All posts tagged "unconscionable conduct"
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177Australia & NZWestpac Insider Trading Case May Not Be Heard Until 2023
A proposed February 2022 trial date will not be feasible as Westpac will have to be allowed sufficient time to review expert evidence.
August 2, 2021 -
274Australia & NZASIC Files Suit Against Westpac for Alleged Insider Trading
ASIC says Westpac traded interest rate derivatives to pre-position itself while knowing it would be selected to execute a A$12bn interest rate swap hours later.
May 6, 2021 -
190Australia & NZASIC Commences Legal Proceedings Against NAB Over Unlawful Fees
ASIC says NAB charged some customers periodic payment fees when they were entitled to an exemption, and charged other customers the wrong fee.
February 27, 2021 -
696Australia & NZAustralian Federal Court Fines OTC Derivative Issuers A$75m
The three OTC derivatives issues are now in liquidation and have also been ordered pay ASIC's costs and to refund approximately 10,000 former clients, on top of the penalties.
October 22, 2020 -
816Australia & NZCourt Orders ANZ To Pay A$10m Penalty Over Unlawful Fees
The case, launched by ASIC in July 2019, related to periodic payment fees ANZ was not entitled to charge under its terms and conditions.
October 6, 2020 -
460Australia & NZ
ASIC Launches Court Proceedings Against NAB Over Service Fees
NAB is alleged to have broken the law more than 12,000 times by charging customers fees for no service and issuing defective fee disclosure statements.
December 18, 2019 -
729Australia & NZ
ASIC Takes ANZ Bank to Court for Unlawful Fees
ANZ charged fees on transactions between its customers' own accounts, despite the fees only being applicable to transactions made to "another person or business".
July 26, 2019 -
1.1KAustralia & NZ
Australian Court Orders A$3.3mn Penalty for Westpac BBSW Misconduct
The penalty is far less than the combined A$125mn that NAB, ANZ and CBA paid to settle their own BBSW cases with ASIC out of court.
November 12, 2018
