SYDNEY A prosecution witness in an Australian criminal cartel case against Citigroup Inc and Deutsche Bank AG said on Friday that the banks never colluded, but that he helped a regulator build its case to get immunity.
SYDNEY Bushfires fanned by winds combined into a single giant blaze north of Sydney late on Friday, blanketing Australia's biggest city in hazardous smoke, causing weekend sports games to be cancelled and prompting calls for outdoor workers to stay home. | Video
SYDNEY, Dec 6 A senior JPMorgan Chase & Co
banker spent over a year in meetings with the Australian
antitrust regulator before signing a statement that would be
used to bring criminal cartel charges against two rival banks
and their executives, a court heard on Friday.
SYDNEY JPMorgan Chase & Co began internal discussions that would lead to immunity from prosecution over a troubled Australian capital raising two years before two rivals were charged with criminal cartel behaviour, a court heard on Thursday.
SYDNEY, Dec 5 JPMorgan Chase & Co began
internal discussions that would lead to immunity from
prosecution over a troubled Australian capital raising two years
before two rivals were charged with criminal cartel behaviour, a
court heard on Thursday.
* Has had a better reception than other recent IPOs in
SYDNEY Australia's Westpac Banking Corp offered to refund people who bought new shares weeks before a lawsuit accusing it of millions of breaches of money laundering laws, a move some investors said was to fend off criticism about its transparency.
SYDNEY Two of Australia's top shareholder proxy advisers on Wednesday urged investors to vote out more directors of Westpac Banking Corp after a money-laundering scandal claimed the CEO and chairman of the country's No.2 retail bank.
* Proxy adviser CGI Glass Lewis calls for director Marriott
SYDNEY The chief executive of Australia's Westpac Banking Corp stepped down on Tuesday over a money laundering scandal involving child exploitation, just a day after he told staff it was "not a major issue" and that he intended to stay on. | Video