Banking royal commission

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'Worse than ever': Australian bank culture has not improved since royal commission, staff say
Workers insist pay is still linked to hitting sales benchmarks and leaderboards to track sales are rife

Ben Butler

06, Apr, 2021 @5:30 PM

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Scrapping responsible lending laws a 'disaster' that could drown Australians in debt, consumer groups say
Treasurer Josh Frydenberg wants the law changed to help the Covid recovery despite the banking royal commission saying it should not be touched

Ben Butler

19, Jan, 2021 @4:30 PM

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No accounting for banks? Frydenberg's response to the royal commission is on hold
Treasurer links dumping of key recommendations to stimulating economy as consumer advocates fear lessons from royal commission have been lost

Ben Butler

18, Jan, 2021 @4:30 PM

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Banking royal commission: most recommendations have been abandoned or delayed
Analysis shows 45 of Kenneth Hayne’s 76 recommendations have yet to be implemented and four have been abandoned

Ben Butler

18, Jan, 2021 @4:30 PM

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Frydenberg declares war on corporate regulator in a bid to reduce powers
Australian Securities and Investments Commission under pressure in parliamentary committee following expenses scandal

Ben Butler

19, Nov, 2020 @12:48 AM

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Funeral insurer accused of targeting vulnerable Aboriginal communities now facing deceptive conduct charge
Asic is suing the Aboriginal Community Benefit Fund, which for decades sold funeral insurance almost exclusively to Indigenous people

Lorena Allam

07, Nov, 2020 @7:00 PM

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Frydenberg's move to dump lending laws 'shortsighted', consumer groups say
Warning treasurer’s decision will green-light repeat of ‘harrowing’ stories revealed at banking royal commission

Ben Butler

25, Sep, 2020 @1:58 AM

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Australian car buyers launch class action against Westpac over alleged secret dealer commissions
Hundreds of thousands of buyers allegedly paid as much as three times the normal bank interest rate when arranging finance through a car dealer

Ben Butler

16, Jul, 2020 @10:39 AM

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AMP chief gets pay rise of up to $1.8m despite company posting $2.5bn loss
‘If I don’t perform, I don’t get paid,’ says Francesco De Ferrari, of 66% increase in his potential bonus

Ben Butler

13, Feb, 2020 @12:54 AM

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Westpac knew anti-crime provisions were inadequate years ago, MPs told
Labor senator reads out secret report in parliamentary inquiry over objections from bank

Ben Butler

07, Feb, 2020 @7:27 AM

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AMP fined $5m for allowing financial advisers to rip off clients
Federal court ridicules company’s defence of just one ‘bad apple’, saying financial services group was ‘the right place’ for greed

Ben Butler

06, Feb, 2020 @1:04 AM

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Labor attacks Josh Frydenberg for failing to meet banking royal commission deadline
Labor claims that although six of the recommendations have been implemented, the government has fallen behind their set timeframe

Ben Butler

31, Jan, 2020 @7:00 PM

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