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Analysis and Comment (5)

Who’s afraid of Bitcoin? Who’s afraid of Bitcoin? BTC Keychain/Flickr

NAB’s Bitcoin ban a symptom of the digital currency threat

Virtual currency Bitcoin is not a subject that ever draws neutral reactions. Against those who see the radical possibilities of a frictionless payment system designed for the internet, there is a growing…
Commonwealth Bank chief Ian Narev announces a record full-year profit of A$7.8 billion, ahead of this week’s $2.1 billion quarterly result. Commonwealth Bank chief Ian Narev announces a record full-year profit of A$7.8 billion, ahead of this week’s $2.1 billion quarterly result. Paul Miller/AAP

Bank profits grow, and so does the criticism. Who’s right?

Like most companies, banks report their profits twice a year. Each time the majors report we see headlines about the size of the profits and implicit or explicit criticism of the amount – this time about…
The Great Southern class action was one of numerous shareholder class actions to have taken place this year. The Great Southern class action was one of numerous shareholder class actions to have taken place this year. AAP

It’s about money, not morality: how to assess shareholder class actions

Shareholder class actions have become a prominent aspect of the Australian litigation landscape, with suits against blue chip Australian corporations such as Centro, NAB and Telstra. But what do shareholder…
Rampant litigation in the financial sector will only create more risk for Australia’s banks. Rampant litigation in the financial sector will only create more risk for Australia’s banks. AAP

Too many lawsuits might break the banking sector

This week, the National Australia Bank published its 2012 annual report, confirming that its net profit for the year had fallen by about 21%, mainly from higher bad and doubtful debt charges. Buried deep…
Three of Australia’s Big Four banks have opted to offshore part of their financial operations to Asia. Three of Australia’s Big Four banks have opted to offshore part of their financial operations to Asia. AAP

More offshoring of Australian jobs? Can you bank on it?

Reports of more offshoring of jobs from Australia to other countries are, seemingly, a daily occurrence. Such reports include, for example, the manufacturing of cars and their components and aspects of…