Watchdog savages IOOF chief
APRA has launched a scathing attack on the fitness of IOOF chief executive Chris Kelaher to lead the company.
Bank Inquiry
IOOF boss feels inquiry heat
The banks have pushed back against serious breach allegations as APRA unloads on IOOF’s boss in super round submissions.
Warning over building ‘binge’
Australia’s infrastructure binge is based on the false assumption that population growth will inevitably continue to climb sharply.
Westpac rivals ‘may delay hikes’
Other banks may not rush to copy Westpac’s rate rises because of lower funding pressures and inquiry revelations, says an analyst.
NZ joins Aussie bank bashing
A New Zealand government minister says its banking rules need a review to keep its Australian-owned banks in line.
Westpac rates lift ‘courageous’
Westpac’s ‘courageous’ decision to lift mortgage interest rates could spark government action, analysts warn.
Law ‘parade’ after AMP reprieve
Competing AMP class action lawyers will be forced into a NSW Supreme Court “beauty parade”.
Costello slams ASIC over banks
Credit will be tighter and advice more expensive after the bank inquiry, says Peter Costello, who also blames regulators.
New banking scandals ‘inevitable’
Incoming assistant treasurer Stuart Robert warns future scandals are “inevitable”, vowing to resist pressure for heavy regulation.
Hodge claims raise NAB hackles
NAB has taken a moumental bank inquiry beating but will strongly contest assertions made in last week’s closing submission.
Level playing field for fundies
Billionaire investor Kerr Neilson says the royal commission could help level the playing field for fund managers.
Rates pressure builds on banks
A crunch in profit margins has sparked a fall in Westpac shares, as pressure mounts on big banks to hike mortgage rates.
Inquiry good for banks: Elliott
ANZ chief executive Shayne Elliott has no regrets in calling for the establishment of the financial services royal commission.
Big money for new AMP chief
AMP’s newly-appointed CEO stands to make a small fortune if he can turn the embattled company around.
Bold move by financial advisers
In a bid to stave off new professional standards, financial advisers are planning to join forces with the union movement.
Value key to Don’s winners
Banking industry elder Don Argus has turned his attention to the likely winners and losers of industry disruption.
Banks must go back to basics
More regulations won’t help. Banks must go back to the basic tenets of honesty, integrity and accountability.
Appalled at behaviour: RBA
The head of the RBA says he is ‘appalled’ by behaviour unveiled by bank inquiry as he flags ‘problematic’ US policy.
NAB met ASIC before horror
For Andrew Thorburn, it may have been a challenging meeting to be seated with ASIC officials.
AMP delay to protect profits
AMP kept the trustee of its super business in the dark on a plan to drag out the required MySuper transition.
AMP kept trustee in the dark
AMP kept the trustee of its super business out of the loop on a plan to drag out the required MySuper transition, inquiry hears.
‘You’d have to ask the client’
It could take more than five years for AMP’s super trustee board to learn of poorly performing products, inquiry hears.
Cash or not cash?
Royal commission | “I’m just trying to understand … how this could possibly make sense.”
Regulators face the music
The deputy chairs of the prudential and market conduct regulators can expect a thorough grilling.
MLC not so super, NAB admits
Over five long days, Kenneth Hayne’s royal commission applied the blowtorch to NAB’s superannuation business.
Catholic Super defends caution
Catholic Super deputy chairman Peter Haysey has defended his $9.3 billion fund’s spurning of a potential merger.
ANZ’s OnePath sale under cloud
ANZ’s $1 billion sale of its OnePath superannuation business to wealth manager IOOF has come under a cloud.
Comyn lobbied ASIC on super
CBA CEO Matt Comyn lobbied ASIC’s deputy chairman to overrule the corporate regulator’s head of enforcement.
How to avoid worst super funds
Must you place your superannuation at the mercy of big institutions? The short answer is no.
NAB’s ASIC file laid bare
Documents accusing NAB of criminal offences relating to its fee-for-no-service saga have been aired by the inquiry.
Original URL: https://www.theaustralian.com.au/topics/bank-inquiry/page/13