The generation of designers broke out of their studios and took the business world by storm. Their skills could also be turned to bigger world problems.
Former ANZ chief Mike Smith remains as a ‘non-executive advisor’ to the bank’s board.
Sam Cardwell/AAP
London’s cycle hire scheme has become a prominent fixture in the capital’s transport network since it opened in 2010. Known as “Boris Bikes”, it is Barclays Bank that has provided commercial sponsorship…
The ongoing global financial crisis (because we’re not out of it yet, are we?) is often characterised as a crisis of trust. Distrust of the banks was a major theme – but distrust extended also to credit…
Bank of Melbourne relaunched its new look branch network in 2011 as part of a broader push to build customer relationships.
Joe Castro/AAP
UK banking giant Barclays has revealed plans to lay off 1700 branch staff and shrink its branch network as customers embrace online and mobile banking. The street faces of banks are changing quickly. Where…
Gloomy times for BB&T bank, as it misses out on $660m in tax credits.
zen Sutherland
What are the chances that in the face of public criticisms, big business would curb its tax avoidance practices? Well, not much, as evidenced by a case decided by the US Court of Federal Claims. Salem…
Under fire for manipulating the LIBOR rate, investment Bank UBS also tried to manipulate Australia’s local bill swap rate, say US regulators.
Many months after the event, the Australian financial press has woken up to the fact that there was a financial scandal happening elsewhere. Worse still, it may also have happened here. The tabloid-like…
Another day, another banking scandal: the UK Parliamentary Commission on Banking Standards has exposed the follies of the City’s badly behaved bankers.
AAP
Though it rarely rates a mention in the Australian financial press, there is a spectacle in London at the moment that rivals even the most ferocious games at the Roman Colosseum. Almost every day, a bunch…
RBS joins the list of banks implicated in the ever-widening LIBOR scandal.
Flickr\ell brown
In his recent interview with Oprah Winfrey, Lance Armstrong belatedly admitted to taking illicit drugs throughout his career. But in doing so, he also shed light on a corrupt culture within the sport involving…
Failures of compliance and culture have been attributed to the RBS’ misconduct in the LIBOR manipulation scandal.
AAP
The fallout from the London Interbank Offered Rate (LIBOR) scandal continues apace with the announcement on Wednesday that the Royal Bank of Scotland (RBS) had reached a $US612 million settlement with…
The UK’s LIBOR system was designed to be transparent but difficult to game: so what happened?
AAP
Imagine if we discovered that the monthly setting of the Reserve Bank of Australia’s cash rate was rigged. There would quite rightly be outrage. We trust the RBA Board to make these calls, month after…
As regulators finally move on the Libor scandal, are they asking themselves the right questions?
Welcome to the third and final part of Back to the Future. AS HSBC is fined US$1.9 billion for “egregious” money laundering and the first arrests are made in the Libor scandal, the need for the public…
The fining of Barclays after it was found to be manipulating the UK’s inter-bank lending rate illustrates the failure of regulators to grapple with corruption in global financial markets.
AAP
Welcome to the first of a three part series, Back to the Future, which explores the complicated reasons behind the continuing regulatory and judicial failure to regulate global financial markets. Professor…
Banks behaving badly: ensuring banks’ sustainability reports are accurate and credible will go some way in restoring public confidence.
AAP
“Events over the past couple of years have raised profound questions about the ways in which banks and businesses contribute to society. For both to play their full part, they must restore trust and become…