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Showing 451 - 460 of 1607 results for "Investigation"

Bernie Madoff dies in prison

ELIZABETH MCARTHUR  |  THURSDAY, 15 APR 2021
The architect of the largest Ponzi scheme in US history has died in prison aged 82. Bernie Madoff had been serving his sentence at FMC Butner, an administrative security federal medical centre for male offenders located in North Carolina, at the time ...

Goldsky director charged

ELIZABETH MCARTHUR  |  TUESDAY, 13 APR 2021
... Exchange Commission filed a civil suit against Goldsky Asset Management and Grace in 2018 after ASIC assisted in its investigation.

Junk insurance lands Westpac in court

KARREN VERGARA  |  THURSDAY, 8 APR 2021
... covered by its AFSL were provided efficiently, honestly and fairly," court documents read. The action follows ASIC's investigation of 11 major banks and other lenders selling junk insurance. ASIC deputy chair Karen Chester said the investigations in ...

CBA to pay $7m for overcharged interest

ANNABELLE DICKSON  |  THURSDAY, 8 APR 2021
... interest rates on business overdraft accounts than what it advised its customers over a four-year period. Following an investigation by ASIC, CBA admitted to false or misleading representations and engaged in misleading and deceptive conduct over to ...

Credit Suisse confirms multibillion-dollar loss

JAMIE WILLIAMSON  |  WEDNESDAY, 7 APR 2021
... report, with the executive team having waived its bonuses for the 2020 financial year. Credit Suisse has launched an investigation into the hedge fund matter and another into Greensill Capital. Both investigations are to be undertaken by third parties. ...

ASIC sues CBA over monthly fees

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
... "ASIC does not allege that any of the contraventions were deliberate. CBA has co-operated fully with ASIC during its investigation, however it does not accept the way that the alleged contraventions have been formulated in the proceedings and therefore ...

ASIC drops Caddick charges

ELIZABETH MCARTHUR  |  TUESDAY, 30 MAR 2021
ASIC has dropped all 38 charges it was pursuing against missing woman and self-proclaimed financial adviser Melissa Caddick. The regulator was pursuing criminal charges against Caddick, who has been missing since November last year. The charges included ...

Brian Hartzer to release leadership book

ELIZABETH MCARTHUR  |  TUESDAY, 23 MAR 2021
... he said he learnt the engagement lessons through trial and error. Hartzer resigned from Westpac after an AUSTRAC investigation found that the bank had failed to comply with anti-money laundering and counter-terrorism laws. "Because of the circumstances ...

ANZ, CBA settle class action

ANNABELLE DICKSON  |  MONDAY, 22 MAR 2021
... million penalty, $15 million to a financial consumer protection fund and $5 million to ASIC for its litigation and investigation costs. ANZ also settled court action with ASIC in 2017 for a confidential and in-principle agreement and in 2018, Westpac ...

APRA closes Westpac probe

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
APRA has closed its investigation into possible breaches of the Banking Act 1959, including the Banking Executive Accountability Regime (BEAR), by Westpac. APRA launched the investigation into Westpac last year following allegations by AUSTRAC that ...