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IAG's Swann delayed reforms to protect market share

IAG's Swann delayed reforms to protect market share

IAG's offshot Swann delayed reforming problematic sales practices, which led to consumers buying dud cover, because it did not want to lose market share.

  • by Clancy Yeates & Ruth Williams

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'Hey Siri, pay John $20 for dinner': Westpac launches voice payments
Payments

'Hey Siri, pay John $20 for dinner': Westpac launches voice payments

From this week, consumers will be able to pay someone simply by talking to their smart phone's "digital assistant" and taking a scan of their face.

  • by Clancy Yeates
'Cascade crap to others': how Allianz staff approached compliance
Banking royal commission

'Cascade crap to others': how Allianz staff approached compliance

Allianz's processes for ensuring its website content complied with the law were "deficient", the royal commission heard on Tuesday.

  • by Clancy Yeates & Ruth Williams
ASIC deputy resigns just months into extended contract
Banking royal commission

ASIC deputy resigns just months into extended contract

Peter Kell has departed the corporate watchdog amid criticism of the regulator at the royal commission and from the government.

  • by Mathew Dunckley, Eryk Bagshaw & Ruth Williams
Macquarie to buy Qatar-owned Aussie farms

Macquarie to buy Qatar-owned Aussie farms

Macquarie Group has agreed to buy most of the Australian farm portfolio of Qatar's Hassad Food, the agricultural arm of the country's sovereign wealth fund.

Allianz admits to misleading 2 million people over travel insurance
Banking royal commission

Allianz admits to misleading 2 million people over travel insurance

Millions of customers bought travel insurance from Allianz during a two-and-a-half year period in which it knowingly included included incorrect statements on its website.

  • by Clancy Yeates
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Dover and its famously collapsing boss sued by ASIC
Banking royal commission

Dover and its famously collapsing boss sued by ASIC

The action follows Dover shutting up shop in June after its train-wreck royal commission appearance.

  • by Sarah Danckert
Contagion risk as bankers flee scene of the crimes
Opinion
Big four

Contagion risk as bankers flee scene of the crimes

Two of NAB's most senior executives have left the group within three months. Who would want to be a banker in the current environment?

  • by Stephen Bartholomeusz
AMP charged thousands of dead people insurance premiums
Banking royal commission

AMP charged thousands of dead people insurance premiums

AMP has failed to refund nearly $1 million in life insurance premiums it charged to thousands of its superannuation members it knew were dead, the banking royal commission has heard.

  • by Sarah Danckert
'Successes and failures': Hagger leaves NAB in executive shake-up
Banking royal commission

'Successes and failures': Hagger leaves NAB in executive shake-up

Long-serving executive Andrew Hagger says he takes "accountability" for the things that occurred on his watch.

  • by Clancy Yeates
Long way to go to get banks back in their box

Long way to go to get banks back in their box

The banking and financial services sector is far bigger than we need and is bloated by rent-seeking.

  • by Ross Gittins