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(16 September 2010 – USA) Goldman Sachs is being been sued by three former female employees for gender pay discrimination.
(13 August 2010 − Australia) National Australia Bank has not revealed whether it has made any provisions for possible damages being sort by two aggrieved policy holders against AXA Asia Pacific reportedly worth A$2 billion as part of the bank’s recast bid.
(5 August 2010−Britian) The Financial Services Authority (FSA) has fined the Royal Bank of Scotland £5.6 million for IT system failures that potentially could have lead to terrorist financing.
(4 August 2010−Australia) Paul Aktas, a former real estate agent, has won A$50,000 in damages from Westpac Banking Corporation after the bank mistakenly dishonoured his company’s cheques.
(4 August 2010−Australia) Financial services giant UBS and an adviser are being sued by a Brisbane hairdresser for millions in sharemarket losses.
(11 August 2010 − Australia)The lending practices of the Commonwealth Bank’s subsidiary BankWest has resulted in the bank topping up provisioning by A$212 million and the dismissal of several executives.
(26 July 2010− Australia) Law firm Maurice Blackburn has signed up more than 120 institutional and retail investors for a class action against National Australia Bank over failing to disclose its exposure to A$1.2 billion in collateralised debt obligations.
(19 July 2010 – Australia) Basis Capital has welcomed the news that Goldman Sachs has settled fraud charges in the US for US$500 million (A$627 million), as it pursues its own litigation against the investment bank.
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