Class Action Claims Opes Was Deceptive

SLATER & GORDON has launched a class action lawsuit against the failed margin lender Opes Prime and two of its financiers, ANZ Bank and Merrill Lynch, claiming that Opes was "recklessly indifferent with the truth" in its representations to clients and their understanding of the risks involved with the margin lending agreements they signed.

Opes Vehicles Missing In Action

OPES Prime receivers have told regulators that of 12 super-luxury cars purportedly owned by a company associated with the failed Opes Prime stockbroking group, seven cannot be found. Also missing from the garages of Hawkswood Investments,

Opes Tidings Worsen For Anz

THE bad news continues to seep out from the Opes Prime collapse, with the latest report from the receivers confirming ANZ Bank has $142 million owing on a secured debt against the group's assets, well above the $95 million ANZ was previously estimated to have injected into the group shortly before its demise.

Argo Still Aims To Shake Out The Golden Fleece

Argo Investments is a lean operation, with a close focus on providing its shareholders with dividends, writes Christopher Webb.

Watchdog On Ball In Trading Turmoil

The Australian Securities and Investments Commission has done a proper job, writes Tony D'Aloisio.

Cca Seen As Foster's Suitor

MACQUARIE Group's broking arm has placed a valuation restriction on Coca-Cola Amatil, fuelling speculation the bank's investment arm is helping the beverage company prepare for a big acquisition.

Bank Duped Me, Opes Victim Says

ANZ has been accused of misleading Opes Prime investors by failing to fulfil its legal obligation to disclose ownership of stocks before the controversial Melbourne stock lender collapsed.

What Stakes The Bank Holds - By Hook Or By Crook

No waiver on share notices - the ANZ has had to spill the beans.

Trusts You Can Bank On

It's possible to protect assets and reduce tax, writes Helena Keers.

Investors Like Goodman's Sale Of Gpi

INVESTORS have welcomed Goodman International's sale of its wholly owned subsidiary Goodman Property Investors and its associated investments in GPI managed funds to Aberdeen Asset Management PLC.

Ken Done's Lost Fortune Not Our Fault, Say Advisers

ONE of the Commonwealth Bank's financial advice arm has defended accusations it is to blame for the loss of three-quarters of artist Ken Done's personal fortune, and instead pointed the finger at Mr Done's former accountant.

Ubs Expected To Axe Thousands Of Jobs

SWISS investment bank UBS is expected to announce thousands of job cuts when it releases its first-quarter results today.