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Asia Times

Asia Times

Covering geo-political news and current affairs across Asia

Tag: Commonwealth Bank

Posted inAustralia, Oceania

Oz banks boost funds to repay cheated customers

by AT Contributor October 8, 2019February 18, 2020

Australia’s ANZ Bank said Tuesday its half-year cash profit would take a Aus$559 million ($376 million) hit as a result of reimbursing customers for unfair fees and dodgy financial advice. The bank, one of Australia’s four largest financial institutions, has now set aside a total of Aus$1.1 billion in remediation costs in the 2018 and […]

A woman walks in front of an ANZ bank sign in the central business district of Sydney on August 12, 2014. Photo: AFP/Peter Parks
Posted inAustralia, Oceania

Payback time for Australia’s corrupt banks

by Alan Boyd February 4, 2019February 18, 2020
Nicole Rose, CEO of Australia's financial intelligence agency AUSTRAC, speaks at a press conference in Melbourne on Monday.
Photo: AFP/ William West
Posted inAustralia, Oceania, World

Biggest Australian bank agrees to pay record $700m fine

by Asia Times staff June 6, 2018February 18, 2020

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