trending Market Intelligence /marketintelligence/en/news-insights/trending/4mbxfirnqgcdp8oxdaufla2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Former National Australia Bank employee, friend face fraud charges

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good


Former National Australia Bank employee, friend face fraud charges

A former National Australia Bank Ltd. employee and his friend are facing charges that they defrauded the bank of more than A$800,000 by exploiting the bank's "introducer" scheme, The Sydney Morning Herald reported March 19, citing court papers.

Prosecutors alleged that Andrew Matthews and his friend, Nicola D'Agostino, conspired together between January 2012 and June 2016 to exploit the bank's introducer scheme, which rewarded those who referred others to the bank's loan products. Matthews allegedly swindled the bank by having customers unknowingly sign documents that showed D'Agostino as the person who had referred them to the bank and thus was entitled to receive commissions from the bank.

Under the alleged arrangement between the two, Matthews took 90% of the commission fees paid by the bank to D'Agostino, in exchange for using his friend's name in loan documents. Matthews and D'Agostino face 49 charges of obtaining property by deception, conspiring to obtain property and dealing with property suspected of being proceeds of crime.

While D'Agostino, on March 19, pleaded not guilty to his charges and waived his right to a pre-trial hearing, Matthews will face a hearing in October to determine whether he stands trial, the publication noted. The charge sheets also allege that Matthews in 2016 had a Ferrari F430, which police allege was a proceed of crime.

The news report came days after the bank initiated an internal probe into its mortgage introducer program ahead of an inquiry by the financial services royal commission.