Mercedes

  • 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.
  • Feature Article

    AMP is still in a world of trouble

    Adele Ferguson |  David Murray may be AMP's new chairman, but come May 10 the company will suffer more embarrassment when it receives a first strike and three directors are tipped to attract a protest vote of up to 30 per cent.
  • Feature Article

    Banking royal commission: False witnessing at NAB a 'common practice'

    James Frost |  The actions of a rogue NAB financial planner who forged the initials of customers on a superannuation document set off a chain of events that uncovered an entrenched practice of false witnessing of documents by hundreds of NAB staff, the Hayne Royal Commission has heard.
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

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.


Banking on a culture of reform

Kelly Hughes  | 10 May 2018 | BankingRC

hindspeechThe bell can’t be unrung for the Australian banking and financial institutions. The revelations from the Banking Royal Commission detail the horrors of a deeply entrenched and systemic culture of dishonesty within the country’s biggest financial sector.

 


Budget 2018: Tax cuts for 10 million workers

David Crowe | 08 May 2018 | News

A tax cut for 10 million workers will start on July 1 under a Turnbull government plan to win back middle Australia and prepare for an election, setting up an immediate test in Parliament over income tax reform that will cost an extraordinary $140 billion over a decade.


Mercedes

 

Subscribe

Subscribe to the Personal Super Investor weekly email to keep abreast of developments in SMSF law and investment markets. SMSF investors looking to improve investment returns from shares, property, cash or other specialised investments, will find the PSI weekly newsletter an invaluable resource.

Subscribe now »

Mercedes