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17 July 2020 • By Lachlan Maddock • 1 min read

Westpac soul-searching finds serious shortcomings

It’s a new bank making the same old mistakes as an internal review turns up dozens of failings that led to its 23 million breaches of money laundering ...

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CFD trader sued for best interest, conflicted remuneration breaches

The corporate regulator has commenced civil proceedings against a foreign exchange and CFD trader for breaches of conflicted remuneration and best ...

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Westpac cops car loan commission class action

A class action has been filed against the major bank for commissions it paid to car dealers alleged to hit consumers with higher interest rates on ...

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Westpac risk culture 'immature and reactive'

An internal review has found serious shortcomings in how the bank handles non-financial risk in the wake of its 23 million breaches of anti-money ...

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Growth outstrips value: Frontier

Growth-focused equities managers outshone value managers by a considerable margin during the final quarter of the financial year, according to ...

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Government push needed for super fee reform, senator says

The costs of the superannuation system need to be re-examined and funds could be due for a forced market restructure, according to Liberal senator ...

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End is nigh for zombie companies

Government support is hiding the pain, but skyrocketing payment times show that many zombie firms are struggling to keep their heads above water

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GMO announces executive appointments, Usonian acquisition

Global investment manager GMO has announced the appointment of a number of senior executives and the acquisition of Japan equity manager Usonian ...

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First State Super signals rebrand after merger

First State Super has indicated it will be changing its name in mid-September, following its recent merger with VicSuper. First State Super and ...

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Unemployment jumps through June

Unemployment rose through June, but the latest data suggests the cloud might have a silver lining. Unemployment hit 7.4 per cent in June – up from ...

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