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25 November 2019 • By Lachlan Maddock • 1 min read

Westpac circles the wagons

Westpac has launched an $80 million response to AUSTRAC’s allegations, but APRA might want a piece of the pie. The bank’s response plan, announced ...

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Chinese investors abandon ASX, super funds double down

New data has shown Chinese sovereign wealth and pension funds have halved their investment in ASX 200 companies in the last five years, while local ...

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ANZ, Westpac face junk insurance class actions

Slater and Gordon has launched two class actions against ANZ and Westpac over consumer credit insurance. The law firm alleged ANZ and Westpac have ...

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ISA pushes for payday super

The current superannuation payment system means that Australians are missing out on billions in unpaid super, according to Industry Super chief Bernie ...

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Morningstar: Charges are ‘final straw’ for Westpac stewardship rating

Morningstar has downgraded their stewardship rating for Westpac after the bank breached money laundering laws 23 million times. Westpac’s ...

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Dead Aussies charged fees due to ‘complexity’, says AMP CEO

The boss of AMP Australia has provided a one-word response for the reason why the embattled wealth manager continued charging Australians for life ...

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IOOF yet to cough up remediation

IOOF chief Renato Mota has disclosed the wealth giant is yet to start paying an estimated $183 million in remediation to its customers

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Westpac ‘truly sorry’ about failures linked to child sex abuse

The major bank’s chairman has said the possibility that any child has been hurt as a result of the bank’s failings is “deeply distressing”

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IFM tight-lipped on exec pay amid sexual harassment case

The CEO of IFM Investors has refused to talk about how much fund managers and executives are paid during a heated discussion before a parliamentary ...

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Westpac banks most wealthy customers out of big 4

New data has shown Westpac has the largest proportion of high-net-worth individuals (HNWs) out of the four major banks, with 35.6 per cent of its ...

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