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TIMELINE-Class action lawsuits, divestments dominate Australian banks in 2020

By Reuters Staff 5 Min Read Dec 28 (Reuters) - Australian banking regulators tightened their grip around the “Big Four” in a year beset with numerous class action lawsuits - some stemming from a 2019 investigation into the industry - record fines and divestitures. Below is a timeline that tracks developments in the Australian banking sector in 2020 and steps taken by lenders to stay afloat as credit losses and impairment charges spiked from the COVID-19 pandemic. Jan. 22, 2020: Law firm Maurice Blackburn files a class action lawsuit against two entities of National Australia Bank on behalf of more than 330,000 account holders for alleged breaches in pension laws.

Papua new guineaNew zealandRashmi ashokBrian hartzerSameer manekarMaurice blackburnPeter kingSriraj kalluvilaBig fourThomson reuters trust principlesZealand banking groupAustralian prudential regulation authorityInvestments commissionCommonwealth bankNational australia bankAustralia federal court

Australia shares fall as COVID-19 restrictions return

Travel stocks fall on new virus curbs NZ’s a2 Milk sinks on H1 revenue outlook cut (Updates to close) Dec 18 (Reuters) - Australian shares fell more than 1% on Friday, their most so far in December, as a new coronavirus cluster in Sydney revived movement curbs and dimmed hopes of a speedy economic recovery. The S&P/ASX 200 index declined 1.2% to finish the day at 6,675.50. However, for the week, it added 0.5% in its seventh straight weekly gain. Sydney, Australia’s largest city, has detected a new virus cluster, putting the states back on alert and raising concerns about the faster-than-expected recovery projections made just a day earlier.

New zealandNew south walesSameer manekarSubhranshu sahuBig fourMichael mccarthyThomson reuters trust principlesInsurance groupThomson reuters trustபுதியது ஜீலாந்துபுதியது தெற்கு வேல்ஸ்அதே மனேகர்பெரியது நான்குமைக்கேல் ம்க்கார்தீதாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்காப்பீடு குழு

UPDATE 1-NZ s a2 Milk trims revenue outlook on weak informal China demand, shares plunge

UPDATE 1-NZ s a2 Milk trims revenue outlook on weak informal China demand, shares plunge
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

New zealandNikhil kurian nainanSameer manekarHimani sarkarThomson reuters trust principlesThomson reuters trustபுதியது ஜீலாந்துநிகில் குரியன் நைனன்அதே மனேகர்ஹிமானி சர்க்கார்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை

Rio Tinto taps insider Stausholm for CEO in surprise pick after cave destruction

Rio Tinto taps insider Stausholm for CEO in surprise pick after cave destruction
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

New south walesPeter cunninghamSonali paulStephen coatesNikhil nainanRashmi ashokSameer manekarJean sebastien jacquesJakob stausholmThomson reuters trust principlesRio tinto ltd onTinto ltdChief financial officer jakob stausholmJuukan gorgeFrenchman jacquesIndigenous australians

Rio Tinto names Stausholm as CEO in surprise pick after cave destruction

Rio Tinto names Stausholm as CEO in surprise pick after cave destruction
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

New south walesCity ofUnited kingdomDavid clarkeAdam matthewsPeter cunninghamSonali paulRashmi ashokZandi shabalalaStephen coatesNikhil nainanSameer manekarJean sebastien jacquesMorgan stanleyRoyal dutch shellJuukan gorge