Mercedes

  • Feature Article

    Ethics in banking? That's a negative

    Ruth Williams |  Financial institutions charging fees for no service. Banks charging dead people. AMP misleading the regulator. Super funds obscuring the truth from their members.
  • Feature Article

    'Enormous challenge and change': Telstra posts 8.9% fall in profit

    Jennifer Duke |  Telstra chief executive Andy Penn has warned of "challenges" over the coming financial year, while posting a net profit decline of 8.9 per cent to $3.53 billion in fiscal 2018, as the rollout of the national broadband network (NBN) continues and mobile competition heats up.
  • Feature Article

    The Fourth Estate reminds us why we need them

    The Guardian  |  The scene is theNew York Timesnewsroom. The paper’s executive editor, Dean Baquet, is watching the Trump inauguration on television. “Wow,” he murmurs. “What a story. What a fucking story. OK, let’s go.”
  • Feature Article

    'Desperate people do desperate things': loan fraud alleged at giant

    Adele Ferguson |  The crisis at Mortgage Choice is deepening with documents emerging that show almost half its brokers are considered "low performers" for failing to meet the loan giant's controversial sales targets.
  • Feature Article

    Trump is stumbling toward inevitable disaster with his trade moves

    Noah Smith |  A roundup of recent developments from the front lines of the Great Trade War doesn't look good.
  • Feature Article

    Accused ANZ bankers are more Keystone Cops than criminals

    David Fickling |  What's worse than calling a banker dishonest? Calling them stupid. That may be the best defence of the former Citigroup, Deutsche Bank and ANZ Bank executives who've been charged with criminal cartel offences over a 2015 placement of $2.5 billion of ANZ shares.
Today's Lead Article

Black Forest: pain for forgotten victims of a financial disaster

Adele Ferguson & Ruth Williams  | 30 Jul 2018 | BankingRC

For almost a decade Dave Gilham has dragged around 20 kilograms of documents in a battered suitcase. The forensically compiled folders hold evidence of inappropriate advice, doctored loan forms and more than one hundred items of correspondence pleading with a bank for mercy.


Leading Stories

Ethics in banking? That's a negative

Ruth Williams | 16 Aug 2018 | Investing

Counsel assisting the commission, Michael Hodge QC, centre.Financial institutions charging fees for no service. Banks charging dead people. AMP misleading the regulator. Super funds obscuring the truth from their members.


'Enormous challenge and change': Telstra posts 8.9% fall in profit

Jennifer Duke | 16 Aug 2018 | Investing

Telstra chief Andy Penn has had a difficult year at the telecommunications company.Telstra chief executive Andy Penn has warned of "challenges" over the coming financial year, while posting a net profit decline of 8.9 per cent to $3.53 billion in fiscal 2018, as the rollout of the national broadband network (NBN) continues and mobile competition heats up.


Will journalism be compromised?

Kelly Hughes  | 27 Jul 2018 | News

In a historic deal, Fairfax Media will merge with Nine Entertainment by the end of 2018 to create a media giant valued at $4.2 billion dollars.


Fairfax, Nine announce plan to merge in $4b deal

SMH | 26 Jul 2018 | News

Fairfax Media and Nine Entertainment have announced plans to merge by the end of 2018 in a deal they say will create Australia's largest integrated media player with a combined value of $4 billion.


Why good people do bad things

Amanda Hooton  | 23 Jul 2018 | News

Since the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry began in February this year, Australians have learnt a great many things – almost all of them bad – about our banks and financial institutions.


Telstra to axe 8,000 jobs

The Age  | 20 Jun 2018 | News

Telstra CEO Andy Penn has announced a drastic plan to cut costs at the struggling carrier, including a reduction of 8,000 jobs from its workforce, about a quarter of its total headcount.

 


PwC sent anonymous #metoo report

AFR  | 20 Jun 2018 | News

The letter arrived without warning in the mailboxes of almost two dozen senior partners of PwC Australia, including chief executive Luke Sayers, late last year.


'Desperate people do desperate things': loan fraud alleged at giant

Adele Ferguson | 07 Jun 2018 | News

The crisis at Mortgage Choice is deepening with documents emerging that show almost half its brokers are considered "low performers" for failing to meet the loan giant's controversial sales targets.


Formula behind CBA's record $700m penalty revealed

AFR | 07 Jun 2018 | News

The formula that led to Commonwealth Bank's record-breaking $700 million settlement with AUSTRAC has been revealed with the bulk of the penalty being sheeted back to its failure to conduct due diligence on customers or properly assess the risks posed by its high-tech ATM network.


'A very unusual case': Ombudsman appears before royal commission

The Age  | 28 May 2018 | BankingRC

Systemic problems with the approach taken by the Financial Ombudsman Service (FOS) when dealing with disputes were revealed before the royal commission on Monday.


Mercedes

 

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Mercedes