Timid ANZ rethinks rate review 07 July 2014 3:50PM ANZ last week said it will announce the outcome of its monthly interest rate review by the Friday following the Reserve Bank of Australia's board meeting, a week earlier than before. read more
Narev lays out CommBank's game plan to regain trust 04 July 2014 4:04PM CBA's executive team spared itself a session with the hangman, deciding instead to fit in with an externally imposed narrative framed around compensating, in some cases a second time, customers that s.. read more
Comment: Consumer literacy not CBA's problem 04 July 2014 4:03PM Of the many facets of CBA's mea culpa yesterday, its resort to a plea for improved financial literacy may be the most comic. The lack of insight and experience of customers is scarcely the issue when.. read more
Court lifts veil on GE finances 04 July 2014 3:59PM The Federal Court, during the process of ordering consumer credit provider GE Capital Finance Australia to pay a penalty of A$1.5 million for making false or misleading representations, gave some insi.. read more
Comment: CBA's compo conundrum 03 July 2014 3:31PM Questions of adequacy will be a sharp debating point as Commonwealth Bank finalises its compensation scheme for clients defrauded by some of its financial planners. read more
Comment: The grand old CBA could lead a roll-up 02 July 2014 3:56PM How dashing and colourful does the Commonwealth Bank board plan to be in its response to the financial planning mess? read more
Comment: Choice of heads to roll the vexed question. 02 July 2014 3:55PM With the release of the senate committee report into ASIC calling for a judicial inquiry into the activities of the financial planning arm of CBA, the question is: whose head might roll? read more
Low incomes the norm 02 July 2014 3:53PM The pervasiveness of low incomes as an economic feature received rare official acknowledgement yesterday. read more
Comment: GFC costs linger 01 July 2014 3:41PM One task possibly being finalised by the Financial System Inquiry is accounting for the fallout of the global financial crisis in Australia. read more
Comment: Too many untold GFC details 01 July 2014 3:40PM A DFAT-style 'select documents' history is needed to lead bank customers and bank investors through the details of their bank's recent brush with crisis around the GFC. read more