ANZ reoffends with NAB in rates racket

ASIC got most of what it wanted from National Australia Bank and ANZ over rate rigging around the bank bill swap rate from 2010 to 2012. The taxed penalty, at A$10 million per bank, is the glaring defect in the ASIC bullying of ANZ and NAB over conduct that Westpac is still defending in the federal court. read more

Balloonist sees red on card fees

Red Balloon Pty Ltd has paid penalties of A$43,200 "following the issue of four infringement notices by the ACCC for alleged breaches of the new excessive payment surcharges laws in the Competition and Consumer Act 2010," the regulator said on Friday. read more