Banking & finance | Industry, Markets and Company News | The Canberra Times

Business

Banking & finance

Advertisement
Six years for refunds, that's how low we are on banks' priority list

Six years for refunds, that's how low we are on banks' priority list

If there was any lingering doubt where customers rank in the priority list of our biggest banks, a new report lays it out bluntly.

  • by Adele Ferguson

Latest

'Lax' IOOF management accused of misleading board
Exclusive
Banking royal commission

'Lax' IOOF management accused of misleading board

The prudential regulator has blasted financial heavyweight IOOF, accusing the company's management of misleading its board.

  • by Sarah Danckert
Photocopier technician to repay NAB loan 'commissions'
Crime

Photocopier technician to repay NAB loan 'commissions'

A Melbourne man who received almost $800,000 in commissions from the National Australia Bank for loans he never referred has avoided jail.

  • by Karen Sweeney
'Unacceptable': ASIC slams banks' delays in finding, fixing breaches
Big four

'Unacceptable': ASIC slams banks' delays in finding, fixing breaches

Major banks are taking more than 4.5 years on average to identify significant breaches of the law and then another 226 days to pay affected customers after completing their investigations.

  • by Ruth Williams
Stamp out banker misconduct through competition, says ME Bank
Home loans

Stamp out banker misconduct through competition, says ME Bank

ME Bank says promoting a more competitive banking industry is the best way to stamp out bad behaviour.

  • by Clancy Yeates
Alleged scam accountant Whiteman wanted a 'favourable' liquidator
Insolvency

Alleged scam accountant Whiteman wanted a 'favourable' liquidator

Liquidator Glenn Crisp made headlines in 2015 when he claimed he lost his job due to compromising photos of him by sex industry stalwart Maxine Fensom.

  • by Sarah Danckert
Advertisement
Invest more to avoid becoming the Kodak of finance, APRA tells banks
Fintech

Invest more to avoid becoming the Kodak of finance, APRA tells banks

Banking regulator Wayne Byres is urging financial businesses to boost investment in technology systems, to avoid the fate of once-iconic brands

  • by Clancy Yeates
Make no mistake: I want to hear genuine contrition from banks
Opinion
Banking royal commission

Make no mistake: I want to hear genuine contrition from banks

When banks rip people off, they say sorry for their mistake. But their only regret seems to be getting caught.

  • by Bronwyn Bryceson
Insurers should lose carve-outs: consumer groups
Banking royal commission

Insurers should lose carve-outs: consumer groups

Insurance companies are facing a fresh fight over the expansion of unfair contract laws, after the damaging allegations of misconduct at the royal commission.

  • by Clancy Yeates
Wealth giants bear brunt of royal commission fallout
Analysis
Banking royal commission

Wealth giants bear brunt of royal commission fallout

More than $12 billion has been wiped off the value of major financial stocks this year as the Hayne royal commission has compounded an already weak trading environment.

  • by Clancy Yeates & Sarah Danckert
It's time for the world of missed opportunities to stop
Opinion
Banking royal commission

It's time for the world of missed opportunities to stop

Clearly, it’s time for policy bureaucrats and regulators to dirty their hands and become involved with what’s happening in the real world.

  • by Daryl Dixon