Ex-bank chiefs face grilling
RICHARD GLUYASPast and present chief executives of the major banks could be called to appear before the royal commission, senior lawyers say.
inside storyRush to stop Nat’s ‘daft’ bill
SIMON BENSON, RICHARD GLUYAS, DENNIS SHANAHANKelly O’Dwyer was horrified at the private member’s bill being proposed by Nat Barry O’Sullivan for a banking inquiry.
Homeowners to cover rising costs
Richard Gluyas, Michael RoddanThe banking industry has warned that homeowners could face higher interest rates as a result of a royal commission.
COMMENTTime not on inquiry’s side
RICHARD GLUYASThe biggest challenge will be doing justice to the inquiry’s draft terms of reference in such a punishing time frame.
PM’s ‘lost control of Coalition’
GREG BROWN, Richard GluyasBill Shorten has labelled the government’s backflip on a royal commission as a “victory for Labor”.
updatedTussle over commission terms
Michael Roddan, Richard GluyasWhile the banks have welcomed “certainty”, some are pushing for broader terms of inquiry for the royal commission.
Four PillarsPayments fintech aims for unicorn status
RICHARD GLUYASAssembly Payments is looking for a bank partner and co-founder Simon Lee says it could become a multi-billion-dollar company.
FOUR PILLARSAssembly pivots to the banks
RICHARD GLUYASAssembly Payments sees its plan to provide an omni-channel payments platform for banks as a path to unicorn status.
exclusiveBank tribunal to tackle disputes
RICHARD GLUYASA proposed tribunal to resolve disputes between banks and customers will hear cases that stretch back a decade.
exclusiveNAB launches staff revolution
RICHARD GLUYASNational Australia Bank has kicked off its workplace revolution, with plans to cut out layers of management.
Four PillarsCommission calls grow
RICHARD GLUYASThe Queensland election outcome was the worst possible result for those who think a banking inquiry would be a distraction.
FOUR PILLARSMixed outlook for mutuals
RICHARD GLUYASDespite a recent win, the mutuals still face the prospect of battling tightened margins and heightened regulation.
ExclusiveASIC eyes loan fraud
Richard GluyasASIC is ramping up surveillance of the $1.5 trillion home lending market.
Reforms can’t stop bank inquiry
Richard Gluyas, Michael RoddanThe next stage of the Turnbull government’s banking reforms is unlikely to calm backbench agitation for a royal commission.
UPDATEDWhy ScoMo summoned banks
RICHARD GLUYASScott Morrison to unveil more banking reforms after briefing bank bosses on an industry compensation scheme for aggrieved customers.
four pillarsASX weighs blockchain decision
RICHARD GLUYASThe ASX decision is due before the end of the year and will have ramifications for the exchange community around the world.
FOUR PILLARSTug of war over property threat
RICHARD GLUYASA pitched battle has erupted as regulators once again raise red flags over the hazards of an overheated property market.
Four PillarsCBA limit helps fight crime
Richard GluyasCommonwealth Bank is starting to emerge from its anti-money laundering nightmare.
EXCLUSIVECBA turns to caps in crime fight
RICHARD GLUYASCBA is switching to a daily deposit limit, as it ups its defences against crime in the wake of the Austrac scandal.
exclusiveBanks set for inquiry ‘tsunami’
RICHARD GLUYAS, DAVID URENThe big four banks now see the prospect of a royal commission or similar inquiry as almost inevitable.
NAB anti-laundering in spotlight
RICHARD GLUYASNational Australia Bank has revealed it is ramping up investment in its anti-money laundering program.
Four PillarsNZ slams Westpac models
RICHARD GLUYASThe RBNZ announced yesterday it had hiked the bank’s minimum regulatory capital requirements.
FOUR PILLARSNAB’s letter in the mail
Richard GluyasAn update on NAB’s anti-money laundering efforts could lead to a missive from the Coleman-chaired economics committee.
updatedNAB flags ongoing Austrac issues
Richard GluyasNAB has noted it is “investigating and remediating” some issues related to compliance with anti-money laundering rules.
State tax has banks on edge
RICHARD GLUYASThe banking industry is ready to launch a High Court challenge if South Australia passes its $370 million bank tax.
Four PillarsA long shot in the CBA race
Richard GluyasOne of the suggested candidates is a member of the nominations committee that will help decide who will be CBA’s next CEO.
CBA takes heart from Tabcorp case
RICHARD GLUYASTabcorp’s breaches of anti-money laundering and counter-terrorism laws were be treated as a single course of conduct.
All eyes turn to Westpac
RICHARD GLUYASANZ and NAB have made a good fist of presenting themselves as guilt-ridden but repentant in ASIC’s rate-rigging case.
Mutuals to gain capital muscle
RICHARD GLUYASMember-owned banks will be unshackled to lend an extra $18 billion and compete more effectively with the majors.
Four PillarsFines weigh on CBA stock run
RICHARD GLUYASIt’s hard to see the stock go on a sustained run until there’s clarity on the size of the fines in the Austrac case.
