More bank shake-ups ahead: BoQ
Bank of Queensland has declared progress in reforms to pay and sales, as it warned of further regulatory changes to come.
Bank Inquiry
Bank CEO asked for a pay cut Bank CEO asked for a pay cut
ANZ’s board cut three executives’ pay, despite Shayne Elliott defending them. He then asked his pay be cut too.
NAB in Christmas mortgage blitz
The bank is embroiled in a new pressure-selling scandal, urging its brokers to sell five mortgages each before the end of this week.
ANZ compo for two million ANZ compo for two million
ANZ will have to pay compensation for two million accounts held by customers who have been ripped off by the bank.
Elliott baulks at Hayne’s pay regime for senior execs
ANZ boss Shayne Elliott backs royal commissioner Ken Hayne on corporate remuneration — up to a point.
ANZ to pay compo on 2m accounts
ANZ admits its process for paying back ripped-off customers has been flawed and too slow, as it faces a big compensation bill.
Keep it simple, Dr Henry
NAB chair Ken Henry may be smart but on board duty he has lost the plot, and needs to learn his role as a company leader.
AMP backs ‘one stop shop’ model
AMP’s acting chief has defended its “vertically integrated” model after critical internal views were aired at royal commission.
AMP risks $1bn super fee scandal
AMP faces the risk of a new fee scandal in its superannuation business.
Wilkins admits failure to educate
AMP’s acting chief Mike Wilkins has conceded that the financial services major had not adequately educated its adviser network.
Bank remediation steps ‘dysfunctional’ Bank remediation steps dysfunctional: Henry
Negotiating with ASIC over how customers who have been ripped off should be remediated is a ‘dysfunctional process’.
Henry could be a liability at NAB
Ken Henry’s performance at the royal commission raises the question how much longer he can continue as chairman of NAB.
NAB boss regrets bonus cut delays
NAB chairman Ken Henry said the bank’s board should have cut executive bonuses earlier.
Still no ownership to letter
As of today, there’s still no owner of the inflammatory letter sent by National Australia Bank to ASIC this year.
‘Low-doc’ lenders risk prosecution: ASIC
Lenders pushing ‘low-doc’ loans face increased risk of prosecution as well as higher credit risk, ASIC has warned.
AMP may face fresh fee scandal
AMP’s acting chief has revealed compensation costs have blown out to $778m as he notes it could face another fee scandal.
Another fees for no service issue?
AMP reveals it could be facing another fees for no service issue for workplace superannuation and employer plans.
NAB scandals didn’t cut bonuses
Senior NAB executives still got their full bonuses in 2016 despite directors being unhappy about a rising tide of breaches.
Boards are accountable for everything and/or nothing
NAB chairman Ken Henry was in an expansive mood, explaining what boards can be held accountable for and to whom.
Thorburn unsure of fee compo
NAB’s boss does not know how much might have to be repaid back if the bank extends its existing compensation scheme.
Thorburn defends loan intro scheme
NAB CEO Andrew Thorburn has backed the controversial mortgage introducer program and staff bonuses.
we are going to need a sizeable stick to keep these big boys in order
Our five biggest banks employ more people than the federal public service.
Henry lyrical on backing bold
A seven-word question — a 665-word answer.
NAB chief traps himself
Andrew Thorburn yesterday fell into a hole that was cavernous, and the NAB boss might struggle to find an exit.
NAB chief warns: culture fix may be a decade away
National Australia Bank chairman Ken Henry has warned that it may take a decade to fix the lender’s broken culture.
Will pain change the banks?
The best hope is that lessons from the royal commission will have such a strong impact they’ll change banks’ mindset for ever.
Backlash could hit innovation
Boards are becoming nervous about bold decisions needed to keep pace with global rivals, especially from China.
Comyn warned of compo risk
Matt Comyn warned CBA might have to compensate ripped-off term deposit customers, as he wrote a pitch for the CEO job.
Friendly approach to banks a ‘mistake’
The corporate regulator has admitted it allowed Commonwealth Bank to help draft a media release.
Banking tellers of truth and obfuscation
Some witnesses struggled, some survived and some shined. We rate the banking royal commission performances.
Original URL: https://www.theaustralian.com.au/topics/bank-inquiry/page/8