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Banking royal commission

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Hand back your bonuses, Bill Shorten tells bank executives

Hand back your bonuses, Bill Shorten tells bank executives

The call comes as more harrowing stories from the banking sector emerge, including a woman dying of cancer who was hassled by her bank for mortgage repayments.

  • by Nicole Hasham

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'Under your watch': APRA's Summerhayes questioned about Suncorp stint
APRA

'Under your watch': APRA's Summerhayes questioned about Suncorp stint

One of the prudential regulator's top officials has been quizzed about his time running Suncorp's life insurance arm and overseeing its troubled financial planning.

  • by Ruth Williams
CBA the first bank to have ASIC staff embedded inside its offices
Exclusive

CBA the first bank to have ASIC staff embedded inside its offices

From Monday, senior staff from the corporate watchdog will begin working inside the bank as part of a program to step up supervision of the Big Four and AMP.

  • by Sarah Danckert
The 'zombie hunter' taking AMP's businesses off its hands
AMP

The 'zombie hunter' taking AMP's businesses off its hands

A noted ''zombie hunter,'' the UK's Resolution Group, is to acquire AMP's legacy insurance businesses for $3.3 billion in a complicated set of transactions.

  • by Stephen Bartholomeusz
ASIC eyes SMSFs, dodgy products in law changes while banks baulk

ASIC eyes SMSFs, dodgy products in law changes while banks baulk

The dodgy financial products that have become the hallmark of the banking royal commission could be stopped from sale if the corporate cop gets its way.

  • by Sarah Danckert
Size alone not the reason the big banks dominate
Opinion
Graeme Samuel

Size alone not the reason the big banks dominate

Graeme Samuel believes the ACCC should have a formal role in the development of financial regulation and says it was complacency, not greed, that was the major reason for banks' bad behaviour.

  • by Stephen Bartholomeusz
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Josh Frydenberg gets tough on white-collar crime
regulation
Banking royal commission

Josh Frydenberg gets tough on white-collar crime

Corporate crooks face stiffer penalties and more jail time under new laws being introduced to parliament this week.

  • by Colin Kruger
What made NAB boss lose his cool in Canberra
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National Australia Bank

What made NAB boss lose his cool in Canberra

The well-briefed, staged managed and meticulously coached NAB CEO was never meant to lose his cool during an interrogation but he did.

  • by Elizabeth Knight
NAB's Thorburn backs tougher penalties for compliance failures
National Australia Bank

NAB's Thorburn backs tougher penalties for compliance failures

NAB's CEO also revealed more than 300 staff had been sacked or left the bank this year after investigations into potential code of conduct breaches.

  • by Clancy Yeates
CDPP in talks for more money for royal commission cases
Regulation

CDPP in talks for more money for royal commission cases

CDDP also confirmed ASIC has not raised any matter relating the bank's alleged criminal breaches of their breach reporting requirements.

  • by Sarah Danckert
Watchdog launches review of school banking after Dollarmites scandal
Updated
Commonwealth Bank

Watchdog launches review of school banking after Dollarmites scandal

ASIC is going to make sure school banking is serving the interests of the kids it targets.

  • by Mathew Dunckley, Rachel Clun & Saimi Jeong