ASIC commissioner Cathie Armour, who is heading up the regulator’s crackdown on alleged bank bill swap rate (BBSW) manipulation, has been reappointed for an additional five years.
Westpac has outlined the cost of the government’s proposed bank levy on its balance sheet and, more importantly for investors, its dividend.
The major banks’ compensation bill for victims of poor advice has increased to $204 million, according to ASIC’s latest update on its ‘fee for no service’ compensation program.
The Supreme Court of NSW has made orders, by consent, for the winding up of Sydney-based trading firm Courtenay House following an application by ASIC.
The two former directors of Avestra Asset Management have been disqualified from managing corporations and restrained from providing financial services for 10 years by the Federal Court.
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