Regulators put the boot into banks: trust deficit growing
There is hardly a senior figure in Australia that hasn't put the boot into the Commonwealth Bank - and the banking sector – in the past week.
Adele Ferguson comments on companies, markets and the economy.
There is hardly a senior figure in Australia that hasn't put the boot into the Commonwealth Bank - and the banking sector – in the past week.
Leaked emails reveal a powerful lobby group has ramped up its attempts to dilute a bill to protect workers from underpayment.
Under normal circumstances Commonwealth Bank boss Ian Narev would be confidently basking in the bank’s glory of a record profit result, but its latest was marred by another scandal.
CBA boss Ian Narev will be hoping the move by the bank board to publicly back him isn't consistent with recent examples.
When Ian Narev presents the Commonwealth Bank's full-year financial results next Wednesday he will need to be careful answering questions about serious allegations it breached money-laundering and terrorism finance laws.
After spending a fortune on a campaign designed to improve its tarnished image and ward off a royal commission, the banking sector must have done a collective face palm at this news.
State governments don't like relinquishing power to their federal counterparts. But there is a strong case to do just that.
Surely, launching an inquiry into the sector isn't that hard.
"My mother has less freedom now than she ever had."
Embattled retirement village giant Aveo has been forced to effectively refund residents at two villages after an outcry about its decision to transition the villages to its new, expensive Freedom Aged Care program.
Search pagination
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.