Law firm Maurice Blackburn Lawyers has launched a class action in the Federal Court in Sydney against Thorn Australia Pty Ltd, which trades as Radio Rentals. read more
Professional services (207 items)
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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
Martyn Wild, chief investment officer of Westpac's BT arm is the subject of allegations of personal misbehaviour at work toward two female staff. read more
Wells Fargo is slicing a total of US$32 million from eight of its top executives pay, axing cash bonuses and cutting long-term performance share awards in an effort to restore investor and customer confidence. read more
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
CommInsure, the insurance arm of Commonwealth Bank, has paid more than A$2.5 million to 17 eligible customers previously declined trauma claims, but the bank's board said it was "satisfied that there is not a culture of avoiding or wilfully denying claims." read more