Big Four Banks Face ASIC Scrutiny Over Wealth Advice
Australia’s major banks face closer ASIC scrutiny as ANZ and Westpac signal plans to expand wealth advice, reviving concerns over conflicts and consumer protection.
Musk’s SpaceX Holding Nears $1 Trillion After Blockbuster IPO
Elon Musk’s 48.4% stake in SpaceX is valued at more than $900 billion, according to a recent regulatory filing which highlights his continued control following the company’s record-breaking IPO.
Thousands of Regional Telco Complaints Expose Australia’s Service Gap
The Telecommunications Industry Ombudsman reviewed 27,882 complaints from rural, regional and remote Australians, finding systemic problems with mobile and telecommunications services and calling for a major regulatory overhaul.
