Hayne fallout
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Executive pay
AMP investors revolt over executive bonuses, weak share price
Almost half of all shareholder votes opposed AMP’s remuneration report on Friday, amid concerns about how the company set executive bonuses.
- by Clancy Yeates
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Deal or no deal? The rapid rise and fall of fines for bankers
The episode could have longer-term repercussions for the government’s relationships with key crossbenchers, and has left a blot on its dealings with the banking and finance sector.
- by Rachel Clun
Plans for banker fines to return next year as government scrambles to fix deal
Treasurer Jim Chalmers says the government will take more time to consult on the details of the legislation that was pulled from the Senate this week.
- by Shane Wright
Million-dollar fines dumped after bankers raised ‘legitimate concerns’
Laws introducing fines for dodgy finance executives have been shelved after several bank bosses expressed their surprise and disappointment.
- by Rachel Clun
Million-dollar fines for ‘dodgy’ bankers
Banking executives will cop fines of up to $1.1 million if they turn a blind eye to the kind of misconduct uncovered by the Hayne royal commission.
- by Rachel Clun
ASIC lays out ground rules on corporate compensation
The corporate regulator has warned companies against dragging the chain on remediating customers, having overseen at least $5.6 billion in compensation to victims of dodgy financial practices over the past six years.
- by Simone Fox Koob
ASIC warns life insurers over ‘unwarranted’ surveillance
The watchdog has raised concerns that insurers may have been unnecessarily putting customers who are making mental health claims under surveillance.
- by Clancy Yeates
Arrogant, insular, ignorant: Commonwealth Bank chief reflects on bank’s past failings
CBA boss chief Matt Comyn says the bank’s success led to complacency, ignorance and arrogance within its ranks.
- by Simone Fox Koob
‘Serious failure of corporate governance’: Former CBA subsidiary fined $1.71m after charging dead people fees
A total of 499 dead members were charged almost $700,000 in adviser service fees by Avanteos Investments Limited.
- by Simone Fox Koob
‘Outrage and mania’: Former NAB chair Ken Henry slams business leaders, politicians
Ken Henry has revealed a litany of failures at the bank while delivering a scathing assessment of Australia’s stakeholder capitalism.
- by Charlotte Grieve
What will happen to house prices after the election?
After the 2019 federal election, house prices lifted. This time, a downturn is far more likely, with interest rate rises predicted to hit mortgage holders.
- by Melissa Heagney
Original URL: https://www.watoday.com.au/topic/banking-royal-commission-fallout-1mpa