Fee disclosure failures see NAB hit with A$18.5m fine
Misleading statements ’caused harm to customers’ says regulator
NAB
-
-
Westpac sells life insurance business for A$900m
While NAB buys Citigroup’s private wealth management arm
-
NAB sale of wealth arm to IOOF approved
A$1.4bn deal could not go ahead until Aussie regulator gave green light
-
NAB sells its New Zealand life insurance business
As part of the deal, the bank enters into a 10-year agreement to refer its customers to the company
-
Aussie wealth firm fined record A$57.5m
After it breached ‘fees for no service’ rules
-
NAB agrees to sell wealth arm for A$1.4bn
It will continue to offer targeted wealth management products and services through JBWere and Nabtrade
-
PEOPLE MOVES: Standard Life Aberdeen, CGWM, Charles Stanley
Changing of the guard at SLA, as Canaccord Genuity Wealth Management names international sales head
-
PEOPLE MOVES: HSBC GAM, Seven Investment Management, IQ-EQ
Asset manager names UK and international chief, as head of intermediary sales leaves investment firm
-
Australian bank employee sacked after falsifying covid-19 test
Company said that ‘reflecting the severity of this matter, the colleague will not be returning’
-
Australia’s NAB to shed wealth arm
But timeline remains uncertain
-
Hermes CEO recognised in New Year’s Honours List
With Hong Kong businessman given a CBE for services to trade and investment
-
Aussie regulator to take NAB to court over fees
Bank has set aside more than A$2bn for customer-related compensation