An unexpected short appraisal of the history of a liquidity crisis that ensnared Westpac among the ranks of near-failures at the apex of the financial crisis in late 2008 is the real gem tucked into the bank’s self-assessment on risk governance. read more
Financial institutions / Big five & fintech (2,490 items)
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Finding time to produce amiable social media videos on 'books that shaped my life' - next week, Jez Alborough's 1999 classic Duck in the Truck - followers of ANZ and it's once reflective chief executive Shayne Elliot and his board are left perplexed by its silence in the face of a reputation crisis tied to harsh action by the Australian banking regulator. read more
Credit insurance is a product segment in decline, with the number of policies sold has fallen from 664,000 in 2014 to 190,000 last year. read more
Bringing an end to a debate over reform set up by the Financial System Inquiry five years ago, APRA has determined that the Big Four banks will have to raise around A$50 billion of additional capital. read more
A $200 million indemnity from CBA is only the start of the upside for investors in CountPlus, as buyer and seller of Count Financial Planning set out to simplify one element of the bank’s $2.2 billion remediation headache and underpin a turnaround story for CUP. read more