Hayne must stop pillage of savings
The royal commission has heard a terrifying example of the vulnerability of superannuation savings of trusting customers.
Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney.
The royal commission has heard a terrifying example of the vulnerability of superannuation savings of trusting customers.
Catherine Brenner's detractors are giving full voice to their criticisms after this week's revelations at the Hayne royal commission.
It will be astonishing if Kenneth Hayne doesn't recommend a major boost to ASIC's powers given the big four and AMP's disdain for the corporate watchdog.
The banks spent billions to get into financial planning. It hasn't been profitable for them, or good for customers.
Investors are confronting an unusual situation in markets, but they should brace for more volatility ahead, warns veteran investor Jim McCaughan.
The sacking of Deutsche Bank's John Cryan is another reminder to the bosses of the big four that their boards are ruthless in how they react...
Some analysts believe an overly tight monetary policy being pursued by US central bank is laying the groundwork for major market turmoil.
Big bank woes have left many investors wondering whether the sell-off means they're now an interesting investment opportunity.
It was left to Westpac chief executive Brian Hartzer to mount the big banks' response to the Hayne royal commission.
Rod Sims has taken aim at bankers who have told the Hayne royal commission they were powerless to change shoddy lending practices.
It's possible the country's banks will respond to the Hayne royal commission by tightening their lending standards, particularly in the impo...
As investors rush to dump their tech stocks, there are striking parallels with March 2000 when high flying dotcom stocks plunged, leading to...
After the shellacking they received in the first three months of the year, it's little wonder investors are apprehensive.
High levels of corporate leverage, rising interest rates and a large dollop of political uncertainty are a recipe guaranteed to shake invest...
For all the talk about mis-sold mortgages, the banks' bad debts remain historically low.
Given his background, it won't be surprising for Matt Comyn to emphasise the value of actual hands-on experience in banking and be suspiciou...
Bankers in the audience would have felt decidedly queasy as Rowena Orr ran through the long litany of serious breaches by the banks and mort...
Federal Reserve chief Jerome Powell was determined his first chairing of the FOMC rate-setting board would hold no surprises for financial m...
Westpac has now had its turn to feel the Hayne royal commission's blow torch on its belly, with the Sydney-based lending giant being grilled...
The culture of retail banking has changed almost beyond recognition, particularly with how the banks embraced proactive marketing.
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