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Australia's Westpac cleared of rate rigging but bank inquiry sword stays
The bank also contravened its financial services obligations through inadequate procedures and training the judge added. This is a very significant and positive outcome for the integrity of Australias financial markets an ASIC spokesman said.
UPDATE 1-New Zealand probes financial sector oversight after Australian scandals
SYDNEY May 24 Reuters - New Zealand regulators on Thursday asked the chief executives of life insurers operating in the country including AMP to demonstrate they do not struggle with the same conduct risks as their Australian counterparts. The Reserve ...
Australia's 5 richest men are worth $30 billion more than the 5 wealthiest women
Its been a good year for Western Australian miner Gina Rinehart with a lift in commodity prices adding more than 2 billion to her personal fortune taking it to 12.68 billion according to the 2018 Financial Review Rich List. Packaging scion Anthony ...
Australia's RBA head warns about Chinese debt - Australian Financial Review
Australias Reserve Bank of Australia head Philip Lowe spoke on Wednesday about the hazards posed to Australia from China due to the interconnected nature of their economies as noted by the Australian Financial Review. Lowe has appealed for calm over ...
Australian Government Backs Fintech HashChing with $700,000 Loan from Jobs NSW
Jobs for NSW is helping some of our brightest business people overcome barriers to finance its about making smart ... loan from over 550 community rated mortgage brokers across Australia. Launched in August 2015 HashChing reports it now has ...
Australia's Suncorp tells inquiry of negligent lending, defends repayment pursuit
SYDNEY Reuters - Australias Suncorp Group Ltd SUN.AX told a powerful inquiry into financial sector misconduct on Friday that it had extended loans negligently in some cases but that it acted fairly in pursuing customers struggling to make repayments.
Deutsche Bank job cuts being felt from Britain to Australia
In Australia Deutsche this week laid off a handful of corporate finance specialists including head of metals and mining Richard Gannon and head of infrastructure and utilities Andrew Martin according to a second person. Deutsche declined to comment.
Australia's central bank chief warns over China debt risk
Among the largest economic risks that Australia faces is something going wrong in China he said during a speech in Sydney on Wednesday evening. And perhaps the single biggest risk to the Chinese economy at the moment lies in the financial sector and ...
Australian Digital Platform Afterpay Makes U.S. Debut With Urban Outfitters, Anthropologie, & Free People
Afterpay listed on the Australian Securities Exchange in May 2016 ... for millennials who are reluctant to use credit cards and other forms of traditional finance. The service is also appealing to retailers and brands as it helps to increase conversion ...
Netherlands, Australia hold Russia responsible in MH17 downing
Dutch Foreign Minister Stef Blok said the Netherlands and Australia would seek unspecified financial damages. Blok said that attempts to hold Russia responsible for the planes downing under international law would be a different parallel process from ...
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