Bank code shifts power balance
The corporate watchdog has rubber-stamped the first serious overhaul of the banking code of practice in 25 years.
Bank Inquiry
Bank code for ethical behaviour
ASIC has agreed on a code of conduct with the banks that includes measures to make products easier to understand.
Hayne kills economic policy
A company tax cut is the government’s sole economic policy and it has been destroyed by the banking royal commission.
AMP tanks as inquiry takes toll
AMP shares dived over 5pc to a record low after it set aside $290m for potential remediation and flagged a dividend cut.
ASIC boss slams super sector
The corporate watchdog has blasted the super industry, telling firms to stop exploiting people and to clean up their act.
O’Dwyer warns of super shock
Kelly O’Dwyer urges the public to brace for more shocking stories as the royal commission turns its spotlight on super.
NAB to refund $67m in fees
More than 300,000 customers will be refunded after a fees-for-no-service admission by NAB’s wealth arm MLC.
NAB to stop fleecing farmers
National Australia Bank has ushered in a new era for relations with farmers and other customers in the bush.
NAB in bid to mend bush fences
NAB boss Andrew Thorburn has used a visit to Wagga to outline his bank’s plan to lift its game in relation to rural customers.
Super firms called to hot seat
AMP, AustralianSuper and IOOF have all been summoned to appear at the fifth round of royal commission hearings.
AMP, IOOF swoon on super cuts
About $300m has been wiped from the value of AMP and IOOF after Westpac slashed super fees amid mounting pressure.
Inquiry to mull policy options
Ken Hayne has scheduled a seventh round of hearings to weigh potential fixes for the financial services sector.
A blind eye on gouged nest eggs
The managers of $1.2 trillion of the nation’s retirement savings face no penalties under the law for any wrongdoing.
APRA signals end to major works
The “heavy lifting” in relation to repairing banking standards and lending restrictions is largely over, says prudential regulator.
Property bomb threatens banks
Our banks could be tested as regulators tighten the clamps just as a million households risk coming face-to-face with mortgage stress.
Inquiry colours view of IAG exit
IAG is the latest example of how developments in the finance sector are being seen through a banking royal commission prism.
CBA, ANZ rapped over super sales
CBA and ANZ will alter how they sell super to customers after reaching an ‘enforceable undertaking’ with ASIC.
Hayne homes in on ‘fair’ dealing
Banks will be required to justify whether bonuses aimed at rewarding sales volume create an “unacceptable risk”.
‘Months to set up basic account’
ANZ took months to open a basic account for an Aboriginal woman after starting accounts she didn’t ask for, inquiry told.
Insurer ‘not frank’ with inquiry
The boss of life insurer Select AFSL has been accused of not being “frank” with the royal commission.
End of an era for big banks
A paradigm shift has occurred in our attitude to financial services and betting on the banks will never be the same again.
Pressure to quit ‘nasty business’
Australia’s biggest financial institutions are now under pressure to quit trailing commissions after Macquarie and BT pulled out.
‘Thought high rates were better’
Customers in Far North Qld were often sold loans under the impression interest rate charges up to 48pc meant a better deal.
Insurer preyed on ‘yes’ tendency
Aboriginal consumers are often tripped up when dealing with financial firms due to “gratuitous concurrence,” inquiry hears.
Shipton drops in on bank inquiry
ASIC chair James Shipton has made a surprise appearance as an onlooker at today’s royal commission hearing in Darwin.
Rural Bank admits ‘code breach’
A banker at Bendigo Bank subsidiary Rural Bank suppressed information to sell credit to a Queensland farmer, inquiry hears.
ASIC to lay cards on the table
The corporate regulator is set to release an extensive review of the $50bn credit card market this week.
A very sorry business
Tania Porter’s son Anthony was just two when he was signed up for funeral insurance. Twenty years and $22K later, she’s furious.
CBA execs take $60m APRA hit
CBA’s response to an APRA report into its cultural and governance failures will result in senior staff losing bonuses.
Hayne orders CBA explain snafu
Ken Hayne has demanded an explanation from CBA over a document blunder that delayed the start of today’s hearings.
Original URL: https://www.theaustralian.com.au/topics/bank-inquiry/page/16