Researchers found that larger banks are more likely than their smaller peers to experience “operational losses”, which includes a failure to meet obligations to clients.
Start-ups funded via business loans tend to outperform those using personal loans or having no loans at all.
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Pinar Ozcan, Warwick Business School, University of Warwick; Dize Dinçkol, Warwick Business School, University of Warwick e Markos Zachariadis, Warwick Business School, University of Warwick
Challenger banks are on the rise but they need to prove themselves to be trustworthy to survive – and profit.
Jacqy Phillps as Karen and Russell Kiefel as Chris in the State Theatre Company of South Australia’s 1986 production of Dreams in an Empty City.
David Wilson
Stephen Sewell’s 1986 exemplifies the traits of the decade: apocalyptic in feel, epic in scope and unforgiving in length
From the first hearings of the royal commission, the senior counsel assisting, Rowena Orr QC, laid bare the toxic culture behind many consumer lending practices.
Eddie Jim/AAP
Restructuring might help manage conflicts of interest between offering advice and selling products, but it doesn’t fix the culture that sacrifices customers’ interests to the pursuit of profits.
A number of factors have contributed to the horrible stories coming out of the Royal Commission, including market instability and the financialisation of farming.
ANZ is among three banks facing charges of cartel-like share trading in 2015.
AAP Image/Joel Carrett
The charges laid against ANZ and other banks over alleged cartel-like behaviour suggests that Australia is following the United States in cracking down on anti-competitive behaviour.
Carolyn Flanagan gave evidence at the third round of hearings of the banking royal commission.
Julian Smith/AAP
Evidence in front of the banking royal commission today is very similar to the case that sparked consumer protection laws more than 30 years ago.
For financial advisers, we are already moving away from the payment of commissions in favour of fee for service. We still need a further shift in mindset.
STEFAN POSTLES/AAP
While codes of conduct in banking may help, the tsunami of financial regulation over the past few decades has swept aside much of the sense of personal accountability.
Black people often have a hard time accessing loans for their businesses. Many Black Canadians are engaging in mutual aid groups or peer-to-peer banking institutions.
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Black Canadians encounter systemic bias when banking and can have a hard time obtaining loans for their businesses. Mutual aid co-operatives can offer some true alternatives.
In light of what is coming out the government should be ashamed of its past performance.
Flickr
It seems ASIC and the Director of Public Prosecutions will have no lack of evidence to pursue civil penalties and criminal cases. The bigger issue is what charges to go with.
Richard Di Natale’s address comes in the wake of the Greens’ failure to win the Batman byelection.
Mick Tsikas/AAP
Open banking will require data sharing that will disrupt the monopoly that big banks have on customers’ financial data. It will boost the range of products and deals available to people.
The major banks have tried to downplay their role in manipulating the BBSW interest rate benchmark. But this is not the first instance of bad behaviour.