Australia
Aussie banking group handed A$10.5m fine
After its financial product advice was found to be in breach of the Corporations Act
Perpetual buys Sydney and Melbourne-based wealth firm
Deal adds A$915m of funds under advice to the group
Second call for Aussie firms leaving advice market to pay levy
Expecting small companies to fork out on regulatory costs for the ‘sins of the past’ is ‘unconscionable’
Aussie fintech firm rejects second overture
Improved offer from Luxembourg-based would-be acquirer failed to sway the board
Aussie life insurer clients to receive A$35m in compensation
Customers ‘suffered harm’ after they were sold policies over the phone