Articles on Banks

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Barry O'Sullivan has referenced Dean Smith’s same-sex marriage private member’s bill to pursue legislation for a banking inquiry. Mick Tsikas/AAP

Turnbull backed against the wall by rebel Nationals on bank inquiry

Malcolm Turnbull and Scott Morrison appear to have become hostages to rebel Nationals determined at all costs to secure a commission of inquiry into the banks.
Financial abuse of the elderly is shockingly common in Australia and most often occurs within families. aap

How can we prevent financial abuse of the elderly?

The federal governments efforts to tackle the financial abuse of elders is to be welcomed - but will banks be properly empowered to act?
There has been a long litany of scandals where CBA has been part of the cast, like the heroine of the old movies. Dean Lewins/AAP

APRA inquiry into CBA is the new comedy in town

APRA announced it will open its new season with an inquiry into the Commonwealth Bank of Australia. But the opening of this new show raises some questions for the producers.
APRA chairman Wayne Byres says the inquiry will provide the CBA with change recommendations. Mick Tsikas/AAP

APRA could have investigated CBA years ago: experts

The APRA inquiry puts the regulator in the tricky position of trying to be seen to be tough on bank scandals but juggling its close relationship with the government and the CBA.
Bank lending standards need to be more consistent to avoid borrowers shopping around to find the lender that offers them the highest loan amount. Paul Miller/AAP

Banks shouldn’t underestimate the risk of concentration in the housing market

It's not likely the Australian appetite for property will change but this means we need to hedge our bets against any risks by improving diversification and the way banks finance mortgages.

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