‘Drain the swamp’: Fury builds
The forced resignation of AMP’s CEO appears to have fallen short of expectations as company is warned of a “death spiral”.
Bank Inquiry
Howard in no rush to judge banks
John Howard has declared it too early to tell whether the Hayne royal commission will turn out to be worthwhile.
Conflicted AMP faces oblivion
For much of its 169 years, the AMP has been the most trusted financial institution. This week that trust was shattered.
‘Who is fooling who here?’
In the night of the long knives at AMP, careers were ended, reputations trashed and wall-to-wall reviews set up.
Customers come first, don’t they?
So are we still to believe Australia has the best regulated banking system in the world?
AMP’s bloody power shifts
When Catherine Brenner accepted the role as chairman of AMP, it was the pinnacle of a glossy career. But she should’ve known.
14 years ‘to break even on fees’
More horror stories from bank inquiry as ANZ exec says the “right advice was to give no advice” in case of widowed pensioner.
‘We just took too long to act’
An ANZ exec says it took too long to compensate customers dudded by a planner poached before new laws came into effect.
Westpac failed to flag concerns
Westpac did not pass on “serious concerns” about a financial planner to his subsequent employer, bank inquiry hears.
‘Bank boards responsible too’
Treasurer Scott Morrison has put company boards on notice that they are ultimately responsible for corporate culture.
Brenner’s head next to roll
AMP chair Catherine Brenner moved to save herself by fast forwarding Craig Meller’s exit, but her position is untenable.
A role model for young ladies?
It might pay you to take a leaf out of AMP chairman Catherine Brenner’s personal playbook of wealth management.
Banks face $210m fines
Major banks could face maximum fines of $210m or be stripped of 10 per cent of their annual turnover for serious misconduct.
Jail ‘unlikely’ for AMP execs
Senior lawyers have played down the prospect of AMP executives or directors going to jail.
‘Cash before customers’
Banks delayed their crackdown on dodgy practices in favour of more lucrative activities, an inquiry has heard.
‘I never thought I’d be lied to’
Nurse Jacqueline McDowall paid tens of thousands to a Westpac planner for help on her retirement dream. His advice cost her dearly.
Original URL: https://www.theaustralian.com.au/topics/bank-inquiry/page/33