Daily Dispatches: NAB's Axa bid would be bad for AMP...says AMP-commissioned report

National Australia Bank's $14bn takeover pitch for Axa Asia Pacific (APH) could stop rival bidder AMP from remaining a competitive force in the wealth management market, a new report has found. A Frontier Economics report commissioned by AMP found there would be significant negative market effects for the diversified wealth management group if the rival bid was approved by the competition regulator. (The Australian)

Goldman Sachs is facing fraud charges for the first time in its history as a public company, setting the stage for the Wall Street powerhouse's biggest-ever showdown with the US government. (Sydney Morning Herald)

The Federal Government has signalled it is prepared to move further than the Productivity Commission's (PC) report on executive remuneration by actually clawing back bonuses if there is proof of a material misstatement in a company's financial statements. (Money Management)

ING has ignored repeated complaints about its telemarketing, despite using a method that effectively charges people to receive an ad on their mobile. (The Telegrapgh)