Professional services (207 items)

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'Harsh' bankruptcy law leaves Great Southern borrowers in limbo

A pair of "Great Southern" borrowers that owed A$1.4 million to Bendigo and Adelaide Bank will linger in bankruptcy years longer than the conventional three years, following a late intervention by the bank. An appeal to the Full Court of the Federal Court of Australia has upheld an earlier decision, an outcome labelled as "the result of an uncritical assimilation in the Bankruptcy Act of personal insolvency agreements with compositions." read more

Barclaycard transformer joins NAB crew

The churn in the highest ranks at National Australia Bank may abate, with the selection of three new faces for the bank's management committee. The new CTO and new chief lawyer bring an abundance of recent, relevant experience, while the third new face - a former state premier picked to run NAB's institutional banking - brings colour and controversy along with conjecture they may be a future CEO. Patrick Wright, from Barclaycard, is the big name hire and the most significant of the three executives announced yesterday. read more

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