The housing bubble that burst and triggered the 2007-08 global financial crisis was fuelled by securitisation.
It's when times are good that the seeds of the next financial crisis are sown.
Parallels in the historical trajectory of AMP and IOOF are striking. Both were founded in the 1840s. Both demutualised, and now both find themselves centre stage at the banking royal commission.
It's becoming easier to steal big licks of money through the financial system. We'll have to be less trusting.
One person should not bear sole responsibility for a loss of US$2.3 billion at a global financial institution employing 65,000 people.
It's been 10 years since the U.S. signed into law a scheme to print money, essentially, and save the financial sector amid the sub-prime mortgage meltdown. Did it work? And who's truly benefitted?
Researchers found that larger banks are more likely than their smaller peers to experience "operational losses", which includes a failure to meet obligations to clients.
Start-ups funded via business loans can outperform those using personal loans or only equity.
Challenger banks are on the rise but they need to prove themselves to be trustworthy to survive – and profit.
Stephen Sewell's 1986 exemplifies the traits of the decade: apocalyptic in feel, epic in scope and unforgiving in length
Restructuring might help manage conflicts of interest between offering advice and selling products, but it doesn't fix the culture that sacrifices customers' interests to the pursuit of profits.
Nigeria is failing to prosecute banking executives charged with fraud due to deep weaknesses in the system.
A number of factors have contributed to the horrible stories coming out of the Royal Commission, including market instability and the financialisation of farming.
The charges laid against ANZ and other banks over alleged cartel-like behaviour suggests that Australia is following the United States in cracking down on anti-competitive behaviour.
Evidence in front of the banking royal commission today is very similar to the case that sparked consumer protection laws more than 30 years ago.
While codes of conduct in banking may help, the tsunami of financial regulation over the past few decades has swept aside much of the sense of personal accountability.
Black Canadians encounter systemic bias when banking and can have a hard time obtaining loans for their businesses. Mutual aid co-operatives can offer some true alternatives.
Just why the government was so keen to shield an industry where wrongdoing had been obvious is not entirely clear.
It seems ASIC and the Director of Public Prosecutions will have no lack of evidence to pursue civil penalties and criminal cases. The bigger issue is what charges to go with.
Under the People's Bank proposal, homeowners would be able to borrow up to 60% of the value of their property directly from the Reserve Bank.