09/25/2012
They were accused of allowing a unit of the US investment bank Lehman Brothers, the winner of a public auction, to use a tax-free mutual fund to purchase distressed assets.
09/23/2012
Grange Securities, which was bought by Lehman, invested the towns’ money in securities whose value collapsed.
09/18/2012
THE former chief executive of St George Bank, Paul Fegan, has appeared in Federal Court to answer claims he engaged in misleading and deceptive conduct while head of the bank in 2008, in the lead-up to the bank's merger with Westpac.
09/17/2012
"To transfer our intellectual property and grow our business from the New Zealand testing-bed to companies in Australia and Asia, we concluded we needed a major advisory name behind us to open the doors," Mr Kerr says.
09/13/2012
In the case of local branches of foreign banks, that could also include ensuring assets aren't siphoned out of Australia "to the detriment of depositors and other creditors" in the event of problems elsewhere.
09/13/2012
In many cases, the shareholders of banks do not know who are the real owners of the banks, even though banks all are public companies as stipulated by the laws. It is because the banks have changed hands many times.