Thursday, July 3, 2014 Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm. Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ permission, resulting in hundreds of […]
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First Active offer 100% mortgages in Ireland
Thursday, July 14, 2005 First Active has become the first financial institution to offer 100% mortgages in the Republic of Ireland. The bank previously offered 100% financing to professionals in finance and medicine, but is now to offer this product to anyone who can afford to meet the repayments. The development is a huge boost for first time home buyers […]
IMF head remains in New York prison; charged over alleged hotel sex attack
Sunday, May 15, 2011 This sordid episode—no matter how it ultimately plays out—will spell the end of Strauss-Kahn as an effective leader of the IMF even if he retains his position, which is highly unlikely. Dominique Strauss-Kahn, the head of the International Monetary Fund, remained in jail last night after being charged with sexually attacking a chambermaid at a New […]
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John Boehner re-elected as US House Speaker despite conservative challenge
Thursday, January 8, 2015 Representative John Boehner was re-elected as Speaker of the US House of Representatives on Tuesday despite a right-wing rebellion of 25 members. Boehner’s appointment as Speaker passed with 216 of the 408 votes. Republican Senator Mitch McConnell was also sworn in on Tuesday as the Senate majority leader, marking the first time in eight years when […]
Mundine beats Green in super-middleweight WBA eliminator
Wednesday, May 17, 2006 Former world champion boxer Anthony Mundine has beaten long-time rival Danny Green on a unanimous points decision in a non-title World Boxing Association (WBA) super middleweight bout. Mundine, an ex-rugby league star promoted the much-anticipated fight that attracted around 40,000 spectators and a national record for a pay-per-view television event. “Who’s the man, who’s the man?” […]
Libyan court upholds death sentence for foreign medics in HIV case
Wednesday, July 11, 2007 The Supreme Court in Libya has upheld the death sentence for five Bulgarian nurses and a Palestinian medical intern condemned for infecting 426 children with HIV. Just one day ago, a deal to free the foreign medics was announced. The six defendants were not present at the court ruling, while family members of the children rejoiced […]
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WSJ: Diller close to $2 billion deal for Ask Jeeves
Monday, March 21, 2005 Barry Diller’s InterActiveCorp (IAC) is near a US$2 billion deal to buy search engine Ask Jeeves, according to a report in Monday’s Wall Street Journal. The corporate boards from both companies were in talks all weekend negotiating what appears to be an all-stock deal. If approved, the price tag would be a substantial premium over Ask […]