Banks, regulators & a reverse-Nuremberg defence
OPED: we put the case for a Royal Commission into regulators as well as the banks. There is no deterrent for bad behaviour in banking. The system is broken. The top brass at the banks invoke the “reverse-Nuremberg defence”. They blame their foot-soldiers...At CBA, the mortgage customers pay higher fees than the meth-lab customers
Most self-respecting money-launderers charge ten per cent. At CBA they charged $22 a trade, that is $22 for every remittance to Hong Kong. In other words, CBA – the winner of last year’s Australian Financial Review Innovation leadership award –...
Ian Narev should go: CBA can’t spin its way out of money laundering crisis
The Commonwealth Bank is chalking up ignoring a massive amount of money laundering to “lessons learnt”. That is not even close to good enough, write Glenn Dyer and Bernard Keane. WERE YOU thinking that given the bad odour that surrounds Australian banks,...
Johnson & Johnson break the law, duck for cover
Pharmaceutical giant, Johnson & Johnson, is unable to explain why it remains in breach of the Corporations Act – in multiple breaches in fact – and is yet to do anything about it. The corporate regulator, Australian Securities & Investments...Whats the scam
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