11/24/2014

Alleged Clive Palmer fraud ‘to hit $23m’ over Chinese funds

THE scale of the fraud alleged against Clive Palmer is tipped to almost double to about $23 million, the total amount of Chinese cash ­allegedly siphoned by Mr Palmer and his companies from a bank account set up to fund operations of a port for iron o

11/24/2014

Is the Future Fund falling behind the divestment curve?

When questioned in Parliament on Thursday about why the Future Fund has not divested from fossil fuels, Chairman Peter Costello was quick to respond that the fund’s only mandate is to deliver investment returns.

11/23/2014

Philippine Court asked to seize $2m assets of Arroyo aide

The Office of the Ombudsman has asked a special court to order the seizure of $2 million in alleged illegal assets amassed by a cabinet official and close political ally of former president Gloria Macapagal-Arroyo.

11/20/2014

Westpac moves first on 'terrorist' accounts

Westpac is the last of the four major banks to withdraw from servicing remitters, as concern about reputational risk grows and pressure from big global banks that clear transfers steps up as conflict rages in the Middle East.

11/19/2014

Australia's ANZ bank suspends seven traders

Since mid-2012, ASIC has inquired into possible manipulation of Australia’s benchmark, or BBSW, rates by 14 banks that contributed prices to the rate setting process.

11/19/2014

Arbitration back in the spotlight

It was a full house when global firm Baker & McKenzie hosted the relaunch of the Chartered Institute of Arbitrators (CIArb) Australia NSW Chapter with guest speaker the Hon Murray Gleeson AC

11/19/2014

Banks chase trading cheats with 'fuzzy' surveillance

Stung by billion-dollar fines for malpractice on their trading floors, the world's big banks are using 'fuzzy logic' tools such as relationship mapping and behavioural analytics to read the minds of would-be cheats among their traders.

11/16/2014

PwC nabs another KWM lawyer

Kurdian’s expertise lies in cross-border and domestic M&A and transactional funds work, particularly in the real estate and infrastructure sectors.

11/14/2014

Bank of East Asia bond adds to Basel III universe

The Reg S deal attracted an order book of $4 billion and 200 accounts even after pricing was tightened from an initial range of 300bp over Treasuries to 5bp either side of 275bp over.