Archived News for Finance Sector Professionals - November, 2015
After going over the files of thousands of clients ripped off in Macquarie Bank’s financial planning scandal, compensation has been awarded to just 163 people — in a process that has been labelled “farcical” and a “catch-22”.
Government finance departments say extensive and superfluous reporting frameworks have pushed them to look for new ways to reduce their “disclosure burden”.
Brazilian mining company Samarco has agreed to a $366 million damage bill after its tailings dam burst, spreading toxic waste over hundreds of kilometres, killing 10 people, and flattening entire villages.
Progress has been made on a $1.7 billion development in western Queensland, which proponents says will see 300 to 400 natural gas wells created, along with 1600 production jobs.
US environmental think-tank, Oil Change International and UK humanitarian think-tank, the Overseas Development Institute, has found the world's biggest economies pay $633 billion a year in subsidies to oil, gas and coal companies.