AFP adds to calls for greater whistleblower protections
Foreign bribery scandals involving Australian companies would "most likely not be detected at all" without company insiders blowing the whistle, the Australian Federal Police has warned.
Foreign bribery scandals involving Australian companies would "most likely not be detected at all" without company insiders blowing the whistle, the Australian Federal Police has warned.
The executive responsible for managing $34 billion of investments in Westpac's wealth management business, Martyn Wild, left the company abruptly on Friday following a series of allegations about inappropriate behaviour towards two female staff.
The nation's largest bank raised borrowing costs for owner-occupiers and property investors just hours after rate hikes from Westpac and ANZ.
Westpac's wealth management division has shrugged off "intense" regulatory scrutiny of the financial advice and life insurance sectors, saying it is on track to deliver growth in these areas.
The company behind consumer finance group Radio Rentals is expecting to be hit with civil penalties over alleged breaches of responsible lending rules.
Medibank has hit back against claims it mislead and deceived consumers by secretly changing some of its policies, saying it has "always been very clear with members".
The chief executive of Mercer, one of Australia's biggest super fund administrators, has urged small funds to merge with bigger funds or risk folding in the next 12 months.
The Commonwealth Bank of Australia is severing its relationship with mortgage brokers who fail to sign up enough customers to their home loans.
Bank staff have reported pressure to "not rock the boat" by calling out unethical or unlawful behaviour, the union representing finance workers says.
Bank staff would have to act in a "fair and ethical manner" without engaging in "pressure sales techniques" under a new code of conduct proposed by an industry-led review.
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