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Banking & Investment

‘Lying’ bank bosses may face penalties and prison

In the strongest signal yet that bank executives could be forced to take responsibility for their malpractices, the Treasurer has hinted that they could be imprisoned.

Banking & Investment

Revenue not advice the priority for AMP

Financial services royal commission told that thousands of AMP customer were charged for services never delivered.

Banking & Investment

Major banks to be quizzed over ‘failed’ advice

The Big Four banks and AMP will deliver up some of their most senior executives for merciless grilling by Justice Kenneth Hayne when round two of the banking inquiry gets under way on Monday.

News

Loans leading to legal disputes and fractured families

The financial services royal commission in Melbourne last week also heard how older Australians were being adversely affected by irresponsible lending.

Banking & Investment

Banks cop blast on deadline failure

Royal commission boss immediately on the front foot as inquiry gets under way.

News

Public submissions not yet allowed for victims of bank misconduct

The Australian Council of Trade Unions has countered government tardiness in allowing the stories from victims of banking misconduct to be presented before the royal commission.

News

Australians welcome royal commission with scepticism and humour

Australians have long called for a royal commission and now they have one they are welcoming it with open arms – and a healthy dose of scepticism and humour.

News

The letter that launched a royal commission into banking

The letter that Australia’s big four banks sent to Federal Treasurer Scott Morrison, called for an inquiry into the banking and finance sector, but got a Royal Commission instead.

News

Industry leaders have their say on the royal commission

The advice comes thick and fast after Prime Minister Malcolm Turnbull’s announcement.

News

Government finally concedes on need for banking inquiry

In an extraordinary backflip, Prime Minister Malcolm Turnbull has announced a royal commission into the financial services sector.

News

Move surprising, until it all made perfect sense

I was somewhat surprised when Malcolm Turnbull announced a royal commission into the banks. Call me old and cynical, but let’s consider more closely the context of the PM’s apparent 180 degree change of direction.

News

The jig is up, time to bring banks to justice

At last we will find out what banks have to hide. But not before retirement savings have been hurt by outrageously poor financial regulation.

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