Family lost $200k after phone call
The Sydney family are “devastated” by the disappearance of their life savings and can’t afford groceries and even face having to sell their home.
The Sydney family are “devastated” by the disappearance of their life savings and can’t afford groceries and even face having to sell their home.
Federal Treasurer Jim Chalmers says key meetings in the US this week will help shape the government’s response to global economic issues in the May budget.
When most people think of emerging markets the first thing that comes to mind is the meltdown of the Asian currency crisis. It’s time to think again.
Aussies might not need as much in their superannuation account as they thought to set themselves up for retirement, according to the latest figures.
The government keeps getting asked the same question about the banking royal commission – and each time, refuses to give a straight answer.
Borrowers could be forced to pay higher rates and upfront fees after a “very, very bad” recommendation by the banking royal commission.
ANALYSIS: Kenneth Hayne has done an admirable job cleaning up the corporate kitty litter which our banking fat cats have soiled themselves in. But there’s still a long way to go.
Treasurer Josh Frydenberg has come under pressure in an interview with Leigh Sales, as a victims’ compo scheme will be launched after the royal commission’s “scathing” report, which could lead to criminal or civil charges.
It is difficult to read without a shudder. Amid all the revelations in the bombshell banking royal commission report, there was one that stood out.
We grew up with bank managers on a pedestal, a pillar of the community. But their chase for profits has seen them transformed into common financial spivs motivated by greed.
Financial planners will no longer be able to gouge unsuspecting clients with fees for no service under a royal commission recommendation.
The mortgage broking industry is fuming they are the biggest scalp of the Royal Commission, as they argue new proposals would hurt competition and leave customers worse off.
His fiery appearance during hearings was among the most memorable moments of the royal commission, now Ken Henry has been singled out in the final report.
The long-awaited final report of the banking royal commission has recommended sweeping changes to address the root causes of poor behaviour in the industry.
Original URL: https://www.heraldsun.com.au/business/companies/banking/page/198