Good afternoon, A court has opened the way for Westpac to recover hundreds of millions of dollars from the Forum Finance fraud run by businessmen Bill Papas and Vincenzo Tesoriero. Meanwhile, in a blow to Qantas proxy advisory firm ISS wants shareholders to deliver the airline a second strike on its remuneration report and for them to vote against its chair and a board member being re-elected. And Wealth editor James Kirby takes a look at the biggest-ever threat to the dominance of Australia's big four banks. In Europe, to ‘rev’ money has become as ubiquitous among the under-35s as to ‘google’ information, and global neo-bank Revolut is close to getting a bank licence here. |