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Major bank settles class action for $30m

A big four bank has agreed to pay up to $30 million, without any admission of liability, to settle a class action relating to life insurance.

Aussie CEO to step down

James Symond, the CEO of major brokerage brand Aussie, is to leave the business following the imminent merger of Aussie and Lendi.

Westpac earnings to dip by $280m

The lender has said its cash earnings will be reduced in 1H21 due to notable items, including write-down of goodwill related to lender’s mortgage insurance.

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