'Not good policy making': Banks slam rushed executive crackdown
The Bankers Association says seven days is not enough time to review the Federal Government's proposed executive accountability regime, but the Treasurer argues they are just trying to stall reform.
View ArticleConsumers 'gouged' by gas companies, ACCC launches price crackdown
The competition watchdog will attempt to avert an 'energy crisis' by cracking down on the prices that gas companies are charging customers.
View ArticleLabor defends campaign against John O'Sullivan's bid to lead ASIC
Shadow treasurer Chris Bowen defends Labor's efforts to discredit banking executive John O'Sullivan, who had sought to take over as head of the corporate regulator.
View ArticleFormer Goldman Sachs banker announced as new ASIC boss
The Federal Government scrambles to appoint former Goldman Sachs banker James Shipton to replace Greg Medcraft as chairman of the Australian Securities and Investments Commission.
View ArticleBitcoin trading app Plus500 faces litigation over 'rigging' claims
The Bitcoin and commodity trading app Plus500 is facing a class action lawsuit in the UK over claims the platform is rigged against users.
View ArticleBitcoin one step closer to being regulated in Australia
Australia may be the next country to pass laws regulating Bitcoin and digital currencies, in an effort to curb money laundering and terror financing.
View ArticleANZ settles interest rate rigging case just before trial begins
ASIC and ANZ Bank have settled an interest rate rigging case just as the trial was about to start.
View ArticleThe verdict: ASIC boss needed to be tougher on big business
As Greg Medcraft's term as ASIC's chairman comes to an end, he leaves behind a legacy of not being tough enough on big business — especially the "big four" banks.
View ArticleANZ and NAB settlement talks delay trial, Westpac 'ready to go'
ANZ and NAB are given more time to finalise settlement agreements, as the Federal Court agrees to adjourn rate-rigging trial.
View ArticleWestpac to fight rate-rigging case alone, ANZ and NAB settle
Westpac Bank has resisted pressure to settle its rate-rigging case, and will contest ASIC's charges in court.
View ArticleTelstra to compensate 42,000 customers for slow NBN speeds
Following an ACCC investigation, Telstra has admitted it may have contravened the Australian Consumer Law, and will compensate 42,000 customers who experienced slow NBN speeds.
View ArticleOptus admits customers may have been overcharged for NBN speeds
Optus is the latest telco to offer compensation to customers for slow NBN speeds, following Telstra's admission it may have breached Australian Consumer Law.
View ArticleNAB may join CBA under spotlight over money laundering, counter terrorism...
Following the CBA money laundering scandal, NAB has put its hand up to say it is investigating issues and the outcome is "uncertain".
View ArticleTabcorp-Tatts $11bn merger approved by Competition Tribunal again
Tabcorp's merger with Tatts has been given the green light — one year after the companies announced their intention to join forces.
View ArticleBitcoin almost at $US10,000 record, as digital currency 'bubble' grows
Bitcoin is approaching a fresh record of $US10,000, and has already eclipsed the value of Fortune 500 giant, Wal-Mart.
View Article'More please' say NSW residents on first day of container deposit scheme
Regional New South Wales residents say they support the container deposit scheme but want to see more facilities available.
View ArticleOptus to compensate 8,700 customers for slow NBN speeds
The telco admits it is likely to have breached the Australian Consumer Law and will compensate 8,700 NBN customers who got less than they bargained for.
View Article'Are you ready to turn off?: Energy watchdog ready to pull trigger to prevent...
Australia's energy watchdog today came close to triggering one of its emergency measures to prevent summer blackouts, contacted at least one South Australian company to tell it to be prepared to...
View ArticleACCC blocks BP's Woolworths service station takeover
The competition watchdog will oppose the sale of more than 500 Woolworths-owned service stations to rival BP, amid concerns it would push up petrol prices.
View ArticleACCC takes Optus to court for allegedly misleading 20,000 customers
For the second time this week, Optus is in trouble with the ACCC. This time, the telco is being sued for misleading and pressuring customers to sign up for the NBN sooner than they needed to.
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