The subprime crisis and the subsequent failure of Lehman Brothers came as such a shock – and the repercussions were so severe that when the time came to mount a response, policy makers were as surprised…
After a relatively benign period, market upheaval has returned. The main stock market indices have been falling across Asia, Europe and the US, while safe-haven assets like gold have been on the rise…
A former mortgage broker - who is now facing fraud charges - has blown the whistle on predatory lending practices in Australia’s financial services industry.
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The level of sub-prime mortgages in Australia may be far in advance of what was previously assumed and provided for by banks. The story was broken on the ABC, and covered elsewhere. The revelations centred…
Greg Smith’s expose on Goldman Sachs could reframe the debate on regulatory reform - but is business media on board?
AAP
The worst damage to the Goldman Sachs franchise from the extraordinary attack on its corporate culture by a mid-level former employee comes from its clinical execution. With exquisite timing, Greg Smith’s…