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Loose regulation in the UK and elsewhere have left big banks vulnerable to crises.

Without serious reform, reckless banks will fall like dominoes

The most interesting aspect of the United Kingdom’s Financial Service Authority’s exhaustive review of the failure of the Royal Bank of Scotland (RBS) is contained in the foreword, penned by the organisation’s…
The proportion of Australians ‘saving for a rainy day’ has gone up, but the proportion of those saving for an investment property has fallen, the survey found. Flickr/Alan Cleaver

More Australians saving but households still smarting from GFC

The proportion of Australians saving their pennies has risen since June, but householders still have not recovered completely…

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