ASIC powers beefed up

The Hayne fallout continues, with the introduction into Parliament yesterday of a bill to give ASIC greater powers. read more

Westpac gives SPP applicants an out

Westpac will provide a withdrawal option for share purchase plan applicants who applied for shares under the plan prior to Austrac's launch of court proceedings on November 20. The bank said its move.. read more

Second strike looms for Westpac

The stability of Westpac's board looks more uncertain if investors follow the lead of influential proxy advisors and vote against the election of key directors at the bank's annual general meeting on.. read more

AFG founders sell down

AFG founders and directors Brett McKeon and Malcolm Watkins have sold significant proportions of their holdings in the mortgage aggregator. read more

YBR board survives second strike

The Yellow Brick Road board suffered a "second strike" at its annual general meeting yesterday, when 44.9 per cent of votes were cast against adoption of the remuneration report. read more

Prospa mea culpa

The chair and joint chief executives of small business lender Prospa were contrite at the company's annual general meeting yesterday, offering apologies for the company's failure to meet prospectus fo.. read more

CLH chief makes a sudden exit

The board of receivables management company Collection House appointed its chief executive Anthony Rivas two a second three-year term in June. But yesterday it announced that the CEO has resigned, eff.. read more

Ethical banks thin on the ground

Following news of Westpac's failure to manage risks associated with the processing of cross-border payments, consumers are once again asking where they can find an ethical bank. read more