Articles on Banks

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Financial abuse of the elderly is shockingly common in Australia and most often occurs within families. aap

How can we prevent financial abuse of the elderly?

The federal governments efforts to tackle the financial abuse of elders is to be welcomed - but will banks be properly empowered to act?
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 inquiry into CBA is the new comedy in town

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.
APRA chairman Wayne Byres says the inquiry will provide the CBA with change recommendations. Mick Tsikas/AAP

APRA could have investigated CBA years ago: experts

The APRA inquiry puts the regulator in the tricky position of trying to be seen to be tough on bank scandals but juggling its close relationship with the government and the CBA.
Bank lending standards need to be more consistent to avoid borrowers shopping around to find the lender that offers them the highest loan amount. Paul Miller/AAP

Banks shouldn’t underestimate the risk of concentration in the housing market

It's not likely the Australian appetite for property will change but this means we need to hedge our bets against any risks by improving diversification and the way banks finance mortgages.
United States Sen. Elizabeth Warren questions Wells Fargo CEO John Stumpf, foreground, during congressional hearings into allegations that bank employees opened millions of unauthorized accounts to meet aggressive sales targets. (AP Photo/Susan Walsh)

Memo to Gordon Gekko: Ethics, not greed, boost profits

Unethical corporate behaviour isn't just embarrassing from a PR standpoint, it can also be unprofitable for firms and their investors.
Applying the GST to bank products and services would increase costs for consumers but reduce distortion in our economy. Sergio Dionisio/AAP

A better alternative to levying the bank tax

Applying the GST to banking has much sounder economic underpinnings than the current levy, would have raised much more revenue, and would have applied to all banks rather than just the big banks.
Banks are in such poor conditions that it affects Tunisians’ day to day lives. Zoubeir Souissi/Reuters

Why Tunisia’s banks are its main economic weakness

Tunisia's economy has been struggling since the country’s 2011 revolution. Corruption and bad governance within the banking sector is not helping.

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