06/23/2020

2 million Aussies at risk of $12k fine

Now, the Australian Tax Office (ATO) is warning it’s closely monitoring those who do choose to withdraw the cash but who aren’t eligible.

06/23/2020

ASIC sues CBA, CFS over RC case

ASIC alleges that more than $22 million in conflicted remuneration was paid by CFSIL to CBA for the distribution of Essential Super, a superannuation product issued by CFSIL.

06/22/2020

Hong Kong Instability Fuels Hiring in Singapore

Julius Baer has been growing our Greater China franchise in Singapore over the past five years, said David Shick, head of private banking for Greater China at Julius Baer without providing any hiring details.

06/22/2020

NAB, Deloitte struggle with Hayne advice compensation

NAB's $2.35 billion wealth remediation program has run into trouble after Deloitte set up a separate low-cost delivery arm staffed by inexperienced graduates banned from saying they work for the big four firm.

06/21/2020

Bank of Baroda closes subsidiary in Ghana

The closure of overseas bank branches is part of government''s plan to rationalise and streamline operations under the reforms agenda for the banking sector approved in 2017 under the then finance minister Arun Jaitley.