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

Search Results

Showing 21 - 30 of 43 results for "Cartel"

Priestley resigns from ASX, Future Fund boards

KANIKA SOOD  |  TUESDAY, 19 JUN 2018
... resigned from the boards of the Australian Securities Exchange and the Future Fund following the ACCC pursuing a criminal cartel conduct investigation. Announcing his decision, Priestley said the ACCC banking matter may become a "potential distraction" ...

Charges laid in ANZ criminal cartel conduct case

KANIKA SOOD  |  TUESDAY, 5 JUN 2018
Six senior executives from ANZ, Deutsche Bank and Citigroup will face a Sydney Court next month after the Commonwealth Director of Public Prosecutions (CDPP) laid charges against the cohort today. Executives facing criminal conduct charges have been ...

ANZ, Deutsche and Citigroup under investigation for alleged cartel conduct

KANIKA SOOD  |  FRIDAY, 1 JUN 2018
ANZ is being investigated for alleged criminal cartel conduct during an August 2015 institutional share placement, the bank and the Australian Competition and Consumer Commission (ACCC) confirmed this morning. The ACCC said it expects the Commonwealth ...

ANZ and Macquarie fined for cartel conduct

DARREN SNYDER  |  THURSDAY, 15 DEC 2016
The Federal Court granted ANZ and Macquarie's wishes to pay fines totaling $15 million for attempted cartel conduct in 2011. As suggested to the court, ANZ will pay $9 million - admitting it engaged in 10 instances of attempted cartel conduct in contravention ...

ACCC slams Macquarie and ANZ for cartel conduct

ALEX BURKE  |  FRIDAY, 25 NOV 2016
... The Australian Competition and Consumer Commission is commencing proceedings against ANZ and Macquarie Bank for attempted cartel conduct. ANZ and Macquarie co-operated with the ACCC's investigation, and the parties have agreed that the court will be ...

Mark Dunsford attacks FSC over life reforms

JAMIE WILLIAMSON  |  THURSDAY, 1 SEP 2016
... are designed purely to benefit life companies and banks. In an open letter to Loane, Dunsford accused her and the FSC of cartel-like behaviour, saying "the cartel of life insurance companies and banks that you lead is a disgrace, and is no different ...

Economic Wrap

ALEX DUNNIN  |  THURSDAY, 4 AUG 2016
Why Australia's banks passed on only half this week's rate cut Australia's banks are being heavily criticised for not passing on the full effect of this week's rate cut to consumers in lower mortgage rates. But with almost 60% of bank funding coming ...

The GFC is still among us: Varoufakis

LAURA MILLAN  |  WEDNESDAY, 2 DEC 2015
... reindustrialised and France was given the opportunity to administer the whole thing." This is why Vaoufakis argued that "The EU was a cartel. Its first name was European Community of Coal and Steel. Its bureaucracy was not designed as a government; it ...

Oil price shock, nice

BENJAMIN ONG  |  TUESDAY, 13 JAN 2015
... the early 70's and 80's when oil prices soared. Ahh yes, those were the days of global tension and hatred for the OPEC cartel and their oil embargo. The jump in crude prices from below US$5.00 a barrel to US$15.50 in 1973 induced a US recession, a stock ...

Oil slide, CEO pay and that "income recession"

BENJAMIN ONG  |  THURSDAY, 11 DEC 2014
... growth, I'll be a mug to predict where prices are headed in the very short-term, especially not when pricing is dictated by a cartel and not pure market fundamentals. Or on the flipside, prices could ramp up just as quickly if and when speculation of ...