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'We should be feared': Former bouncer turned corporate cop wants justice
Exclusive
Regulation

'We should be feared': Former bouncer turned corporate cop wants justice

Daniel Crennan looks menacing. Sitting his huge frame down for his first interview since becoming a deputy at the corporate cop, he is no mood for small talk.

  • by Sarah Danckert

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Westpac steels itself for customer compensation challenge
Westpac Banking Corporation

Westpac steels itself for customer compensation challenge

Westpac's decision to get out of financial advice will cause it some short-term pain but it has a bigger challenge on its hands.

  • by Stephen Miles
NAB commits to keep rural branches open to 2021
National Australia Bank

NAB commits to keep rural branches open to 2021

NAB's announcement comes after a sustained period of branch closures in rural Australia.

  • by Anthony Colangelo
Aussie banks can afford $12 billion Kiwi safety net, says RBNZ
Exclusive
Monetary policy

Aussie banks can afford $12 billion Kiwi safety net, says RBNZ

The Reserve Bank of New Zealand says the big Australian banks' "highly profitable" Kiwi businesses will likely have to accept lower returns.

  • by Clancy Yeates
Mortgage broker debate is everything that is wrong with our democracy
Opinion
Opinion

Mortgage broker debate is everything that is wrong with our democracy

Australians deserve mortgage brokers who are incentivised to not only ferret out the cheapest loan for potential borrowers, but also encourage them to adopt a prudent attitude to debt.

  • by Jessica Irvine
'We have let down our customers and the community': NAB's letter to shareholders
National Australia Bank

'We have let down our customers and the community': NAB's letter to shareholders

NAB's next chairman opens up in a letter to shareholders, as he says the bank will 'step up the pace' on paying compensation to customers.

  • by Clancy Yeates
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Pesky regulator crashes the banks' PR party
Opinion
Opinion

Pesky regulator crashes the banks' PR party

Financial institutions are dragging the chain on fixing fees for no service compensation and ASIC is not impressed.

  • by Elizabeth Knight
Banks need to show more than mea culpas and committees
Analysis
Analysis

Banks need to show more than mea culpas and committees

The bank bosses at CBA and Westpac fronted a parliamentary committee in Canberra for a grilling post the royal commission, but they got off lightly.

  • by Adele Ferguson
Shareholders will foot the bill for remediation, CBA's Comyn says
Commonwealth Bank

Shareholders will foot the bill for remediation, CBA's Comyn says

Commonwealth Bank chief executive Matt Comyn says shareholders will be on the hook for any future compensation costs for the bank's past misconduct.

  • by Clancy Yeates
Gonski's teflon barely received a scratch during Hayne cooker pressure
Opinion
Opinion

Gonski's teflon barely received a scratch during Hayne cooker pressure

David Gonski has been a ghost for 18 months and a crowd of 1500 people wanted to catch a glimpse of the man who has mastered near invisibility.

  • by Elizabeth Knight
Big banks lure savers with short-lived bonus offers

Big banks lure savers with short-lived bonus offers

Savers have to be careful not be lured into bonus offers than vanish in a short period to leave them earning next-to-nothing

  • by John Collett