David Murray takes AMP chair
David Murray has been appointed incoming AMP chairman and will join the company’s board on or before July 1.
Bank Inquiry
Financial advice was oversold
We’re finally waking up to the fact that most people simply didn’t need the services that were being rammed down their throat.
Fairer sex, but not always best
The inclusion of female directors does not appear to have improved company ethics.
Not just a few bad apples
Financial advisers also have a poor record in the US.
Loss may still lead to ID theft
Customers are being treated as an afterthought when it comes to data privacy.
CBA’s ‘extraordinary blunder’
CBA now admits it should have told customers it had lost historical records for close to 20 million accounts.
Woeful watchdogs did little to help
It’s hard to know what was worse: the woeful advice or the lack of action by watchdogs.
$1m windfall for CBA witness
The woman who ran the CBA wealth management arm that charged fees to the dead has received a million-dollar windfall.
AMP gave $350k to parties
After six years of not making any disclosed political donations AMP gave over $350,000 to the major parties, which started just after Catherine Brenner joined.
Abbott slams banks’ priorities
If banks had of stuck to the subject of banking instead of making political statements they may not be where they are now.
Morrison ‘dishonest’ on CBA
Chris Bowen says Scott Morrison should explain his comments on CBA resignations, describing them as “cynical and dishonest”.
Hubris and venality prime requisites
The royal commission is revealing a deep malaise — venality, in fact — in the boards of all the big banks.
CBA full of ‘inadequate oversight’
The CBA is expected to cut executive pay again this year and has been slammed for a culture where no one learned from mistakes.
Planners flee major banks
Financial advisers and big banks are breaking up even before the royal commission has finished its work.
APRA ‘too little, too late’
Chris Bowen says the CBA review is a report on one bank, when we should be receiving final royal commission findings on the whole sector.
CBA sorry, pledges culture fix
Commonwealth Bank will order 500 executives to read a scathing report on the bank’s culture and come up with ways to fix it.
CBA boss gives up $2.2m bonus
Commonwealth Bank CEO Matt Comyn will forgo a short-term bonus of up to $2.2m this year in the wake of bank scandals.
Political class’s failure on banks
The politicians who moralise about the banks are no white knights when it comes to doing the right thing. Far from it.
CBA slammed for ‘complacency’
CBA has been forced to top up capital levels by $1bn after a review of culture found big profits “dulled its senses” to risks.
More you pay, worse you do
On average, the more a person pays for experts to manage their superannuation savings the worse the investments perform.
Big-four planners may be charged
Many of the 14,000 or so financial planners working for arms of the big banks could face prosecution for shoddy advice.
Night of long knives, sharp exits
AMP’s handling of the fees-for-no-service scandal has been akin to “putting a Band-Aid on a haemorrhaging wound’’.
Legal eagle’s anger at losing job
AMP legal counsel Brian Salter has hit back at criticism of his role in the fee-for-no-service scandal.
Brenner off Art Gallery board
It’s now two boards that Catherine Brenner is off, the former AMP chairman standing down from the Art Gallery of NSW.
I did no wrong: AMP counsel
AMP’s Brian Salter has defended his role in the fees-for-no-service affair and says he learnt of his sacking via the ASX.
Big banks’ ‘reverse donation’
Bill Shorten claims tax cuts for the big banks would be the “biggest reverse political donation in Australian history”.
Break-up looms for AMP empire
AMP has today carefully avoided any acceptance of the fact it was caught stealing from customers and lying to the regulator.
AMP chair quits, board’s pay cut
Catherine Brenner resigns as chair and AMP company secretary Brian Salter will depart after bank inquiry revelations.
Banks gouge millions from super
Superannuation companies owned by the big four banks are boosting their revenues by paying low interest rate returns.
Penny drops on conflicted banks
How could so many politicians, journalists and the BCA have been so slow to understand the problem in financial services?
Original URL: https://www.theaustralian.com.au/topics/bank-inquiry/page/20