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,...
Banks, the tax and the $14 billion insider trade
The biggest insider trade of the year has just been executed before our very eyes thanks to a monumental government leak. Word of the Budget measure to hit the banks with a $6 billion tax hike spread through the market late yesterday, wiping $14 billion off the value...
Banks in denial about cash scam
The inquiry into the banks, the Clayton’s Royal Commission if you like, kicked off today with NAB boss Andrew Thorburn giving evidence. The committee would do well to ask Thorburn about the bank scam of “upstreaming” cash from superannuation...
Revealed: CBA’s secret deal with Storm victims’ lawyer
The Commonwealth Bank secretly struck a deal with class action lawyers for Storm Financial Group which left victims in a $1 billion claim against the bank with a return of just $34 million. Of that $34 million in compensation for Australia’s most devastating...Whats the scam
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