Bank News
ASIC rerady to take banks to court for $1b
Saturday November 27, 2010
THE corporate regulator has pitted itself against some of Australia's most prominent banks, unveiling lawsuits that are likely to seek at least $1 billion in compensation for investors in Storm Financial.A timely reminder on binge spending
Saturday November 27, 2010
YOU know, the Reserve Bank could have done everyone a favour with its Scrooge-like interest rate hike earlier this month. Coming just before the silly spending season, it could serve as a timely reminder that debt is still one of the greatest risks facing individuals and the global economy.Irish come seeking the luck of the Aussies
Saturday November 27, 2010
AS IRELAND'S economy lies in tatters and its banks retreat from the brink of collapse, the O'Grady family has discovered that the grass really is greener on the other side.Lenders hit by $1b lawsuit
Saturday November 27, 2010
THREE of Australia's leading banks are facing off against the corporate regulator as it launches a lawsuit seeking at least $1 billion in compensation for investors.Ng's arrest won't help China deals
Saturday November 27, 2010
IT'S Stern Hu Mark II. Another Australian entrepreneur has been jailed without charge in China. The alleged crime, according to John Garnaut, the Herald's correspondent in Beijing, is "misappropriation of company assets".Millions cashless in bank glitch
Saturday November 27, 2010
ONE of Australia's biggest banks is scrambling to process payments to millions of customers, who potentially face days of uncertainty about when they will be able to access their money.Regulator comes out punching, but needs to score a knockout blow
Saturday November 27, 2010
A fter two years of pretty much constant complaint about its handling of Storm Financial, the Australian Securities and Investments Commission came out swinging yesterday.
