The brutal reality is this is a sector with poor protections and limited transparency.
Adele Ferguson comments on companies, markets and the economy.
In the year to June 30, 2016 ASIC clawed back more than $200 million in compensation for customers and investors who suffered losses due to “bank bastardry”.
A global banking survey by Ernst & Young has quantified the trust gap between customers and banks.
Scandal-plagued convenience store chain 7-Eleven and its franchisees are under investigation from the Victorian and NSW state governments over their alleged failure to pay state payroll tax.
When the big four banks are called to parliament to face their first public hearings on October 4, 5 and 6 it is worth remembering that financial misconduct isn’t unique to Australia.
The $44 billion life insurance industry will face a powerful inquiry. It can't come soon enough
The alleged 'bullying' tactics waged against 7-Eleven franchisee Helen Ren by head office has sent chills through the convenience store giant’s franchise network.
A 97-year-old victim of banned Commonwealth Bank star financial planner 'dodgy' Don Nguyen, is fighting the bank for compensation.
As the clock starts ticking on the introduction of a code of conduct for the scandal-ridden life insurance industry, the sector needs to think carefully about releasing a half baked code as calls for a royal commission get louder.
With revelations 7-Eleven stores are still plagued with wage fraud, it is disappointing to see the government fail to include worker exploitation in its 25 priority policy list.