Mercedes


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CBA compensation bill rises to $29m

16 June 2017 | The Age

The Commonwealth Bank's compensation bill for victims of bad financial advice has risen to $29 million. 

But customers who were knocked back from the scheme say it was flawed to begin with and have welcomed a push in the Senate for commission of inquiry into the banks.


Murdoch fingerprints all over Ten's body

14 June 2017 | SMH

Ten Network Holdings isn't dead yet, but it's on life support with administrators appointed. Should an autopsy be conducted, Murdoch fingerprints and DNA will be found all over the body.


What's holding so many well-educated women back when it comes to work?

11 June 2017 | SMH

Jane* went to a "very gung-ho" all-girls Sydney high school where she was told "you can do anything" and "one of you will be the first female prime minister of Australia". She spent long hours climbing the corporate ladder while her two kids were in childcare or being looked after by a nanny. She has worked in banking, telecommunications, IT and the public service. But now, nearing 50 and with three degrees – two of them at masters level – she is exasperated at how hard it has been to get ahead as a woman in the workforce.


Slavery law to protect supply chains backed by big companies

07 June 2017 | AFR

Extortion, blackmail, cash back scams and slavery are happening every day under our noses. It is also happening in the supply chains of businesses, either through labour hire companies, or suppliers. 

Under new legislation to be proposed by the federal opposition on Monday, big business will be forced to clamp down on slavery in their supply chains by reporting publicly – and annually – all efforts to identify and stop slavery.




ASIC’s Greg Medcraft accuses banks of ‘hiding trail of advice’

31 May 2017 | The Australian

ASIC boss Greg Medcraft says the big banks and wealth management industry have used poor record-keeping to “hide a trail” of questionable financial advice.

Mr Medcraft, who finishes his term at the Australian Securities & Investments Commission in November, also hit out at the vertically integrated business model of the big lenders, arguing that cross-selling wealth, advice and insurance products was “not a ­viable business strategy any more”.


Australia's lowest earners hit hard by penalty rate cuts

28 May 2017 | Kelly Hughes, Charlotte Lemmon, Lexi Denison, Ainslie Couper

The Fair Work Commission, with the support of the Turnbull government, has made a hallmark decision to cut penalty and Sunday pay rates.

This decision affects those working across the retail, hospitality, fast food and pharmacy sectors and is expected to hit hundreds of thousands of low earning Australians.


Confessions of an overconfident, mediocre man

28 May 2017 | ABC

I can't really put my finger on the precise moment I embraced my own male mediocrity. It was more a dawning realisation.

Be it striding confidently onto stage to deliver a lecture with minimal preparation, having the sheer audacity to think I can pull off live TV or radio, or even sharing my thoughts with you here, its warm embrace is always with me.


Australian Bankers Association examines pitches for tax campaign

28 May 2017 | AFR

As a parliamentary inquiry into life insurance continues to hear shocking misconduct revelations and NAB became embroiled in a new scandal at the weekend, the banks' mouthpiece, the Australian Bankers' Association, has been interviewing agencies as they consider a new campaign.


Department of Prime Minister and Cabinet paid alleged tax fraud company $1.3m

24 May 2017 | The Age

The Department of Prime Minister and Cabinet paid $1.3 million through recruitment firms to the company at the centre of what is allegedly one of the largest tax frauds in Australian history, a Senate estimates committee has heard. 


Fairfax Media receives competing bid from Hellman & Friedman

17 May 2017 | AFR

Fairfax Media has received a competing bid from global private equity firm Hellman & Friedman valuing the publisher at up to $2.87 billion.

From global private equity firm Hellman & Friedman, the bid is for a range of $1.225 to $1.25 per share, compared with the TPG consortium proposal of $1.20.





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Mercedes

 

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Mercedes