The U.S. Federal Deposit Insurance Corporation seized the assets of Silicon Valley Bank on March 10, 2023, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis.
(AP Photo/Jeff Chiu)
Although Paris’s capitalisation overtook London’s in late 2022, the City of London is still Europe’s leading financial centre. Understanding why will require that we look beyond stock indices.
Entrepreneurs need more support.
Shutterstock/Kehinde Olufemi Akinbo
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.
Dominic Raab, secretary of state for existing the European Union and star of Deal or No Deal.
PA/Peter Nicholls
From trade to medicines, the UK government’s ‘just in case’ planning is revealing.
The collapse of a royal commission witness provided a reminder of the stark differences between financial services and health services when it comes to caring for customers.
Stefan Postles/AAP
The financial services industry is in need of a new paradigm to rediscover what finance is for – to improve the financial and economic well-being of society.
It is hoped that the Royal Commission will bring a renewed enthusiasm for suitable and properly adapted customer service provision that values Indigenous consumers and take their circumstances into account.
AAP Image/Dean Lewins
With enough will and resourcing, many of the structural issues that make financial services a trial for many Indigenous consumers can be overcome. But we need more regulation to deter sharp practice.