Today's Lead Article
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
Ruth Williams | 16 Aug 2018 | Investing
Financial institutions charging fees for no service. Banks charging dead people. AMP misleading the regulator. Super funds obscuring the truth from their members.
Jennifer Duke | 16 Aug 2018 | Investing
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.
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.
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.
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.
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.
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.
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.
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.
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.
News
The Guardian | 17 Jul 2018 | News
The scene is the New York Times newsroom. 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.”
Adele Ferguson | 10 Jul 2018 | News
As the royal commission prepares for a showdown with the $2.6 trillion superannuation industry on August 6, it has assigned a team to trawl through submissions, meet key players and comb various reports including the Productivity Commission's landmark draft report into super.
Kelly Hughes | 04 Jul 2018 | News
India has been named the most dangerous country in the world for women. War-torn countries including Afghanistan and Syria were ranked second and third, followed by Somalia and Saudi Arabia, in a survey conducted by global experts from the Thomson Reuters Foundation.
The Age | 28 Jun 2018 | News
Fact 1: Next week on July 1, Prime Minister Malcolm Turnbull will enjoy a weighty pay rise, meaning he’ll pocket more than $538,000 over the next year.
The Guardian | 28 Jun 2018 | News
From Sunday, thousands of students and graduates across the country will have to start paying off their debts earlier than expected.
The Guardian | 25 Jun 2018 | News
At a time when journalists have never been more needed to explain the complexities of an increasingly integrated world, they have never been more under threat: jailed in increasing numbers by some of the more authoritarian administrations, threatened with prosecution in the countries which have democratic governments.
The SMH | 25 Jun 2018 | News
Commonwealth Bank of Australia plans to demerge its wealth management and mortgage broking businesses, CFS Group, and undertake a strategic review of its general insurance business, including a potential sale.
The Age | 20 Jun 2018 | News
Labor’s d
eclaration that it won’t vote for stage two and stage three of the Coalition’s tax plan has suddenly made the choice at the next election clear.
Noah Smith | 07 Jun 2018 | Investing
A roundup of recent developments from the front lines of the Great Trade War doesn't look good.
David Fickling | 07 Jun 2018 | BankingRC
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.