Silicon Valley Bank, the sixteenth-largest bank in the U.S., collapsed on March 10, 2023 after customers tried to collectively withdraw $42 billion in a single day.
(AP Photo/Jeff Chiu)
The collapse of Silicon Valley Bank serves as a reminder of the importance of robust risk management, sound regulatory oversight and effective liquidity management.
Researchers found that families who send their children off to college face an increased risk for foreclosure.
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The odds of foreclosure double for families who send their kids off to college, according to two researchers who say their findings show a need for new ways for Americans pay for higher education.
The CBA board, headed by Catherine Livingstone, is ultimately responsible for the bank’s risk management.
AAP
A change in South African law promises to protect defaulting home owners from abuse by unscrupulous operators who snap up people’s homes for a song.
APRA’s independent inquiry panel member, John Laker, who is also chairman of the Banking Finance Oath initiative, will be one of the ones holding the CBA to account.
DAN HIMBRECHTS/AAP
One scandal at the CBA stands out above all others, It set the scene for how the CBA board would handle future scandals, that is to obfuscate, prevaricate and litigate.
There has been a long litany of scandals where CBA has been part of the cast, like the heroine of the old movies.
Dean Lewins/AAP
APRA announced it will open its new season with an inquiry into the Commonwealth Bank of Australia. But the opening of this new show raises some questions for the producers.
The South Australian bank levy could illicit a response from Canberra.
AAP/ Ben Mcmahon
Given the small percentages involved, South Australia’s bank levy won’t interfere with the federal government’s levy, and would arguably be compatible with it.
There are better ways of dealing with distortions caused by the bank than the government’s quick, politically opportunistic, measure.
Joel Carrett/AAP
Kevin Davis, Australian Centre for Financial Studies
The new levy on banks from the budget is a small hit to their profit but it could have unintended consequences.
With the intensity of competition across many industries, financial institutions such as ANZ need to be agile and respond to changes quickly to maintain business.
Mal Fairclough/AAP
The agile working style was originally designed by tech companies for efficiency in software development but now one of Australia’s big four banks wants to implement this.
The South African Social Security Agency has created a crisis that threatens to deliver social grant recipients on a silver platter into the hands of unscrupulous financial services companies.
Women in senior positions at banks are just as likely to take risks as their male colleagues.
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Members of House Standing Committee on Economics should be asking the directors of Australia’s Big Four banks (not the CEOs) different questions, if they really want the right answers.
Did ANZ CEO Shayne Elliot let the cat out of the bag on manipulation of BBSW when speaking at the Standing Committee on Economics annual hearing?
Lukas Coch/AAP
In his response to questioning by MPs at the House Economics Committee hearings into the big four banks, Mr Shayne Elliott, CEO of ANZ, may have inadvertently let the cat out of the bag, When questioned…
In Wells Fargo’s case, a discussion often wasn’t required.
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Regulators fined Wells Fargo US$185 million for fraudulently opening up more than two million fake deposit and credit card accounts. Will the victims get their pound of flesh from those responsible?
Increased requirements from APRA could have been a good thing for Australia’s big four banks.
Joel Carrett/AAP
Oz Shy, Massachusetts Institute of Technology (MIT)
Regulators trying to keep taxpayers from having to foot the bill for the next wave of bank bailouts are placing too much on emphasis on size and missing the ‘bigger’ picture.