Adele Ferguson

Adele Ferguson

Adele Ferguson comments on companies, markets and the economy.

Life insurance industry failing to heal itself

Adele Ferguson A controversial report into the $40 billion life insurance industry has questions hanging over its integrity.

Slater & Gordon's British foray carries injury risk

Adele Ferguson Slater & Gordon’s purchase of a personal injury law firm in Britain at a price just shy of its market capitalisation will give it a massive short-term sugar hit, but longer term the aftertaste...

Insurers unsure on life beyond churn

Adele Ferguson dinkus

Adele Ferguson Within hours of a key review's release, the industry started fighting with itself.

More woes for National Australia Bank as Senator Sam Dastyari enlists British help

Adele Ferguson

Adele Ferguson National Australia Bank's nightmare is about to deepen as Senator Sam Dastyari seeks co-operation from the British parliament.

Handle with care: Tony Abbott must tread carefully with Ian Harper's report

Adele Ferguson When Professor Ian Harper hits the send button on the final report on his wide-reaching competition policy he should include a warning notice to the Abbott government to "handle with care".

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What exactly is a Tailored Business Loan?

Finance

Adele Ferguson A Tailored Business Loan is a loan with embedded interest rate hedging. TBLs are referred to as "loans with embedded swaps" or "loans with embedded interest rate protection products".

NAB's dream-destroying 'Death Star' that is Clydesdale Bank

Nab death star

Adele Ferguson NAB's British banking operations have left a trail of despair as treacherous loan agreements hid dangers from small business owners and cost them everything.

Comments 6

NAB's loans nightmare clouds UK float plans

Adele Ferguson

Adele Ferguson National Australia Bank is assessing the ramifications of a damning parliamentary report into alleged misconduct by its British banks that raises questions about its plans to float its UK banking arm.

Comments 1

Reform remains elusive for troubled insolvency sector

Disgraced liquidator Stuart Ariff, seen here in 2009, will leave jail in the coming weeks.

Adele Ferguson Disgraced liquidator Stuart Ariff will be released on parole on March 25 after serving four years in jail on 19 counts of criminal fraud.

NAB not deserving of trust on financial planners

Adele Ferguson dinkus

Adele Ferguson National Australia Bank’s “trust me” approach to its handling of financial advice misconduct will strengthen calls for a royal commission.

National Australia Bank will need more than remorse to satisfy Senate grilling

NAB.

Adele Ferguson NAB executives will need to pull a rabbit out of a hat when they front a senate estimates hearing.

Comments 1

APRA and ASIC keeping keen eye on banks

Adele Ferguson dinkus

Adele Ferguson Times seem to be changing in prudential regulation. On Monday, for the second time in a week the prudential regulator APRA has reached out across the regulatory divide over the behaviour of the big...

Banks under fire on super deals

Betting generic.

Adele Ferguson A survey of 550 small to medium sized businesses has found evidence of “widespread systemic breaches” of the law by the big four banks over the past 12 months.

NAB scandal: Rogue financial planners given latitude by lack of regulation

NAB

Adele Ferguson and Ruth Williams Meritum, a financial advice operation wholly owned by National Australia Bank, finally made a call on high-profile and long-serving financial planner, Alfie Chong in June.

Comments 2

NAB boss Andrew Thorburn's dress rehearsal

National Australia Bank boss Andrew Thorburn polishing the lines he hopes will let him ride out the crisis.

Adele Ferguson NAB is suffering from a crisis in confidence following a series of scandals over the past couple of years.

Senate to grill top NAB executives over financial planning misconduct

Andrew Thorburn, managing director and chief executive officer of the National Australia Bank Group.

Nassim Khadem and Adele Ferguson NAB chief executive Andrew Thorburn will have to face questions at a Senate inquiry as soon as next week following revelations of misconduct in the bank’s financial planning division, and the...

Adele Ferguson

NAB leaks: Senator's push for white collar royal commission gains steam

Adele Ferguson The Nationals senator who triggered a landmark senate inquiry into Commonwealth Bank of Australia and ASIC has submitted draft terms of reference for a royal commission into white collar crime to...

Calls for wider inquiry into financial planning industry

The heat will continue to be on the NAB this week.

Clancy Yeates and Adele Ferguson Calls are growing for a Royal Commission into the entire financial planning industry, as new leaked documents reveal National Australia Bank identified five key areas within its advisory activities...

ASIC allowed NAB to check and alter media release into bank's Wealth's Navigator errors

ASIC

Adele Ferguson, Ruth Williams The corporate regulator agreed to alter a media release about a significant system error at National Australia Bank after it gave the bank the chance to "review" and suggest changes to the document...

Whistleblower's NAB leak reveals persistent bad behaviour in financial planning, fuels royal commission calls

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Adele Ferguson and Ruth Williams It was early August 2014, and the financial advice industry was on red alert. Within National Australia Bank, a sensitive and explosive internal report was circulating.