In Wells Fargo’s case, a discussion often wasn’t required.
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Regulators fined Wells Fargo US$185 million for fraudulently opening up more than two million fake deposit and credit card accounts. Will the victims get their pound of flesh from those responsible?
Bank customers are tired of the excuses.
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The universal reform of the banking system will take more than another inquiry.
Increased requirements from APRA could have been a good thing for Australia’s big four banks.
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Australia’s big four banks are managing risk well, this could be contributing to their strong performance.
Customers need to switch it up.
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A common cry from regulators is that customers must shop around for the best deal – but households rarely look for a better banking deal.
Research has found Islamic banks are less risky than conventional banks.
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Islamic banks are more risk averse than conventional banks in terms of capital and mobilising funds.
Former ANZ customer Julian Saliba (left) and Maurice Blackburn national head of class actions Andrew Watson speak to the media in Melbourne yesterday.
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The High Court found late credit card payment fees were not extravagant, but the experts disagreed on the actual cost to the bank.
Keeping the lights on.
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Post-Brexit Britain will have many rivals eager to exploit any weakness in London’s primacy as a home for banking.
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Multiple use cases for the blockchain are currently being tested, so it’s worth learning the basics.
Ghosts in the machine: housing and commercial property are battling headwinds.
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Brexit worries have shaken the professional end of the sector, but Britain’s troubles have run far deeper for far longer.
Aliaksei Yarmolin
The fears about the City don’t look overcooked – here’s why.
Various scandals have forced the major parties in this election campaign to tackle policy on business and finance regulation.
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How would each of the major parties better regulate the finance and business sectors?
People queue to apply for social grants in Cape Town, South Africa.
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What seems to be a simple question of banks’ responsibilities is actually a major issue playing out where social security, banking, property, criminal and constitutional law intersect.
Lost in the fog? How the fraudsters got their morals.
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Corporate wrongdoing is underpinned by a morality that many of us have voted for.
The scope for systems like universal banking is smaller in an age where consumers can shop around for financial products.
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The idea of separating out the retail arms of the Big Four banks, featured in the Greens election policy, has merit and has been done before.
The information in credit histories can affect a bank’s decision to loan money.
Stephanie Flack/AAP
Business Briefing: what happens to your credit history
As credit reporting agencies find new ways to make money out of people accessing their credit histories, agency wrongdoing is calling into question the whole business model.
“Your call is important to us. Thank you for waiting.”
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New report shows millions in the UK are denied essential financial services because of disability, disease and age.
Ready to surge? Iceland has wrestled itself out of recession.
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One of the worst hit countries during the financial crisis has regained economic strength inside a gilded cage – to the extent that it can now step outside, melt it down and re-sell the gold.
Westpac is one of the banks where ASIC alleges traders rigged the bank bill swap rate.
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Business Briefing: the bank bill swap rate
As more details are revealed in the bank bill swap rate rigging case we explain what the rate does, how it can be manipulated and what the government should be doing about it.
Few banks have successfully entered the retail banking sector in South Africa in the past 25 years.
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How did a small South African bank manage to rise through the ranks at a time when consumer and investor confidence was at a low?
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If the banks can’t trust each other’s messages, can you trust the banks?