NAB boss sorry for misconduct
NAB boss Andrew Thorburn has taken to Twitter to apologise to customers for misconduct that could be construed as criminal.
Bank Inquiry
NAB ‘criminal’ counts top 100
ASIC accuses NAB of more than 100 potentially criminal breaches over a fees scandal, say papers the bank tried to keep secret.
NAB slammed over secrecy bid
Kenneth Hayne has slapped down the bank’s bid to keep secret explosive documents outlining its “suspected offending”.
Big guns lose mega bonuses
CBA’s run of governance disasters has blown a gaping hole in Ian Narev’s pay, with the former CEO forgoing up to $16m.
NAB put on criminal charge alert
The NAB may face criminal charges amid revelations the lender charged fees of more than $3 million to dead people.
Fels backs Greens’ bank plan
Allan Fels has backed the Greens’ push to break up the major banks and AMP to curb gouging of customers.
Greens’ sound banks suggestion
The Greens have jumped into the bank debate with a good call: put someone in charge of policing this troubled industry.
NAB charged dead customers
Inquiry hears NAB’s super trustee charged dead customers, as the Commissioner raises the issue of criminal liability.
‘Cancer at the heart of banks‘
Greens leader Richard Di Natale has called for “lengthy criminal sentences” for banking executives who commit crimes.
Super carve-out ‘ridiculous’
John Williams says a decades old carve-out in laws governing the $2.6 trillion superannuation sector is “amazing”.
Super hit: banks face $850m bill
The compensation that banks are preparing to pay for fees they charged over services never provided is racing towards $1bn.
NAB boss in loop on fee plan
The NAB’s boss was told of efforts to downplay the collection of super fees but it was seen as merely a disclosure problem.
Greens out to ‘break up banks’
The Greens have moved to capitalise on royal commission anti-bank sentiment, announcing a policy to “break up the banks’’.
What do banks do all day?
Certainly at NAB it seems designing account charges, keeping the adviser network happy and staying a step ahead of the regulators rank highly.
Bank fees compo bill mounts
Compensation paid by banks including AMP, ANZ, NAB and Westpac in the fees-for-no-service scandal could exceed $850m.
Businesses fear inquiry wash-up
The worst fears of small and medium-sized businesses about the repercussions of the bank inquiry seem likely to be realised.
How hard is it? Put members first
It is about time super funds started to act as they are required under the law — to maximise their members’ retirement incomes.
Super fee rip-offs revealed
Australians are being ripped off by fund trustees “surrounded by temptation” to do wrong with the $2.6 trillion savings pile.
NAB quizzed on trail commission
NAB went to extraordinary lengths to keep paying now-illegal trailing commissions to financial advisers.
Bankers go bonkers over fees
When is a fee charged to customers for no service not a fee-for-no-service and does that make it a commission?
Feathers won’t fly over fund ad
The royal commission is unlikely to rule that the ‘fox and henhouse’ campaign by industry funds violated the rules.
Commission rolls out main event
In the weeks ahead we are going to find out what sort of a system we have unleashed with compulsory superannuation.
The curious case of Corrs
Why is blue-chip national law firm Corrs no longer acting for ASIC in the financial services royal commission?
NAB hit by $20m compo blow out
The amount of compensation NAB is to pay members of super funds has blown out by $20m over the past two weeks.
‘Fox’ ad in inquiry spotlight
Industry super will be grilled over whether its “fox and henhouse” ad campaign, portraying banks as predators, was appropriate.
Public servant super rort
Senior public servants have lined their pockets, taking money from people with disabilities, health, education and defence.
Funds compelled to reveal all
The financial services royal commission has compelled superannuation funds to reveal their entire fee and cost structures.
NAB first up in Hayne’s hot seat
Executives from NAB are to be the first under the griller as the bank inquiry turns its gaze on super from Monday morning.
Scathing report condemns banks
The Productivity Commission has condemned the “persistently opaque pricing”, “conflicted advice” and regulations that “support larger incumbents”.
Hayne rejects IOOF secrecy bid
The banking royal commissioner has slammed wealth manager IOOF for an “ill-based” attempt to keep documents secret.
Original URL: https://www.theaustralian.com.au/topics/bank-inquiry/page/15