Showing 1 to 12 of 20 results
ANZ Bank to Pay Record $240M Fine for Widespread Misconduct
ANZ Bank will pay a record $240 million penalty for widespread misconduct, including unconscionable conduct in a government bond deal, failing to assist customers in financial hardship, making misleading statements about interest rates, and failing to refund fees to deceased customers' accounts.
ANZ Bank to Pay Record $240M Fine for Widespread Misconduct
ANZ Bank will pay a record $240 million penalty for widespread misconduct, including unconscionable conduct in a government bond deal, failing to assist customers in financial hardship, making misleading statements about interest rates, and failing to refund fees to deceased customers' accounts.
Progress
32% Bias Score
Australian Businessman Fined, Banned After Company's $800 Million Share Crash
Australian businessman Nickolas "John" Karantzis was fined $1 million and banned from being a company director for six years, while his former company, iSignthis, received a $10 million penalty for breaching disclosure laws following a major share price crash and investigations into his business pra...
Australian Businessman Fined, Banned After Company's $800 Million Share Crash
Australian businessman Nickolas "John" Karantzis was fined $1 million and banned from being a company director for six years, while his former company, iSignthis, received a $10 million penalty for breaching disclosure laws following a major share price crash and investigations into his business pra...
Progress
56% Bias Score
ASIC Pressures Commonwealth Bank on Low-Income Customer Fee Refunds
ASIC is urging the Commonwealth Bank to refund excessive bank fees charged to low-income customers after other banks refunded $60 million; CBA argues fees were disclosed but ASIC may pursue court action, prompting CBA to consider goodwill payments.
ASIC Pressures Commonwealth Bank on Low-Income Customer Fee Refunds
ASIC is urging the Commonwealth Bank to refund excessive bank fees charged to low-income customers after other banks refunded $60 million; CBA argues fees were disclosed but ASIC may pursue court action, prompting CBA to consider goodwill payments.
Progress
52% Bias Score
Gardener Loses \$80,000 in Superannuation Scandal
A Brisbane gardener lost \$80,000 in the First Guardian Master Fund superannuation scandal, forcing her to delay retirement and impacting her mental health, as part of \$1 billion in total losses for 6,000 investors, while fund directors spent millions on luxury items.
Gardener Loses \$80,000 in Superannuation Scandal
A Brisbane gardener lost \$80,000 in the First Guardian Master Fund superannuation scandal, forcing her to delay retirement and impacting her mental health, as part of \$1 billion in total losses for 6,000 investors, while fund directors spent millions on luxury items.
Progress
36% Bias Score
Dutch Government Collapses Amidst Immigration Dispute, Snap Election Looms
The Dutch government collapsed after anti-Muslim politician Geert Wilders withdrew from the ruling coalition over immigration policies, triggering a snap election expected around October and delaying defense spending decisions. This coincides with ASIC launching legal action against Westpac's RAMS h...
Dutch Government Collapses Amidst Immigration Dispute, Snap Election Looms
The Dutch government collapsed after anti-Muslim politician Geert Wilders withdrew from the ruling coalition over immigration policies, triggering a snap election expected around October and delaying defense spending decisions. This coincides with ASIC launching legal action against Westpac's RAMS h...
Progress
44% Bias Score
ASIC Sues Macquarie Bank for Alleged 14-Year Misreporting of Short Sales
ASIC is suing Macquarie Bank for allegedly misreporting the number of short sales traded over 14 years, following multiple regulatory actions in the past year; the potential fine could exceed $700 million.
ASIC Sues Macquarie Bank for Alleged 14-Year Misreporting of Short Sales
ASIC is suing Macquarie Bank for allegedly misreporting the number of short sales traded over 14 years, following multiple regulatory actions in the past year; the potential fine could exceed $700 million.
Progress
52% Bias Score
ASIC Investigates $1 Billion Australian Superannuation Scheme for Fraud
ASIC is investigating a $1 billion Australian superannuation scheme involving five men, including financial planner Ferras Merhi, for potential fraud after 12,000 investors lost money due to misleading marketing and misappropriation of funds by the fund managers.
ASIC Investigates $1 Billion Australian Superannuation Scheme for Fraud
ASIC is investigating a $1 billion Australian superannuation scheme involving five men, including financial planner Ferras Merhi, for potential fraud after 12,000 investors lost money due to misleading marketing and misappropriation of funds by the fund managers.
Progress
60% Bias Score
\$13.5 Million Lost in Alleged Ponzi Scheme
Perth businessman Graeme Sansom lost \$13.5 million in a private investment scheme allegedly run by Chris Marco, who is on trial for defrauding investors of \$36.4 million by using new investors' money to pay returns to existing investors.
\$13.5 Million Lost in Alleged Ponzi Scheme
Perth businessman Graeme Sansom lost \$13.5 million in a private investment scheme allegedly run by Chris Marco, who is on trial for defrauding investors of \$36.4 million by using new investors' money to pay returns to existing investors.
Progress
40% Bias Score
ASIC Orders \$93 Million Refund to Low-Income Customers from Australian Banks
Australian banks will refund \$93 million to over 770,000 low-income customers after an ASIC investigation found they were wrongly charged high fees despite eligibility for cheaper accounts; ANZ will pay the most at \$47.9 million, followed by Westpac at \$9.9 million, while CBA made prior goodwill ...
ASIC Orders \$93 Million Refund to Low-Income Customers from Australian Banks
Australian banks will refund \$93 million to over 770,000 low-income customers after an ASIC investigation found they were wrongly charged high fees despite eligibility for cheaper accounts; ANZ will pay the most at \$47.9 million, followed by Westpac at \$9.9 million, while CBA made prior goodwill ...
Progress
48% Bias Score
ASIC Sues Westpac's RAMS for Systemic Misconduct in Home Loans
ASIC is suing Westpac's RAMS home loans for "systemic misconduct," including submitting fake payslips and altering customer data to secure loans, resulting in approximately \$7.6 million in compensation to 48 customers following an internal Westpac review.
ASIC Sues Westpac's RAMS for Systemic Misconduct in Home Loans
ASIC is suing Westpac's RAMS home loans for "systemic misconduct," including submitting fake payslips and altering customer data to secure loans, resulting in approximately \$7.6 million in compensation to 48 customers following an internal Westpac review.
Progress
24% Bias Score
Bitmain Launches High-Efficiency Antminer S23 Amidst Tariff Pressures
Bitmain launched the Antminer S23, its most efficient bitcoin miner yet, offering three models with hashrates ranging from 318 to 442 TH/s and power efficiencies below 10 W/TH; the launch comes as the company seeks to mitigate the impacts of tariffs by expanding its US manufacturing capacity, and of...
Bitmain Launches High-Efficiency Antminer S23 Amidst Tariff Pressures
Bitmain launched the Antminer S23, its most efficient bitcoin miner yet, offering three models with hashrates ranging from 318 to 442 TH/s and power efficiencies below 10 W/TH; the launch comes as the company seeks to mitigate the impacts of tariffs by expanding its US manufacturing capacity, and of...
Progress
40% Bias Score
ASIC Sues Macquarie Group for Failing to Report Billions in Short Sales
Australia's corporate regulator, ASIC, launched a second legal action against Macquarie Group this week, alleging the $82 billion financial giant failed to report 73 million to 1.5 billion short sales between 2009 and 2024 due to systemic issues, highlighting potential widespread failures within the...
ASIC Sues Macquarie Group for Failing to Report Billions in Short Sales
Australia's corporate regulator, ASIC, launched a second legal action against Macquarie Group this week, alleging the $82 billion financial giant failed to report 73 million to 1.5 billion short sales between 2009 and 2024 due to systemic issues, highlighting potential widespread failures within the...
Progress
56% Bias Score
Showing 1 to 12 of 20 results