Edition:
United States

Byron Kaye

Australia watchdog files civil suit against ANZ over 2015 share issue

Sep 14 2018

SYDNEY Australia's corporate watchdog sued Australia and New Zealand Banking Group Ltd on Friday over a troubled A$2.5 billion ($1.8 billion) share placement, flexing its muscle amid criticism levied at regulators for being soft on finance firms.

Australian insurer hired a private eye to surveil mentally ill woman

Sep 13 2018

SYDNEY An Australian life insurer paid a private investigator who covertly filmed a mentally-ill woman eating breakfast, holding hands with her partner and undressing at a swimming pool in a bid to find evidence to avoid paying her claim, an inquiry into finance sector misconduct heard on Thursday.

Australia regulator allowed insurer to avoid fine over misleading ads

Sep 13 2018

SYDNEY Australia's corporate regulator allowed an insurer to make a A$300,000 community donation to resolve cases of misleading advertising which could have drawn fines of up to A$8 million ($5.7 million), an inquiry into financial sector misconduct heard on Thursday.

CORRECTED-Australia regulator allowed insurer to avoid fine over misleading ads

Sep 13 2018

SYDNEY, Sept 13 Australia's corporate regulator allowed an insurer to make a A$300,000 community donation to resolve cases of misleading advertising which could have drawn fines of up to A$8 million ($5.7 million), an inquiry into financial sector misconduct heard on Thursday.

UPDATE 3-Australia's Myer posts first annual loss since IPO amid online exodus

Sep 12 2018

* Myer 2018 net loss A486 mln vs A$11.9 mln profit previously

Australian inquiry brings threat of lawsuits against pension funds

Sep 11 2018

SYDNEY A law firm said on Tuesday it would file class-action lawsuits against Australia's biggest bank and wealth manager seeking "very substantial" damages for allegedly cheating millions of retirees.

Australian insurer tells inquiry broke law governing sales calls

Sep 10 2018

SYDNEY An Australian insurer said on Monday it had committed more than 300,000 criminal breaches when cold-calling customers, as a powerful inquiry into financial industry misconduct turned its attention to the insurance sector.

RPT-Australian inquiry to peer into darkest corners of insurance business

Sep 09 2018

* Powerful Australian inquiry turns to A$46 bln insurance sector

Australian inquiry to peer into darkest corners of insurance business

Sep 07 2018

SYDNEY When Australia's deadliest cyclone in a quarter century ripped through the country's northeast, it blew out the windows of power technician Luke Read's house and flooded it, damaging walls and making his family sick from mould exposure.

Australian inquiry to peer into darkest corners of insurance business

Sep 07 2018

* Powerful Australian inquiry turns to A$46 bln insurance sector

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