Articles on Banks

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Just like the characters of The Big Short, its time to pick up the warning signs of a global financial crisis. Paramount Pictures

Shadow banking increases the risk of another global financial crisis

The financial products offered by the shadow banking sector allow investors to be further removed from their investments and banks to escape regulation, increasing the risk in the sector overall.
The inaugural week of the new parliament reinforced the point that Bill Shorten plans to do everything possible to harass Malcolm Turnbull. Mick Tsikas/AAP

Turnbull flays colleagues after government’s humiliation

As any good farmer will tell you, always shut the gate. On Thursday a number of government MPs, including several ministers, rushed away from parliament, leaving the gate wide open, and the opposition…
Anthony Albanese has expressed concern about supporting the scrapping of the clean energy supplement for new welfare recipients. Joel Carrett/AAP

Albanese warns Labor over clean energy supplement in omnibus bill

Federal MPs reassemble in Canberra on Monday ahead of Tuesday’s opening of parliament, with the government talking up what the Coalition used to call a budget emergency and Labor keeping maximum pressure…
Malcolm Turnbull said on Friday that changing Section 18C of the Racial Discrimination Act ‘was not a priority’. Joel Carrett/AAP

Turnbull’s backbench muscles up

Malcolm Turnbull’s rhetoric this week has been designed to put the heat on Labor over budget repair. But he has three grassfires on his hands even before the new parliament starts on August 30 – and they’re…
Scott Morrison said the Moody’s affirmation was a ‘welcome boost’. Mick Tsikas/AAP

Australia’s AAA rating affirmed by Moody’s

Moody's has reaffirmed Australia's AAA credit rating, as Malcolm Turnbull seeks to put pressure on Labor and crossbenchers to pass measures to help repair the budget.
Australian banks improved their efficiency after the introduction in 2003 of the ASX Principles of Good Corporate Governance, which aimed for improved governance mechanisms and thus better control over bank management. AAP Image/Paul Miller

Good corporate governance is good for banks’ bottom line

Good corporate governance is good for efficiency and profit in banks. But having independent board members and the number of board meetings don't play a role, research shows.
Malcolm Turnbull’s plan to bring bank executives before a parliamentary committee at least annually has been seen as little more than token. Mick Tsikas/AAP

The banking story has a way to run for Malcolm Turnbull

Malcolm Turnbull’s resistance to a royal commission into banks is flouting public opinion and will test his own backbenchers, who have their fingers on the electoral pulse on this hot-button issue. An…
One has to ask what the banks fear. Are there further pockets of wrongdoing yet to emerge? No, they say. AAP/Paul Miller

Turnbull inquiry-lite bank plan falls short

Malcolm Turnbull’s plan to have the chiefs of the big banks regularly front a parliamentary committee is more gesture than substance. What it tells us is that Turnbull is very sensitive to the strong public…
After the Reserve Bank cut the cash rate by 25 basis points to 1.5%, the four big banks said they would pass on only part of the reduction. Paul Miller/AAP

Turnbull to banks: pass on whole interest rate cut

Malcolm Turnbull has sternly told the banks they should pass on the whole of Tuesday's rate cut - or their chief executives must explain why they are not doing so.
Stay or go - Britons will vote this week. Reuters/Hannibal Hanschke

How a Brexit could impact on Australia

A British exit from the European Union will mean short term volatility on global markets, but the longer term outcomes are more uncertain.

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