Terry McCrann

First the cover-up, now the deeper hole

Commonwealth Bank CEO Ian Narev leaves after delivering the full year results in Sydney, Australia, Wednesday, August 9, 2017. Commonwealth Bank chief executive Ian Narev has tried switch the focus on the lender's money laundering woes to the benefits for Australians of its record $9.9 billion annual profit. (AAP Image/Dean Lewins) NO ARCHIVING

WAS Ian Narev sacked? In the clean-out-your-desk and straight-out-the-door — and you can forget about any bonuses — sense? No, writes Terry McCrann.

CBA’s money-laundering issues are a big deal

Commonwealth Bank CEO Ian Narev briefs the media regarding the bank's full-year results in Sydney on August 9, 2017. Australia's biggest bank, the Commonwealth, posted record annual profits on August 9, as its chief executive faces calls to resign in the wake of allegations the lender breached money laundering and terrorism financing laws. / AFP PHOTO / Saeed KHAN

THE CBA is done for all money in not disclosing back in 2015 that it failed in its core money-laundering monitoring obligations and that it had been pinged, writes Terry McCrann.

CBA’s ‘beautiful’ $10 billion profit

COMMONWEALTH Bank CEO Ian Narev unveiled what can genuinely be called a ‘beautiful set of numbers’ on Wednesday, writes Terry McCrann.

CBA’s pay cut: Part two to come?

THE move by the CBA board to slash the bonuses paid to CEO Ian Narev and the senior executive management group was appropriate, proportionate and timely, writes Terry McCrann.

Record profit — and big pay cuts

It’s now over to chairman Catherine Livingstone and her fellow Commonwealth Bank directors, writes Terry McCrann.

Ignore the alarmists over markets

FILE - In this Thursday, June 1, 2017 file photo, President Donald Trump speaks about the U.S. role in the Paris climate change accord in the Rose Garden of the White House in Washington. The Trump Administration is officially telling the United Nations that the U.S. intends to pull out of the 2015 Paris climate agreement. The State Department made the announcement late Friday afternoon, Aug. 4, 2017. (AP Photo/Pablo Martinez Monsivais, File)

IT’S important now to focus on the reality of the Trump presidency, what is happening in the world and the role of the central banks, writes Terry McCrann.

Batteries included? Buy some candles

THE boss of Glencore coal has indirectly put his finger on what Tesla’s mega-battery will do for consumers — keep the lights on long enough for you to root around to find some candles.

RBA: Steady rates, steady optimism

25/07/2017: Reserve Bank governor Philip Lowe addresses The Anika Foundation at the Westin in Sydney CBD. Pic by James Croucher

THE Reserve Bank is not going to lift its official interest rate anytime soon — or indeed, at a more basic level, signal or even just hint at a future rate change anytime soon, writes Terry McCrann.

Our retail future gets interesting

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BOTH the Besen Highpoint sale and the Gandel Chadstone expansion come at seminal pivot points for retail and property ownership in Australia, writes Terry McCrann.