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Commonwealth Bank whistleblower's case set to settle

Commonwealth Bank whistleblower's case set to settle

Dr Benjamin Koh's claim for unfair dismissal in the Federal Court is likely to settle in the next few days.

  • by Cara Waters

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'It’s gone. All of it’s gone': royal commission turns its focus to small business
Banking royal commission

'It’s gone. All of it’s gone': royal commission turns its focus to small business

A host of shattered small business aspirants appeared before the banking royal commission this week.

  • by Jessica Irvine
AMP faces third shareholder class action
Banking royal commission

AMP faces third shareholder class action

Shine Lawyers filed a statement of claim in the Federal Court, alleging AMP engaged in misleading and deceptive conduct.

  • by Simone Ziaziaris
How $31 billion accidentally ended up on Macquarie Group's account
Banking royal commission

How $31 billion accidentally ended up on Macquarie Group's account

Under fire for a series of payment blunders, it has now emerged Deutsche Bank mistakenly wired billions to Macquarie as collateral for a derivatives trade.

  • by William Canny
Foreign banks flex muscles in Australia as locals reel from scandals
Analysis
Big four

Foreign banks flex muscles in Australia as locals reel from scandals

Foreign banks are circling Australia once more as they bet on resources and infrastructure investment gathering pace.

  • by Sumeet Chatterjee & Paulina Duran
Westpac's decision to fight ASIC pays off
Regulation

Westpac's decision to fight ASIC pays off

The judge's ruling in Westpac's BBSW case is sufficiently mixed and fuzzy for both parties to be able to claim partial victories.

  • by Stephen Bartholomeusz
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'One rule for bosses, another for staff': Union attacks NAB bonus cuts
Banking royal commission

'One rule for bosses, another for staff': Union attacks NAB bonus cuts

The Finance Sector Union seizes on an executive saying the false witnessing of documents was a 'cultural' issue as it demands lighter penalties for planners.

  • by Clancy Yeates
Deutsche Bank to slash thousands of jobs to control costs
Sharemarket

Deutsche Bank to slash thousands of jobs to control costs

The cuts will cost the bank some $1.2 billion this year.

AMP appoints new general counsel to replace Salter
Banking royal commission

AMP appoints new general counsel to replace Salter

AMP secretary and general counsel, governance, David Cullen, will immediately step into the role.

  • by Simone Ziaziaris & Luke Costin
Westpac conduct 'unconscionable' but didn't rig rate, court finds
Updated
Interest rates

Westpac conduct 'unconscionable' but didn't rig rate, court finds

The Federal Court has found Westpac engaged in unconscionable conduct, but dismissed allegations of market manipulation against the bank.

  • by Clancy Yeates
Small business misery poses  dilemma for reformers
Opinion
Banking royal commission

Small business misery poses dilemma for reformers

The stories outlined at the royal commission underline the difficulty of balancing credit and risk.

  • by Elizabeth Knight