Your afternoon Briefing: Banks sign code of conduct with ASIC

Good afternoon, readers. New ASIC code binds banks to ethical behaviour and Warren Mundine reveals ABC’s response to racist tweet.

Good afternoon, readers. The nation’s banks have signed off on a conduct deal with ASIC and Warren Mundine released ABC’s response to a racist tweet.

25/05/2017: Anna Bligh, CEO of the Australian Bankers' Association (ABA) in Sydney on Thursday. Hollie Adams/The Australian

Banks ink conduct deal with ASIC

ASIC has agreed on a code of conduct with the banks that includes measures to make products easier to understand.

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01/05/2018: Warren Mundine for The Deal magazine.Pic by James Croucher

ABC ‘not responsible’ for slur

Warren Mundine has released Michelle Guthrie’s response to his complaint over commentator Paul Bongiorno’s racist tweet.

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Senator for Queensland Claire Moore and Cathy O'Toole MP, in Townsville to discuss local heath issues. Picture: Shae Beplate.

Maguire clinging to his seat; Moore to quit

Disgraced Liberal MP Daryl Maguire is yet to formally tender his resignation, meaning he can still collect his $165,066 salary, while Queensland senator Claire Moore announced she will not recontest her Senate spot at the next election.

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02/08/2017: Billionaire Harry Triguboff has dropped prices for his wave of new apartments 5 per cent over the last year in the weakening market, but says this will still not be enough for first home buyers to break into Sydney where apartment prices are approaching $1 million. Photographed at his Mascot site on Wednesday. Hollie Adams/The Australian

Meriton’s $3m TripAdvisor fine

Harry Triguboff-owned Meriton has been hit with a $3 million fine after a court found it “masked” emails to TripAdvisor.

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Elon Musk, Elisabeth Holmes and Travis Kalanick.

Game changers’ big flaw

These three entrepreneurs share one common quality which helped them rise to the top. But left unchecked, it can also be the catalyst for ruin, writes Tom Howard.