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Alleged fraudster Papas’ girlfriend lands in Greece as Westpac digs deeper

Alleged fraudster Papas’ girlfriend lands in Greece as Westpac digs deeper

Westpac is broadening its investigation into Forum Finance, trawling thousands of documents to assess all of its dealings with the equipment leasing business since its inception in 2011.

  • by Sarah Danckert

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Greensill traded while insolvent, liquidators say

Greensill traded while insolvent, liquidators say

Finance house Greensill Capital’s Australian arm traded while insolvent, according to a report by the company’s liquidators. It means directors, including company founder Lex Greensill, may be liable for debts incurred during this time. 

  • by Colin Kruger
Westpac accuses Forum and Papas of 100 frauds

Westpac accuses Forum and Papas of 100 frauds

Westpac is pursuing legal action to have colourful soccer identity Bill Papas’ company - Forum Finance - liquidated in the hope of recouping its losses.

  • by Sarah Danckert
An architect of the ‘printing money’ fix turns into a QE critic

An architect of the ‘printing money’ fix turns into a QE critic

The former governor of the Bank of England who launched quantitative easing in the UK is now part of a committee which now questions it.

  • by Stephen Bartholomeusz
Zip dismisses potential Apple threat as revenue doubles

Zip dismisses potential Apple threat as revenue doubles

The tech giant’s foray into payments, Apple Pay, has gained no traction in the crucial online retail market, Zip Co co-founder Peter Gray says.

  • by Clancy Yeates
Racecars and seaside apartments: Inside Papas’ offshore assets
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Racecars and seaside apartments: Inside Papas’ offshore assets

The colourful soccer identity accused of orchestrating a $400 million fraud against Westpac and other lenders owns a $630,000 competition racing car and a handsome portfolio of property in Greece.

  • by Sarah Danckert
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From Sydney to Shanghai: China’s luxury retirement homes draw millions from investors

From Sydney to Shanghai: China’s luxury retirement homes draw millions from investors

William Tang wants ‘a second life’ in his Shangai luxury retirement resort and Lendlease is betting there will be others like him as China’s population ages.

  • by Bloomberg News
Westpac accuses NAB of frustrating investigations

Westpac accuses NAB of frustrating investigations

It is unclear why NAB initially agreed to Westpac’s request to freeze the accounts and then changed its mind without telling its rival.

  • by Sarah Danckert
‘Generational shift’: Afterpay targets younger customers as it moves into banking

‘Generational shift’: Afterpay targets younger customers as it moves into banking

Afterpay will offer fee-free bank accounts that pay an interest rate of 1 per cent on savings as it steps up its competition with established banks.

  • by Clancy Yeates
‘That’s a reality’: CBA chief warns on economy, more lockdowns

‘That’s a reality’: CBA chief warns on economy, more lockdowns

Even if outbreaks are brought under control, CBA’s chief says the transmissibility of the Delta strain means more lockdowns are a real possibility.

  • by Clancy Yeates
ANZ Bank to launch $1.5b share buyback

ANZ Bank to launch $1.5b share buyback

ANZ said it had the financial strength to support pandemic-affected customers while also returning surplus capital to investors.

  • by Clancy Yeates