An Australian financial planner has been jailed and permanently banned from providing financial services after pleading guilty to stealing more than A$2.3m (£1.3m, $1.7m, €1.5m) from a nurse to fund his lavish lifestyle.
The National Australia Bank Group, one of the country’s big four banks, has restructured its high net worth (HNW) business, which will see its private banking arm renamed NAB Private.
The Australian Government has announced a full scale review of the country’s main financial regulator to assess its performance and see whether it has adequate capabilities and systems.
Aviva Investors has sold its Australian equity management business to nabInvest.
Clydesdale Bank International, the National Australia Bank Group division that opened a deposit-taking arm on Guernsey in April, reported “significant growth” in the third quarter of 2009, even as ban
