Commonwealth Bank of Australia CEO apologies for financial planning scandal

Thursday, July 3, 2014 Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm. Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ permission, resulting in hundreds of millions of dollars lost. The Senate enquiry called for a

Air safety group says airport was operating illegally without license when Garuda Indonesia Flight 200 crashed

Monday, June 23, 2008 An Australian air safety group claims that Yogyakarta International Airport was opearating illegally with no license when Garuda Indonesia Flight 200, a Boeing 737, crashed at the airport, killing 16 Indonesians and five Australians. Flight Safety Pty Ltd had been asked to carry out an independent investigation by an anonymous client after the March 2007 disaster, which occurred when the aircraft landed at excessive speed and