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banking royal commission

Labor takes aim at focus of banking royal commission

Labor takes aim at focus of banking royal commission

Chris Bowen says Coalition must ensure banking culture investigated and secure bipartisan agreement on terms of referenceThe shadow treasurer, Chris Bowen, has warned the Turnbull government it must
Banking royal commission: CBA admits it failed to find system error for four years

Banking royal commission: CBA admits it failed to find system error for four years

ANZ under pressure over 300,000 unsolicited overdraft offers it sent out to customersANZ has been criticised for sending more than 300,000 letters to customers offering overdraft facilities without
Banking royal commission told 90% of financial advisers ignored clients' best interests

Banking royal commission told 90% of financial advisers ignored clients' best interests

Inquiry also told that just 35% of all financial advisers have a degree at bachelor level or aboveAustralia’s corporate regulator has revealed 90% of financial advisers who provide advice to
Banking royal commission: CBA agrees it is the 'gold medallist' at fees for no service

Banking royal commission: CBA agrees it is the 'gold medallist' at fees for no service

Tony Abbott says hearings casting spotlight on ‘contemptible’ practices despite his earlier opposition• Sign up to receive the top stories in Australia every day at noon The Commonwealth Bank has
Regulator needs stronger powers to deal with bank misconduct, Choice says

Regulator needs stronger powers to deal with bank misconduct, Choice says

Consumer watchdog says it is clear AMP and Commonwealth Bank ‘feel no compulsion to abide by the law’The corporate regulator should be given stronger powers, and the ability to impose larger
Banking royal commission: all you need to know – so far

Banking royal commission: all you need to know – so far

The inquiry into banks and financial services firms has revealed malpractice that in some cases has ruined livesSign up to receive the top stories in Australia every day at noon The banking royal
Westpac held back details from rival about dodgy financial adviser

Westpac held back details from rival about dodgy financial adviser

Bank admits to inquiry that it took months for it to report the planner’s breaches to Asic • Sign up to receive the top stories in Australia every day at noonWestpac has admitted it failed to tell a
Kelly O'Dwyer forced to admit banks royal commission was needed

Kelly O'Dwyer forced to admit banks royal commission was needed

Finance minister defends delay in calling inquiry, saying it was a ‘sober and deliberate’ decision • Sign up to receive the top stories in Australia every day at noonKelly O’Dwyer has been forced to
Banking royal commission: Labor asks Turnbull for compensation scheme

Banking royal commission: Labor asks Turnbull for compensation scheme

Letter to prime minister calls for inquiry extension, victim compensation and apology from Coalition • Sign up to receive the top stories every morningLabor has demanded the government establish a
Banking royal commission: AMP head of compliance grilled over financial planners – live

Banking royal commission: AMP head of compliance grilled over financial planners – live

Commission continues with further cases of inappropriate advice involving ANZ and AMP, then NAB financial advisers. Follow it live … 5.43am BST Outside Monday’s hearings there has been quite a
Banking royal commission: celebrity adviser asked that misconduct investigation be kept confidential – as it happened

Banking royal commission: celebrity adviser asked that misconduct investigation be kept confidential – as it happened

‘Commercial interests’ trumped interests of consumers, ANZ admits. NAB’s Andrew Hagger gives evidence about falsifying of forms. All of the day’s testimony 7.58am BST That’s where we leave the royal
Falsifying forms and impersonating clients among revelations at banking inquiry

Falsifying forms and impersonating clients among revelations at banking inquiry

As the royal commission heard evidence against NAB and ANZ, a class action against AMP was being investigatedSign up to receive the top stories from Guardian Australia every morning National Australia
Banking royal commission: proceedings halted after key witness collapses

Banking royal commission: proceedings halted after key witness collapses

Ambulance called after Dover Financial’s Terry McMaster collapses while giving evidenceSign up to receive the top stories in Australia every day at noon 7.39am BST A quick summary of this afternoon’s
Asic's conflict-of-interest policies under microscope after AMP revelations

Asic's conflict-of-interest policies under microscope after AMP revelations

Greens senator Peter Whish-Wilson also wants donations from major banks and financial planners to go into victims compensation fund• Sign up to receive the top stories in Australia every day at noon
Banking royal commission: Westpac, AMP and CBA may have breached Corporations Act – live

Banking royal commission: Westpac, AMP and CBA may have breached Corporations Act – live

Spotlight turns to ANZ and its financial advice groups 7.18am BST Turning to Dover Financial and to Terry McMaster - who collapsed while giving evidence yesterday - Orr says the three cases examined
Banking royal commission piles up the heat on AMP chairman and board

Banking royal commission piles up the heat on AMP chairman and board

There is talk that AMP will hold a crisis meeting on Sunday and Catherine Brenner could be asked to resign• Sign up to receive the top stories in Australia every day at noon The pressure on AMP’s
Offending bankers will be brought to account, Malcolm Turnbull says

Offending bankers will be brought to account, Malcolm Turnbull says

Prime minister wants financial advice given in plain language and conversations with customers recorded• Sign up to receive the top stories in Australia every day at noon Malcolm Turnbull wants
How do I find an honest financial adviser? | Xavier O'Halloran

How do I find an honest financial adviser? | Xavier O'Halloran

The banking royal commission has revealed that not all advice is to be trusted. Here’s a checklist to help guard against the shonksSign up to receive the latest Australian opinion pieces every
Are bank scandals and irresponsible spending the Coalition's legacy? – Australian politics live podcast

Are bank scandals and irresponsible spending the Coalition's legacy? – Australian politics live podcast

Guardian Australia’s Katharine Murphy, Gareth Hutchens and Greg Jericho join Shane Wright from the West Australian to break down why the government is playing catch-up on the scandals exposed in the
Commonwealth Bank's chief financial officer resigns after less than a year

Commonwealth Bank's chief financial officer resigns after less than a year

Rob Jesudason replaced by Alan Docherty on an interim basis while CBA considers candidatesThe Commonwealth Bank’s chief financial officer, Rob Jesudason, has resigned with immediate effect after less