05/09/2018
China is in the third year of an ambitious campaign to reduce risks in its financial system stemming from a rapid build-up in debt, which the Bank for International Settlements has warned could lead to a banking crisis.
05/09/2018
“The class action alleges that, amongst other things, AMP breached its continuous disclosure obligations and made misleading statements, causing shareholders significant loss,”
05/07/2018
The bank’s staff count at its sole office in Menara Maxis, Kuala Lumpur, has halved from around 40 last year, the person adds.
05/04/2018
AMP CEO Craig Meller and Chairwoman Catherine Brenner have both quit in recent weeks following disclosures that the firm misappropriated funds of thousands of clients over the last decade by charging them without providing advice, and that it repeatedly l
05/02/2018
“Executives are gone, board members are gone. More will go,” Australian Treasurer Scott Morrison told reporters in Canberra when asked about the APRA report’s implications for the bank.