SYDNEY (Reuters) – Australia's largest-listed wealth manager AMP announced the resignations of its chairwoman and legal counsel on Monday, and slashed its directors' fees by a quarter as it races to stem the fallout from damaging revelations of …
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The crisis engulfing wealth manager AMP Ltd. deepened, with Catherine Brenner resigning as chairman after the company admitted misleading the regulator, which may lead to criminal charges. Brenner will be replaced by Mike Wilkins, the former head of Insurance Australia Group Ltd., who is also
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The best reality TV show in Australia right now is the televised hearings of the Royal Commission into Australian banks. The formal public inquiry, led by a retired judge with broad coercive powers, has uncovered a litany of wrongdoing including bribery and fraud rings, poor lending practices, and
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After climbing to records this year, equities in Vietnam, the Philippines and Indonesia are now looking less like the bets that made them global winners. The MSCI Asean Index has dropped 0.5 percent this month and is poised for the third monthly decline and its longest losing streak since an 8.4 percent,
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Malaysia's election will see a sharp rise in multi-cornered contests for individual seats that could hurt the opposition but also make it harder for Prime Minister Najib Razak to secure a two-thirds majority in parliament. Najib Razak. Photographer: Brent Lewin/Bloomberg. Only 30 of the 222 seats in the
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