Westpac Banking Corp staff inappropriately gave personal financial advice when m...
FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia's Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray
By “closing” sales and getting customers to transfer pension money in the same phonecall, “there was an implied recommendation ... that the customer should accept the service”, the three judges wrote in a ruling published on Monday. The Federal Court appeal tribunal dismissed an earlier court ruling that Westpac’s advice was only “general” and therefore allowed.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK lawmakers call for action on banks, Big Tech to avoid IT failuresBritish regulators should impose higher levies on banks if they need more resour...
Read more »
More of Florida’s former felons may finally get to voteMany ex-felons owe more than they could ever repay, and were therefore still unable to vote in Florida
Read more »
Days and nights of rage in ChilePresident Sebastián Piñera sent the army onto the streets for the first time since Augusto Pinochet's dictatorship
Read more »
China central bank official says commercial banks should step up blockchain applicationCommercial banks should step up their application of blockchain technology to em...
Read more »
Explainer: What is China's Communist Party plenum?The elite Central Committee of China's ruling Communist Party will hold a c...
Read more »
Ruling liberal candidate Martinez leading Uruguay election: media pollsRuling liberal coalition candidate Daniel Martinez is leading the Uruguay electi...
Read more »