The Morrison and Berejiklian governments might be of the same stripe but, with both facing elections in the first half of 2019, their interests rub up against each other uncomfortably.
Clare O'Neil on Labor’s listening tour for banking victims
Shadow minister for financial services Clare O'Neil says the ALP exercise will give a voice to people in areas the Royal Commission hasn't had time to visit.
The big four play on trust, laziness and inertia, according to the interim report of the Banking Royal Commission.
David Crosling/AAP
Rather than introducing still more laws to regulate banks there is a case for stripping down the ones we have got to make their aims crystal clear, Commissioner Hayne says in his interim report.
Christie’s auctions off a Lehman Brothers sign in 2010.
Reuters/Andrew Winning
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.
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.
CFPB interim director Mick Mulvaney has brought the bureau to a near-standstill.
Reuters/Jonathan Ernst
The president recently nominated a new permanent director to take over the Consumer Financial Protection Bureau. With the CFPB doing a fraction of the work it did under Obama, what kind of agency will she lead?
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.
The Financial Services Royal Commission has exposed some irresponsible lending by Australia’s biggest banks.
Glenn Hunt/AAP
The financial institutions fronting the Financial Services Royal Commission are also the ones controlling mortgages, so will an expose of their dealings push property prices down?
Malcolm Turnbull defended refusing for so long to set up a royal commission.
Lukas Coch/AAP
This bald-faced refusal to acknowledge their own inconvenient history in part comes from the politicians’ belief that if you just burnish the “spin”, you can get away with saying anything.