Banks could still behave badly
In leaving banks to continue ‘vertical integration’ — where they try to be one-stop shops — the risk of bad behaviour has by no means been eliminated.
Bank Inquiry
Hayne: the main points
At a glance | These are the Hayne royal commission’s key recommendations.
Call to ban trailing commissions
Recommendations to cut commissions for mortgage brokers and financial advisers will send shockwaves through industry.
Structural shake-up falls short
The royal commission makes all the right noises about wrongdoing, but misses the mark over deeper reforms.
Banks will breathe easy
Some serious reforms are coming down the line, just not for banks.
Government backs compo scheme, reforms
Morrison government agrees to conditionally back 76 of Hayne’s recommendations, including new consumer compensation scheme.
Super default fund shake-up
Banking royal commission calls for end to industry-linked default fund rules that has created multiple accounts.
NAB’s Thorburn, Henry lashed
Hayne takes aim at NAB, saying he fears a ‘wide gap’ between the public face of the bank and what it does in practice.
Royal commission calls for criminal charges
Two Australian financial institutions will face criminal charges, while 10 companies will be referred for further investigation.
The seeds of a banking disaster
The switch to a hard-selling culture helped prime the powder keg of problems now wreaking havoc in the financial sector.
Time to walk the Hayne talk
The success of the bank inquiry hangs on whether talk of putting customers first becomes more than mere lip service.
CBA arm forced to freeze fees
In a stinging rebuke that hits CBA on many fronts, ASIC has demanded its financial planning arm cease charging fees.
Banks braced for hammering over their ‘woeful’ behaviour Banks brace for a hammering
Banks are bracing for the biggest overhaul of their operations in generations with the release of the royal commission report today.
Boards must now ride the wave of change, or drown
The Hayne interim report and the APRA inquiry into CBA have provided important lessons for the corporate community.
Hayne findings could hit ANZ’s IOOF deal
Deal-makers are nervously waiting to assess the impact the Hayne findings could have on corporate transactions.
Holding out for Hayne — an investor’s guide
Investors should be more protected after the Hayne report butthey must also navigate a changed landscape.
Royal commission risks missing mark on deeper issues Royal commission risks missing mark on deeper issues
On the day the draft report of the financial services inquiry was released last year, banks’ share prices jumped around 3 per cent.
APRA ‘ignored’ CBA offences
APRA made no effort to prosecute the Commonwealth Bank over more than 15,000 criminal breaches of superannuation law.
Hayne no-nonsense to the end
After 10,000 public submissions, it was all over in a few minutes.
D-day for our banks
On the eve of the release of Kenneth Hayne’s final report, we examine what it will mean for banks, markets and regulators. Brace for the industry to be permanently reshaped.
FSU gets access to Hayne lockup
The Financial Sector Union had been knocked back in an eleventh-hour misunderstanding between the union and Treasury.
Is Hayne the tipping point?
Things in property and the broader economy are in a delicate state, and it’s within Kenneth Hayne’s power to tip the balance.
Half of all home loan requests knocked back
The major banks are rejecting up to half of all home loan applications amid uncertainty around the finance sector.
Bank execs ‘off to jail, I hope’: keen interest in report
Australians are keenly awaiting the outcome of the financial services royal commission.
AMP reaps $100m in zombie fees
Scandal-plagued AMP is reaping more than $100m in fees every year from 1.1 million zombie superannuation accounts.
Treasurer’s bank reform pledge
Josh Frydenberg vows to restore trust in the financial system, as the government races ahead of the royal commission report.
Brokers on tenterhooks
The nation’s mortgage broking industry is nervous ahead of the release of Hayne royal commission’s landmark recommendations.
Hartzer picks a strange time to launch a defence
The unknown unknowns are what should worry investors heading into next week’s release of the banking royal commission report.
Hayne sparked first strikes: ASIC
The bank inquiry helped fuel a spike in first strikes at the most recent AGM season, according to a new ASIC review.
Carnell warns of SME credit crunch
Small business ombudsman Kate Carnell has warned of a “credit squeeze” in the $300 billion SME sector.
Original URL: https://www.theaustralian.com.au/topics/bank-inquiry/page/6