December 6, 2021

Cayman Islands bank seeks its money back from New Zealand financial services provider and affiliated NZ company

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By Gareth Vaughan From A Cayman Islands incorporated bank has turned to the New Zealand courts seeking to claw back money it says was entrusted to New Zealand registered financial service provider Worldclear Ltd on behalf of its clients. Global Fidelity Bank Ltd obtained preservation orders from Justice Paul Davison after claiming Worldclear acted […]

Robots could help Australia’s banks cut 40,000 jobs over the next decade

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By PAUL COLGAN From Business Insider Reducing staff costs will be a central feature of Australian banks’ profit maintenance strategies over the coming years, according to analysts at Macquarie Private Wealth. They estimate digitisation and automation could help each of the four major banks cut up to 10,000 staff over the next five to 10 […]