Private banking
Opinion
Scams
Scam strike on global giant is a warning shot to banks
The regulator’s case against HSBC moves the needle from customer beware further towards bank beware.
- by Elizabeth Knight
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Updated
Scams
HSBC knew customers were being scammed but didn’t help even as fraud surged: ASIC
Australia’s corporate regulator alleges the banking giant failed its customers by taking months to investigate scam reports and freezing customers’ accounts and leaving them without access to their own money.
- by Aisha Dow
The generational culture war tearing investment banking apart
The brutal conditions ingrained in the job are proving to be a big turn-off for Gen Z.
- by Charlotte Lytton
How Prince Andrew’s favourite banker ‘Spotty’ Rowland came unstuck
Prince Andrew was main draw as he unveiled the headquarters of Banque Havilland – a bank for the super rich. Now it’s lost its licence.
- by Michael Bow
‘What’s going on here?’: ASIC probes fast-growing private debt markets
The head of Australia’s corporate regulator wants more visibility when it comes to the private credit market, where companies go if the banks won’t lend.
- by Millie Muroi
Why everyone in finance is getting ripped
People who spend their working lives trying to manage risk in return for long-term financial gain often fail to apply those lessons to their own health.
- by Chris Bryant
Bankwest to face grilling over mass branch closures
Bankwest executives will face an inquiry into rural bank closures, a week after the company announced it will shut all its branches in favour of online services.
- by Stephanie Gardiner
Bank branch closures roll on as cash usage declines
More than 1400 bank branches have closed in Australia since 2017. But there are key reasons why it’s important for banks to maintain their physical presence.
- by Millie Muroi
Simon handled millions for some of Australia’s richest. Then things started to go wrong
After a meteoric rise, Simon Raftery had a Sydney waterfront home worth millions and an impressive list of clients around the world. Then some of his big plays started to come undone, exposing the opaque but booming world of private credit.
- by Anne Hyland
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Perth banker Simon Harris stole $2 million from clients – and lost every dollar
Journalist Michael Genovese talks to the father, banker and gambling addict who was convicted of stealing more than $2 million and punting it away on horse races.
- by Michael Genovese
Opinion
For subscribers
After my mum’s death, I couldn’t believe what the bank did to my 93-year-old dad
Calling the banks bastards is a tired cliche, until you witness their bastardry up close.
- by Sue Williams
Original URL: https://www.smh.com.au/topic/private-banking-huf