Adele Ferguson

Adele Ferguson

Adele Ferguson comments on companies, markets and the economy.

Ferguson

Banking on long way to redemption

Adele Ferguson dinkus

Adele Ferguson On Tuesday morning Commonwealth Bank whistleblower Jeff Morris jumped in his car and headed to Canberra for a meeting with the politician at the centre of key decision making on financial planning...

Nationals John Williams calls for a royal commission into white collar crime in wake of Commonwealth Bank scandal

John Williams.

Adele Ferguson, Ben Butler The Nationals senator key to last week's bombshell report into fraud, forgery and a cover-up in the financial planning division of the Commonwealth Bank has called for a royal commission on white...

Banking

CBA may fall victim to hubris as pressure rises over financial planning scandal

Ian Narev.

Adele Ferguson The CBA scandal has become emblematic of what is wrong in the financial planning industry.

Adele Ferguson

CBA response light on details as it finally steps up

Adele Ferguson dinkus

Adele Ferguson 'It seems the chickens are simply being invited back into the henhouse for dinner with the fox.'

Scandal

CBA sorry 'too little, too late'

Comm Bank: 030714: AFR News: 3rd of July 2014: CEO of The Commonwealth Bank Ian Narev faces questions at a press conference at the bank’s Sussex St offices in Sydney, responding to pressure for a Royal Commission into the banks behaviour with investors money. Photo by James Alcock.

Adele Ferguson and Ben Butler A bid by Commonwealth Bank chief executive Ian Narev to defuse the financial planning scandal engulfing the bank by ''unreservedly'' apologising and opening a compensation scheme to up to 400,000...

CBA

CBA announces new compensation scheme for financial planning victims

Commonwealth Bank logo being peeled. Illustration by Simon Bosch

Adele Ferguson and Ben Butler Commonwealth Bank chief executive Ian Narev has bowed to community, industry and government pressure over the financial planning scandal by announcing a new compensation scheme for victims this...

Regulation

Fees still flowing to CBA from 'Zombie funds'

Ian Narev

Adele Ferguson and Ben Butler Financial planners at the scandal-plagued Commonwealth Bank are still raking in lucrative commissions and fees for tipping their clients into $3.

Planning

Financial planners put CBA on notice over scandal

Adele Ferguson and Ben Butler The country’s peak body representing financial planners has taken a stand on the Commonwealth Bank, saying it will support a royal commission into the bank unless the bank agrees to form an...

Adele Ferguson

Narev needs to speak up and soon for CBA's good

Adele Ferguson dinkus

Adele Ferguson The longer it takes Commonwealth Bank boss Ian Narev to respond to a report into CBA's financial planning division and a call for a royal commission the worse it looks for the bank - and the industry.

CBA tellers driven to despair by hard sell

cba

Adele Ferguson, Ben Butler Pressure on bank tellers to push customers into Commonwealth Bank financial products such as insurance and managed funds is causing stress, depression and bullying, according to an explosive new...

CBA fallout widens as government mulls compo

MELBOURNE,AUSTRALIA-JUNE 26,2012; Generic photo of the Commonwealth bank logo on a building in Melbourne  on Monday June 26, 2012. AFR / THE MULTIMEDIA AGENCY

Adele Ferguson, Ben Butler The Abbott government has put intense pressure on Commonwealth Bank chief executive Ian Narev to make a more ''considered'' public response to the bank's financial planning scandal, possibly...

Regulation

We can rebuild it: the plan to transform toothless tiger ASIC

ASIC logo.

Adele Ferguson, Ben Butler and Ruth Williams Amid troubling conclusions from a Senate report this week into misconduct at the Commonwealth was a damning indictment of ASIC.

Inquiry

CBA under pressure over payouts

Commonwealth Bank logo being peeled. Illustration by Simon Bosch

Adele Ferguson and Ben Butler The Commonwealth Bank may offer victims of its widely condemned financial planning scheme compensation worth hundreds of millions of dollars after intense pressure from the federal government to make...

Abbott government hoses down calls for royal commission into Commonwealth Bank over allegedly dodgy financial advice

Finance Minister Senator Mathias Cormann

Dan Harrison, Adele Ferguson The federal government is hosing down calls for a royal commission to probe Commonwealth Bank financial advisers over client's lost money.

Senators demand inquiry into CBA

MELBOURNE,AUSTRALIA-JUNE 26,2012; Generic photo of the Commonwealth bank logo on a building in Melbourne  on Monday June 26, 2012. AFR / THE MULTIMEDIA AGENCY

Adele Ferguson, Ben Butler A powerful Senate committee has called for the Commonwealth Bank of Australia to face a royal commission to investigate fraud, forgery and allegations of a cover-up inside its financial planning arm.

Commonwealth Bank scandal an opportunity to muck out the financial planning stables

Adele Ferguson dinkus

Adele Ferguson ''Systemic fraud'', ''systemic theft'', doctoring of customer files and ''lying to clients''. These were the words used by Senator Mark Bishop, the chairman of a powerful Senate inquiry into the...

Royal commission pressure on CBA

Commonwealth Bank logo being peeled. Illustration by Simon Bosch

Adele Ferguson and Ben Butler A powerful Senate inquiry has called for the Commonwealth Bank to face a royal commission to investigate fraud, forgery and allegations of a cover-up inside its financial planning arm.

Culture shock key to leaner, meaner ASIC

Adele Ferguson dinkus

Adele Ferguson A leaner, meaner corporate regulator with increased powers is something this country needs.

Senate inquiry turns up heat on Macquarie

PIC JIM RICE.06.09.2010.GENERIC
GENERIC MACQUARIE BANK . POOR PROFIT RESULT ANNOUNCEMENT.

Adele Ferguson and Ben Butler A Senate inquiry has called for the corporate regulator to put Macquarie Group's financial planning unit under 'intensive surveillance'.

Wronged Commonwealth Bank financial planning customers now in the Coalition’s hands

Merilyn Swan and Jeff Morris outside a Commonwealth Bank branch.

Adele Ferguson Whether the Coalition has the resolve to proceed with a separate royal commission into CBA and launch a separate special investigation into other tainted financial institutions will be a test of how...