charged in criminal proceedings brought by ASIC, 70 criminal charges were laid, six people were imprisoned and six received non-custodial sentences. About ...

Lloyds, pension fund pay $250m settlement

JAMIE WILLIAMSON  |  FRIDAY, 26 JUL 2019
... its subsidiary, Scottish Widows, reached a final settlement with Standard Life Aberdeen in relation to arbitration proceedings, with Lloyds Banking Group and Scottish Widows to pay $250 million (?140 million) compensation. The arbitration was the result ...

ASIC slams consumer credit failures

HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
... ASIC has flagged could lead to enforcement action. ASIC said it would reveal the identities of those suspects should proceedings commence. Additionally, the regulator will begin consultation to ban unsolicited outbound CCI sales over the phone. The practice ...