The Conversation/Emil Jeyaratnam
Millie, aged 5, wants to know where money comes from. We asked n economist to explain.
WeChat has transformed from a social media to a payment platform (among other things) and had success in China. Could Australia be next?
While Apple Pay may have won the battle against some of Australia’s banks, it may lose the war against the providers of digital wallets, such as Tencent and Alibaba.
Declining interest rates have been working for home buyers, now they are working against them.
Declining interest rates has made housing more affordable over the past thirty years, but it has also increased the risk for homebuyers.
Banking in a highly financialised society like Britain could be seen as akin to a fundamental human right.
A new study brings fresh insights into understanding the nature and extent of South Africa's systemic risks within the country's financial sector.
There are mixed results in research when it comes to the effect of shaming people into good behaviour.
Studies have shown that shame can motivate people to be both helpful but also vengeful, so the verdict is still out on whether it curbs bad behaviour.
Anna Bligh is now the chief spokesperson for an industry that fares poorly in the public eye.
Beyond her political savvy, Anna Bligh’s appointment as CEO of the Australian Banking Association brings greater access than a Liberal appointee would.
Australian banks’ capital levels must be ‘unquestionably strong’, according to the Financial Systems Inquiry.
Some argue, determinedly and erroneously, that when functioning correctly bank capital levels are almost magical things.
Even when bank customers have a very good reason to switch, research shows they’re often reluctant to make the move.
Bank customers usually stay with their bank despite scandals in the sector, however new tech that gives consumers more information might help them switch.
The slow pace of transformation in post apartheid South Africa is a reflection of persisting racism that has infected formal corporate institutions.
Women in senior positions at banks are just as likely to take risks as their male colleagues.
New research shows increasing female staff numbers is, on its own, unlikely to change the way risk is managed in banks.
Commonwealth Bank CEO Ian Narev got a 50% pay rise despite scandals involving the bank in 2016.
Just before everyone sits down for their Christmas dinner ASIC has handed two of Australia's big four banks a big present.
The ACCC has blocked the big four banks from bargaining with Apple for more control over Apple Pay.
The banks could have used their collective bargaining power not only against Apple for Apple Pay but also stall the adoption of mobile payments in Australia.
Bangladesh’s central bank recommended not opening up more opportunities for new banks, but the government thought otherwise.
Research into banks' charitable activities shows a strong interest in disclosing donations made the the ruling family's causes.
Banking inquiries in their current form serve as political theatre, rather than as a genuine form of accountability.
Members of House Standing Committee on Economics should be asking the directors of Australia's Big Four banks (not the CEOs) different questions, if they really want the right answers.
Commonwealth Bank of Australia CEO Ian Narev attends the parliamentary inquiry into the banking system.
AAP Image/Lukas Coch
Business Briefing: fixing culture in banking and finance.
The Conversation 19.7 MB (download)
"Banking culture" has drawn a lot of scrutiny this year, after several high-profile scandals. But Professor Paul Kofman says there isn't much evidence for how to intervene if there's a problem.
Australian schoolchildren are being taught financial literacy through programs often run by big banks.
The government has heavily invested in initiatives intended to help children understand finance. But should this be taught by school teachers instead who are sensitive to kid's backgrounds?
ASIC has been highly critical of some of the practices of Australia’s big four banks.
An ASIC report detailing how financial advice was paid for but not given by Australia's big four banks exposes a culture problem that the government needs to deal with.
Home owners will bear the brunt of the new lending restrictions from APRA when it’s lenders who should be penalised.
APRA has updated its guidance to lenders on concerns about the risks to financial stability from the housing market, but it should be focusing more on the banks, not hurting those with a mortgage.
A transaction of 88 bales of cotton in Qingdao sometime in early November is been hailed as revolutionary.
Apparently, the world is holding its breath on the unloading of a few bales of cotton, which “could change trade forever”. In Qingdao sometime in early November, 88 bales of cotton will be unloaded and…