Tag: National Australia Bank

asic ban
October 08, 2018 BY Valentina Kirilova

ASIC permanently bans another former NAB branch manager

An ongoing ASIC investigation has resulted in the permanent banning of former National Australia Bank (NAB) branch manager Mathew Alwan from engaging in credit activities and providing financial services. The ban is the result of an extensive ASIC investigation in respect of NAB employees in greater western Sydney who were accepting false documents in support…

Read more
December 19, 2016 BY Valentina Kirilova

ASIC banning of a former financial adviser with the National Australia Bank set aside on appeal

The Administrative Appeals tribunal (AAT) has set aside a decision by the Australian Securities and Investments Commission (ASIC) to ban Mr Gerard McCormack from providing any financial services. Mr McCormack, of South Melbourne, Victoria, a former financial adviser with the National Australia Bank (NAB) was banned from providing financial services for five years commencing on…

Read more
March 03, 2016 BY Mike Fox

R3 trials blockchain fixed income trading with 40 banks

The trial marked an unprecedented scale of institutional collaboration between the financial and technology communities exploring how distributed ledgers can be applied to global financial markets. Just released is a major blockchain announcement from financial technology innovation company R3 CEV. In short, they connected 40 banks to five different blockchains and allowed them to facilitate…

Read more
October 22, 2015 BY Mike Fox

NAB becomes first major bank to commit to the ASX mFund service

National Australia Bank (NAB) and the Australian Securities Exchange (ASX) have today announced that nabtrade, NAB Asset Management and NAB Asset Servicing (NAS) will join the ASX mFund Settlement Service. NAB is the first major bank to commit to the mFund service, launching by the end of the year. mFund is an electronic processing service…

Read more