Russia moves to dump American dollar
Contributed by Joe Montero As Washington moves towards implementing tougher new sanctions against Russia, including the denial of access to international banks and trade in…
Banks
Despite glaring failure banking regulator boss gets to keep job
Contributed by Ugly reappointment of the head of the body that has been supposed to regulate the behaviour of the banks is an insult to…
Calling for the scalps of bank chiefs is not enough
Contributed by Joe Montero Reacting to the revelations that have come out of the Royal Commission into the finance industry, Australian Labor Party leader Bill…
Landmark legal action being launched against the banks
Contributed by Ben Wilson Legal firm Slater and Gordon has launched Australia’s biggest ever class action. Up to 5 million, or one in three Australians,…
Criminal charges for bank officials are not enough
Contributed by Joe Montero The revelations coming out of the Financial Services Royal Commission have been on a scale that has led to recommendations for…
Misconduct by banks and other financial institutions will not be stopped by tinkering at the edges
Contributed by Jim Hayes Founding chairman of the Australian Competition and Consumer Commission (ACCC), Professor Allan Fels, has slammed the Australian Securities and Investments Commission…
Australia cannot afford to be fooled by new bank code of conduct
Contributed by Joe Montero It’s just not good enough. The proposed changes to the Australian Banking Association (ABA) code of conduct won’t fix what is…
The Commonwealth Bank fined for what should be regarded as criminal acts
Contributed by Jim Hayes After facing accusations form the Federal Government’s financial intelligence agency AUSTRAC, involving serious breaches of anti-money laundering and counter-terrorism financing laws,…
Julie Bishop’s brother profits from protecting the banks
This piece of investigative journalism by Shane Dowling was published in Kangaroo Court in Australia. It provides a glimpse into one part of the association…
Turnbull’s new crisis is the result of ongoing collusion with the banks to rob the public
Contributed by Joe Montero As the fallout from the Royal Commission continues to envelope the Turnbull government, no amount of promising has brought anbout relief…
