CBA baulked on commissions
CBA was just a week from axing mortgage broker commissions earlier this year, before retreating from the proposal.
Bank Inquiry
Narev ‘ignored insurance fears’
CBA’s Matt Comyn told his former boss about his concerns over the sale of consumer credit insurance products.
CBA chief first to face public flogging CBA chief’s public flogging
CBA chief executive Matt Comyn has been forced to admit that bank bosses ignored managers’ warnings on compliance issues.
All talk, no action as Comyn ignores the problems
When faced with a potentially high-profile consumer nightmare, Australia’s biggest company descended into fiefdom defence.
Commission spooks home buyers
The royal commission into banking is not just making bank CEOs uncomfortable, it’s scaring off home buyers too.
CBA’s lost voices are heard
CEO Matt Comyn performed well, but there was no countering the devastating comments from some of his top executives.
I warned Narev, Comyn says
CBA CEO says he tried to warn predecessor Ian Narev and others at least three times about problem insurance products.
‘Shooting fish with a bazooka’
Rowena Orr went from obscurity to corporate giant killer almost overnight. But a close look at her record reveals drama has never been far away.
Labor bank report ‘a joke’
A report by a Labor-controlled senate committee into consumer protection in the banking industry that took two years is slammed as “disgraceful’’.
Unions split over banks’ super role
The peak body representing financial advisers has threatened legal action over reforms designed to push unqualified advisers out.
Watchdogs cop Hayne’s censure
ASIC has accepted Hayne’s criticism it does not go to court often enough, as it flags rural loans crackdown.
ASIC lines up Westpac whack
ASIC is set to seek higher-than-expected fines at tomorrow’s penalty hearing over Westpac’s dodgy BBSW trades.
Bank ‘confessions’ aired in dump
The mea culpas of the nation’s biggest banks and insurers have been made public as part of a royal commission data dump.
APRA pushes back against Hayne
APRA has defended its failure to ever take a bank, insurance company or super fund to court as “broadly appropriate”.
Dover boss lashes out at Hayne
Terry McMaster has accused royal commissioner Kenneth Hayne of “deliberate misstatements” in his report.
Disaster to blaster for McMaster
Six months after collapsing at the banks inquiry, Terry McMaster lodges his response to Hayne’s interim report. It’s a scorcher.
Courts no faster than watchdogs
Ken Hayne’s penchant for legal penalties over regulatory options seems to rest on a misplaced faith in the pace of court action.
Report reveals CBA arm flaws
CBA’s financial planning arm has a low level of control awareness, notes an ASIC-ordered report by Ernst & Young.
‘Profits before people’: NAB chief
NAB chief Andrew Thorburn blames short-termism, bonuses and a “profits-before-people” approach for the industry’s woes.
Extra cash needed for bank cases
The DPP has warned Attorney-General Christian Porter it will need more funding to tackle the criminal cases stemming from the banking royal commission.
No quitting after horror grilling
Former journalist Sally Loane says she never considered resigning after her excruciating turn in Ken Hayne’s hot seat.
Aus Inc sinks to ‘all-time low’
Origin chair says confidence in big business has sunk to an all-time low as bank inquiry “dishonesty” tars reputations.
Big four in fees probe
ASIC plans to investigate the big four banks for failing to tell advice customers what fees they were being charged.
Westpac boss hasn’t met victims
Westpac’s CEO tells committee he hasn’t met with any victims of the bank’s misconduct whose cases were aired at bank inquiry.
Heed Hayne’s wake-up call: ASIC
ASIC’s head says the finance sector needs to win back trust in wake of bank inquiry as he blasts “crazy” greed is good mindset.
Fintech can’t fix banks: Byres
APRA’s boss has stressed the limits of a tech solution to the sector’s woes as he noted Hayne’s “reasonable” suggestions.
Trouble with tallying compo hit
Attempts to estimate the size of the big banks’ compensation bill are clouded by the bite-sized updates being fed to the market.
CBA’s Colonial hit with action
Slater and Gordon has filed a class action against CBA’s wealth management arm over dismal investment returns.
Which bank was judged worst?
New polling has found public sentiment hardening against the big banks amid damaging revelations from the royal commission.
CBA repays fees charged to dead
CBA will refund fees charged to deceased estates as it reforms wealth operations and ends grandfathered commissions.
Original URL: https://www.theaustralian.com.au/topics/bank-inquiry/page/10