Ben Butler

Ben Butler

Courts

Caymans court lambastes former BHP chief Brian Gilbertson

Ben Butler Former BHP chief has been blasted for pursuing a years-long legal 'vendetta'.

Prime Trust

Prime Trust director Peter Clarke gave false evidence

Peter Clarke.

Ben Butler and Vanessa Desloires Liberal Party powerbroker Peter Clarke has admitted giving untrue evidence under oath during a lawsuit that found he and others who controlled $500 million retirement village flop Prime Trust...

Courts

Road to courts paved with gold, but there's a crackdown looming

Illustration: Simon Bosch.

Ben Butler Ben Butler poses a vexing question: Who is winning out of litigation funding - businesses, investors or just lawyers?

Timbercorp investors dig in on loan repayments

Timbercorp

Ben Butler Investors in Timbercorp say they will fight 'increasingly unreasonable' legal attempts to force them to repay money they borrowed to put into the failed forestry company.

Fraud

Bendigo Bank subsidiary Rural Bank and three of its senior executives have been accused of complicity in an elaborate fraud

Farm gate

Ben Butler Bendigo Bank subsidiary Rural Bank and three of its senior executives have denied accusations they were complicit in an elaborate fraud allegedly used to steal a database worth as much as $100...

Financial advice industry

Ord Minnett used loophole to reap fees otherwise banned under FOFA rules

Ord Minnett CEO Tim Gunning.

Adele Ferguson and Ben Butler Ord Minnett, run by the former head of the Commonwealth Bank's scandal-ridden advice division, Tim Gunning, used a loophole to reap fees that would otherwise have been against the law.

Courts

Court orders Walton Construction liquidators to stand down

Scales of justice.

Ben Butler Court orders Stirling Horne and two colleagues to be removed as liquidators of alleged phoenix builder.

Banking

CBA promises better-educated financial planners

narev

Ben Butler Commonwealth Bank has promised to lift educational standards among its financial planners.

Advice

Commission payments could undermine financial advice: financial system inquiry

Rio Tinto is under pressure to close a loophole in its executive remuneration policy.

Ben Butler The existence of ''conflicted remuneration'' – where advisers receive payment tied to the sale of a particular product – undermines the financial advice system, the financial system...

Insolvency

Liquidators hunt for alleged Centaur Litigation Ponzi scheme boss Scott Williams

Thailand

Ben Butler The Australian man alleged to be behind globe-spanning Ponzi scheme Centaur Litigation has disappeared in south-east Asia.

Banking

Deja vu as CBA taps Callinan for panel on planning scandal

CBA and logo.

Ben Butler and Adele Ferguson The CBA has turned to former High Court judge to deal with the fallout from a scandal.

Regulation

Senate stall on advice rules

Financial planning

Gareth Hutchens and Ben Butler The Abbott government has held off tabling its watered-down financial advice rules in the Senate as it seeks to use the coming days to lobby new Palmer United Party senators for support for the...

Mathias Cormann threatens super funds if FOFA bid fails

Ben Butler Gareth Hutchens Finance Minister Mathias Cormann has threatened to target industry super funds if the Senate behaves as expected and throws out regulations watering down protection for consumers of financial advice.

Regulation

Mathias Cormann threatens super funds if FoFA bid fails

Mathias Cormann.

Ben Butler and Gareth Hutchens Finance Minister Mathias Cormann has threatened to target industry super funds if the Senate behaves as expected and throws out regulations watering down protection for consumers of financial advice.

Nationals John Williams calls for a royal commission into white collar crime in wake of Commonwealth Bank scandal

John Williams.

Adele Ferguson, Ben Butler The Nationals senator key to last week's bombshell report into fraud, forgery and a cover-up in the financial planning division of the Commonwealth Bank has called for a royal commission on white...

Banking

Commonwealth Bank's Ian Narev fast to rise, but slow to move

CEO of The Commonwealth Bank Ian Narev

Ben Butler and Eric Johnston Although each crisis is different, ultimately for banks trading on trust, the response needs to be severe.

Scandal

CBA sorry 'too little, too late'

Comm Bank: 030714: AFR News: 3rd of July 2014: CEO of The Commonwealth Bank Ian Narev faces questions at a press conference at the bank’s Sussex St offices in Sydney, responding to pressure for a Royal Commission into the banks behaviour with investors money. Photo by James Alcock.

Adele Ferguson and Ben Butler A bid by Commonwealth Bank chief executive Ian Narev to defuse the financial planning scandal engulfing the bank by ''unreservedly'' apologising and opening a compensation scheme to up to 400,000...

Absent

CBA's Ian Narev on holiday while planning scandal boiled over

Commonwealth Bank chief executive Ian Narev.

Ben Butler The Commonwealth Bank’s $7.8 million-a-year chief executive, Ian Narev, was in Indonesia on a family holiday during the financial planning crisis that has gripped Australia’s biggest...

Inquiry

Treasurer Joe Hockey hoses down CBA royal commission calls

Treasurer Joe Hockey says the financial planning problems at the Commonwealth Bank are not systemic in the industry.

Ben Butler and Nassim Khadem Treasurer Joe Hockey has signalled he may not be in favour of a royal commission into Commonwealth Bank over financial planning misconduct.

Scandal

CBA chief Ian Narev silent on financial planning crisis week whereabouts

Mystery: CBA chief Ian Narev has refused to divulge his whereabouts.

Ben Butler Mystery surrounds the whereabouts of Commonwealth Bank chief executive Ian Narev during the financial planning crisis that has gripped Australia’s biggest financial institution for the past...