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

Business

Banking & finance

Advertisement
Everything you need to know about the royal commission so far

Everything you need to know about the royal commission so far

After seven rounds of hearings featuring more than 100 witnesses, here's a wrap-up of what's happened so far and what might happen next.

  • by Sarah Danckert, Clancy Yeates & Ruth Williams

Latest

Commission's rap sheet proves its worth but some victims left voiceless
Opinion
Banking royal commission

Commission's rap sheet proves its worth but some victims left voiceless

The commission has put the spotlight on a sector that for years has hidden rampant misconduct in plain sight.

  • by Adele Ferguson
CommInsure, AMP could face criminal charges
Updated
Banking royal commission

CommInsure, AMP could face criminal charges

CBA's insurance arm and AMP have both been recommended for potential criminal charges at the royal commission.

  • by Sarah Danckert, Clancy Yeates & Ruth Williams
31,000 breaches of insurance code but no sanctions
Banking royal commission

31,000 breaches of insurance code but no sanctions

The shocking lack of regulation of general insurers and life insurance companies has been a key focus of the royal commission.

  • by Sarah Danckert
Flood-hit Hunter Valley family left to live in 'broken' house
Banking royal commission

Flood-hit Hunter Valley family left to live in 'broken' house

A Hunter Valley family with special needs children was forced to live in a house falling apart from flood damage during a long-running standoff with insurer Suncorp, which initially offered them just $30,000 to fix the cracking, disintegrating home.

  • by Ruth Williams
ASIC cracks down on cryptocurrency promoters
Cryptocurrencies

ASIC cracks down on cryptocurrency promoters

The regulator has stopped promoters of initial coin offerings and funds that invest in crypto-assets from raising money from retail investors.

  • by John Collett
Advertisement
Not-so lucky you're with AAMI: Suncorp's bushfire shame
Banking royal commission

Not-so lucky you're with AAMI: Suncorp's bushfire shame

For many AAMI customers who lost their homes in the 2015 Christmas Day Wye River bush fires their "complete replacement" policies did not replace much.

  • by Sarah Danckert
NAB pay revamp makes it much harder to reward bad behaviour
Analysis
Big four

NAB pay revamp makes it much harder to reward bad behaviour

NAB has unveiled its new executive remuneration scheme after the heat of the royal commission and regulatory pressure.

  • by Stephen Bartholomeusz
Banks' spring racing season begins with horse-trading on rates
Private banking

Banks' spring racing season begins with horse-trading on rates

For the banks, the start of spring is crucial to their marketing schedules and with auctions down they are competing for a smaller share of the property pie.

  • by Elizabeth Knight
Pregnant Sacha and kids forced out of home after insurer's 18-month delay
Banking royal commission

Pregnant Sacha and kids forced out of home after insurer's 18-month delay

It took insurer Youi 18 months to repair the roof of heavily pregnant Broken Hill resident Sacha Murphy after a hail storm, forcing her to live in a caravan.

  • by Sarah Danckert & Clancy Yeates
Customer suffering, scandals to slash bonuses in NAB's new pay system
Banking royal commission

Customer suffering, scandals to slash bonuses in NAB's new pay system

Executives who oversee bad corporate behaviour may receive no bonus at all under a revamp of National Australia Bank's pay system.

  • by Mathew Dunckley