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IOOF board faces ASIC action – 9 December 2018
The board of IOOF faces potential enforcement action from the corporate regulator as investigations continue on breaches of director’s duties to act in the best interest of super members.
https://www.afr.com/business/banking-and-finance/ioof-board-faces-asic-action-20181209-h18wky
Freedom Insurance shares halved on liquidity warning – 6 December 2018
Due to ASIC is investigating Freedom’s insurance alleged mis-selling of life insurance products to vulnerable customers, their products and potential breaches of laws, Freedom may face a liquidity shortfall.
Lock him up, Trump says of his ex-lawyer – 5 December 2018
US President Donald Trump has called for a “full and complete” sentence for his former lawyer Michael Cohen. Cohen is scheduled to be sentenced on December 12 after pleading guilty on Thursday to tax evasion, making false statements to a bank, campaign finance violations, and lying to the US Congress.
https://www.sbs.com.au/news/lock-him-up-trump-says-of-his-ex-lawyer
A corporate travel scandal at NAB is reportedly looking at more than $110 million worth of trips – 5 December 2018
Rosemary Rogers, the former chief of staff to three NAB CEOs, has had her bank accounts frozen as part of an ongoing investigation by the NSW Crime Commission, over potential kickbacks from a corporate travel company, The Australian reports it involves up to $113 million worth of company trips.
