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Silicon Valley Bank, the sixteenth-largest bank in the U.S., collapsed on March 10, 2023 after customers tried to collectively withdraw $42 billion in a single day. (AP Photo/Jeff Chiu)

What Canada can learn from the collapse of Silicon Valley Bank

The collapse of Silicon Valley Bank serves as a reminder of the importance of robust risk management, sound regulatory oversight and effective liquidity management.
Researchers found that families who send their children off to college face an increased risk for foreclosure. Monkey Business Images/www.shutterstock.com

Thinking about borrowing against your home to send your kids to college? Think again

The odds of foreclosure double for families who send their kids off to college, according to two researchers who say their findings show a need for new ways for Americans pay for higher education.
APRA’s independent inquiry panel member, John Laker, who is also chairman of the Banking Finance Oath initiative, will be one of the ones holding the CBA to account. DAN HIMBRECHTS/AAP

Where the accountability problems started at CBA

One scandal at the CBA stands out above all others, It set the scene for how the CBA board would handle future scandals, that is to obfuscate, prevaricate and litigate.
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.
There are better ways of dealing with distortions caused by the bank than the government’s quick, politically opportunistic, measure. Joel Carrett/AAP

Budget bank levy: too big to fail, not too big to take a hit

The new levy on banks from the budget is a small hit to their profit but it could have unintended consequences.
With the intensity of competition across many industries, financial institutions such as ANZ need to be agile and respond to changes quickly to maintain business. Mal Fairclough/AAP

The agile working style started in tech but it could work for banks

The agile working style was originally designed by tech companies for efficiency in software development but now one of Australia’s big four banks wants to implement this.
Social grant recipients waiting in Gugulethu, Cape Town. A battle over social grant payment tender threatens the system. EPA/NIC BOTHMA

The real risks behind South Africa’s social grant payment crisis

The South African Social Security Agency has created a crisis that threatens to deliver social grant recipients on a silver platter into the hands of unscrupulous financial services companies.
Banking inquiries in their current form serve as political theatre, rather than as a genuine form of accountability. Lukas Coch/AAP

Banking inquiry findings – ask the wrong questions get the wrong answers

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.
Did ANZ CEO Shayne Elliot let the cat out of the bag on manipulation of BBSW when speaking at the Standing Committee on Economics annual hearing? Lukas Coch/AAP

Just what else did ANZ uncover when looking at BBSW?

In his response to questioning by MPs at the House Economics Committee hearings into the big four banks, Mr Shayne Elliott, CEO of ANZ, may have inadvertently let the cat out of the bag, When questioned…

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