Murray makes right call on banks
Poacher turned gamekeeper David Murray is right to tell the big banks they must boost their capital and make themselves safer.
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Key Stories
Banks brace for $28 billion hit
The banking industry and the federal government will be set for a showdown if the Financial Services Inquiry recommendations that call on banks to bolster expensive capital, in an exercise that could cost the industry several billion dollars, are adopted.
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White-collar criminals and companies breaking the law should forfeit all proceeds of crime and their penalties should increase, the financial system inquiry says.
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Market Indices
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Currencies
| Last updated: | |
| United States Dollar | |
|---|---|
| 0.8300 | -0.34% |
| Euro | |
| 0.6759 | -0.31% |
| British Pound | |
| 0.5298 | -0.84% |
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Banking & Finance
Banks brace for $28 billion hit
The banking industry and the federal government will be set for a showdown if the Financial Services Inquiry recommendations that call on banks to bolster expensive capital, in an exercise that could cost the industry several billion dollars, are adopted.
Murray has made the right call on the banks
Poacher turned gamekeeper David Murray is right to tell the big banks they must boost their capital and make themselves safer.
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Dollar going down?
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Comment & Analysis
Economy: Not good but not disastrous Contains:
Rattled banks up the ante
'God's work' doesn't always pay the bills