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An Australian regulator filed a lawsuit against No. 2 lender Westpac Banking Corp over a financial planner it alleges gave poor advice for years, upping its scrutiny of a sector already under fire ...
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, also known as the Banking Royal Commission and the Hayne Royal Commission, was a royal commission established on 14 December 2017 by the Australian government pursuant to the Royal Commissions Act 1902 to inquire into and report on misconduct in the banking, superannuation, and financial ...
Westpac Banking Corporation, also known as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales. [ 2 ] Established in 1817 as the Bank of New South Wales , it acquired the Commercial Bank of Australia in 1981 before being renamed to Westpac Banking Corporation ...
The Treasury Building, Canberra The PwC tax scandal was a scandal involving PwC's abuse of Australian Government secrets to enrich itself and its corporate clients.. PwC, and other Big Four accounting firms, give advice to governments on writing tax law, and also corporations seeking to avoid those laws.
Morgan was made an Officer of the Order of Australia in the Australia Day Honours of 2009 by the Federal Government for his service as a leader in the development of policies for the financial sector. These policies affected the regulation of financial institutions, corporate social responsibility, and economic reform.
On 26 January 2016, Joss was named a Companion of the Order of Australia for eminent service to business and finance through executive roles with major banking institutions, and as a contributor to taxation policy and reform, to education as an academic and administrator, to professional organisations, and to the community. [7]
Westpac acquired Challenge Bank in 1995, Bank of Melbourne in 1997, and St George Bank in 2008. [ 13 ] In 2017, Peter Costello said that the advantage of having big banks under the four pillars policy was stability, which he attributed to Australia faring well during the 2007–2008 financial crisis .
The bank transferred its ATM service desk from HP Enterprise Services in Adelaide to ITS in Sydney in March 2012. The bank will change from NCR and Diebold ATMs to Wincor Nixdorf ATMs over the coming years. The bank is the only financial services organisation to appear in the Dream Employers' top 20 list of preferred employers for 2010 and 2011.