The bank, the whistleblowers, the regulator and the lost savings

Adele Ferguson and Chris Vedelago SPECIAL: How the nest eggs of hundreds of retirees were placed, without permission, in high-risk products that generated big fees for the People’s Bank.

CBA

Rogue planner kept job amid forgery allegations

Adele Ferguson and Chris Vedelago CBA was aware of forgery allegations by a key senior financial planner at least nine months before he resigned and four years before he was banned from the industry.

Banks

ANZ, Macquarie rapped in Singapore rate probe

Clancy Yeates ANZ Bank and Macquarie have been implicated in an interest rate rigging scandal in Singapore, forcing each of them to set aside extra capital.

Housing

Banks battle on fixed rate mortgages

Clancy Yeates Banks are stepping up their attempts to reignite the mortgage market through fixed-rate home loans, with HSBC cutting rates on two-year fixed loans for new business to a record low.

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Malcolm Maiden

Snowball clears the desks

Malcolm Maiden Patrick Snowball has got the monkey off his and Suncorp’s back with the sale of ''bad bank" assets to Goldman Sachs.

Shareholders

Suncorp to increase dividends

Clancy Yeates Suncorp has sold $1.6 billion worth of troubled property loans from its ‘‘bad bank’’ to Goldman Sachs.

TAX WORD

Mike Bannon THE AUSTRALIAN Business Register records all businesses that have an Australian Business Number. Without an ABN, a business cannot charge GST or claim GST credits embedded in the cost of their inputs.

ASSET CHECK

Daryl Dixon LAST WEEK'S public service informant highlighted the extreme complexity of administering the additional 15 per cent surcharge on the superannuation contributions of taxpayers earning above $300,000...

CBA

Hockey's mother-in-law stung by rogue financial planners

Adele Ferguson and Chris Vedelago Patricia Babbage still gets emotional when she thinks about her horrific experience at the hands of a financial planner employed by the Commonwealth Bank.

CBA

ASIC grilled over role in financial planning scandal

Chris Vedelago and Adele Ferguson ASIC is facing renewed political pressure over its failure to act in the Commonwealth Bank financial planning scandal.

Banks

Ex-CBA exec heads Macquarie's 'Project Linus'

Michael West Macquarie Group has hired a former Commonwealth Bank executive to handle its regime of regulatory sanctions.

Debt

Moody's mulls over Aussie bank bond ratings

Clancy Yeates Moody’s will consider downgrading its credit ratings on subordinated debt issued by the Australian banks, as global regulators take a tougher line on bondholders in distressed banks.

Banks

CBA worries about Apple, Google

The competitive threat posed to the Commonwealth Bank by the likes of Apple and Google is as great as that of its big three rivals, its chief executive Ian Narev says.

Can a financial planner really help me?

Phil Thompson You should also look for an independent financial planner.

TAX WORD

Mike Bannon POLITICIANS of both major political parties trade on voters having short memories. Less than two months ago when Labor planned to attack superannuation concessions, Opposition Leader Tony Abbott and...

Survival of the fittest

The stockmarket is a sea of sharks. Bill Harcourt reveals the delicate balance needed in the hunt for profits.

What is the impact of the budget on super?

Phil Thompson After much speculation, superannuation has been largely untouched.

Insurance

QBE avoids tornado fallout

Clancy Yeates The catastrophic Oklahoma tornado could have a damage bill of up to $3b, raising the prospect of another wave of claims for insurance companies.

Mortgages

Home loan wars heat up as Westpac cuts

Glenda Kwek Westpac fires the latest salvo in the fixed-rate home loan wars as lenders battle for new borrowers following the RBA's cash rate cut.