Banks exploit power to overcharge for service, constrain competition: report
Banking Royal Commission to look at superannuation insurance
Already under sustained pressure from the Royal Commission, banks and financial services firms were dealt a lashing from the Treasurer at the launch of a scathing report from the Productivity Commission.
Scott Morrison says the institutions are offering customers no genuine transparency around products or pricing.
SkyNews: Disgraced Bankwest manager financially ruined Qld farmer
The Banking Royal Commission is about to turn its spotlight on the compulsory superannuation sector and reveal massive problems with the insurance associated with many superannuation accounts.
7:30 Report IOOF
The banking royal commission has heard how a Bankwest Manger engaged in inappropriate and improper selling, which saw Queensland cattle farmer Melville Ruddy face financial disaster. Mr Ruddy and his wife were initially planning to sell their cattle farm ‘Sunrise ‘in 2011 to pay of their debt, when a persistent Bankwest manager offered them a refinancing package instead. See the full vide https://www.skynews.com.au/details/_5808318930001
'They have no right to be there' whistleblower on CBA board after APRA report
Fraud and insider trading claims laid bare but still no hunger for broader industry inquiry.
Australians losing faith in the big banks after latest CBA scandal
"The current board has demonstrated that they have no right to be there and that they should go," whistleblower Jeff Morris says it was a wake-up call for the government as much as it is the banks
'I gift wrapped Commonwealth Bank for ASIC and it did nothing'
The latest Commonwealth Bank scandal has seen Australians further lose faith in the big banks.
It comes after weeks of news out of the Financial Services Royal Commission, and just a few days after a damning report from the banking regulator, APRA.
No room in the Kathmandu tent for bruisers David Kirk and Rod Duke
To have one bank go rogue may be regarded as unfortunate but to have them all go rogue smacks of carelessness. Or, to put it another way: one rogue bank is a bank scandal, when they all go rogue it is a failure of regulation.
Jeff Morris: royal commission into banks necessary and inevitable
Former All Blacks captain David Kirk can expect a bruising encounter when he chairs Kathmandu's shareholder meeting in Christchurch this Friday.
The Satureday Paper: Heads must roll at corporate regulator ASIC
ELIZABETH JACKSON: Jeff Morris first blew the whistle on misconduct in the Commonwealth Bank of Australia's financial planning arm eight years ago.
In 2014 he was vindicated when a Senate inquiry delivered a scathing verdict on the bank's mis-selling of financial products to clients who lost millions of dollars.
CBA accused of bullying as regulator APRA asked to prosecute bank staff
Greg Medcraft, the chairman of beleaguered corporate regulator the Australian Securities and Investments Commission (ASIC), has had an interesting career.
Poor culture on display as customers lose out again
The chair of the powerful Senate economics references committee has lashed out at the Commonwealth Bank for its "unacceptable" lack of attendance at a Senate inquiry into wrongdoing within its insurance arm CommInsure and accused the bank of bullying.
The cost of whistleblowing and need for a bank royal commission
In the lead-up to the federal election there are a lot of last-minute parliamentary reports being released. What happens next has a big question mark hanging over it.
Cancer victim battles CBA for mortgage relief
Over the past three years, my stories at Fairfax Media and the ABC's Four Corners, covered serious failures and misconduct from our biggest companies.
Liberal Mathias Cormann faces grilling for avoiding Royal Commission into banks
The year 2014 should have been a happy one for Emmaline and Rainer Mathews, who were expecting their second child.
97-year-old fights CBA for compensation after shoddy advice from dodgy Don Nguyen
A royal commission into banks is back on the agenda in the dying days of the election campaign, after whistleblower Jeff Morris asked about the issue on national television.
A 97-year-old victim of banned Commonwealth Bank star financial planner "dodgy" Don Nguyen is fighting the bank for compensation after hundreds of thousands of dollars of her retirement savings were destroyed.