CBA hit with another ASIC suit, AMP fined
ASIC has hit CBA with a third lawsuit in two days and slapped AMP with a fine of more than half a million dollars.
Bank Inquiry
ASIC bins three Hayne referrals
ASIC has dumped three Hayne royal commission referrals after the probes failed to reach a prosecution standard.
Comyn rouses sleeping giant
After a Hayne hiatus, Australia’s retail banking juggernaut appears to be reawakening.
AMP faces third class action
Wealth manager AMP is facing another class action lawsuit that alleges up to 100,000 clients were harmed by its misconduct.
NAB leads compensation payments
The running total for compensation payments shows NAB ahead of Commonwealth Bank, AMP, Westpac, ANZ Bank and Macquarie.
Under fire AMP shuffles board
Wealth group makes more appointments as it moves to head off second strike and possible spill.
Fury that lit banking fuse
A rogue backbencher was about to lift the lid on Pandora’s box. Scott Morrison was told to stop him.
Blitz on flawed financial services
An era of stronger regulation and enforcement is set to begin in financial services.
‘I’ve nothing to prove’
Ian Narev speaks for the first time since the royal commission about his role as boss of a troubled CBA.
Bupa changes way it pays
Health insurer Bupa says the “quality of customer conversations”, and not sales, will drive how much it pays its staff.
MLC vows to learn
MLC Wealth chief Geoff Lloyd has outlined a new structure that paves the way for a separation or sale by NAB.
Clients to get trailing payments
Banks contractually required to pay trailing commissions will have to pass them on to clients, under new rules.
Banks hit back on regulation
Banks have started fighting back against the regulatory backlash, declaring it has resulted in a cut-back in loans.
Jailing bankers ‘not a priority’
ANZ boss Shayne Elliott says regulators should put a “fully-functioning financial system” ahead of jail for bankers.
Banking ‘headed back to 70s’
An avalanche of “black letter law” is taking Australian finance back 40 years, AMP chair David Murray says.
Alarm as Coalition dumps Hayne
Consumer groups are alarmed as the government walks away from recommendations of the banking royal commission.
ASIC chalks up hefty legal bill
ASIC tallied up an eight-figure legal bill in the financial services royal commission, although it was outspent by the major banks.
AMP scraps bonuses, cuts pay
Chairman David Murray is taking a pay cut as embattled AMP scraps short-term bonuses and cuts directors’ fees.
IOOF facing class action
A class action will allege wealth manager IOOF failed to tell shareholders about possible breaches of super laws.
CUA ‘absorbs rising costs’
Credit union CUA has contrasted itself to banks and says it took a hit to profits rather than pass higher costs on to members.
Original URL: https://www.theaustralian.com.au/topics/bank-inquiry/page/2