2016 a wake up call on executive pay
Global investment funds say 2016 should serve as a wake-up call for Australian boards on the issue of executive pay, with some company executives paying themselves too well.
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Georgia Wilkins
'An invitation for shonks and sharks': ASIC deregulates finance startups
Consumer groups have slammed a decision to allow financial businesses to set up and operate unlicensed for 12 months.
CBA lifts variable rates for property investors
The Commonwealth Bank of Australia has become the latest bank to raise interest rates for property investors, blaming higher funding costs and regulatory requirements.
ASIC bans former ANZ financial planner
A former ANZ financial planner has been banned from providing financial services for five years after he was found to have created false documents.
Travel insurer soar after news of Zurich takeover offer
Shares in Australian travel insurance provider Cover-More have surged more than 40 per cent on the back of a $741 million takeover offer by global insurance giant Zurich Insurance Group.
Jobs to go as IAG cuts $250 million over three years
IAG has confirmed it will cut jobs as part of a plan to strip $250 million from the business over the next three years
Cover-up culture plaguing corporate Australia, inquiry told
A cover-up mentality is plaguing corporate Australia, an inquiry has heard, with companies choosing to investigate claims of fraud themselves rather than report them to regulators.
CBA's compensation bill rises as new victims emerge
The Commonwealth Bank has been forced to pay a further $4.96 million in compensation to victims of bad financial advice as a result of being slapped with licence conditions by the corporate regulator.
AMP shakes up management after massive losses
AMP has shaken up its management team in the wake of escalating losses in its life insurance division.
ASIC bans former Westpac financial planner
A former Westpac financial planner has been banned from providing financial advice for eight years after an investigation found he gave clients inappropriate advice, costing the bank $1.1 million.
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