ANZ gave more weight to managing risks of what may be reportable to ASIC rather than tackling the core problems of wayward financial advice, the Hayne Royal Commission heard yesterday. read more
Financial institutions / Big five & fintech (1,861 items)
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France is the third largest green bond market globally and the largest in Europe with more than €37 billion in cumulative issuance since 2012. read more
The past few days of hearings at the Royal Commission "have been sobering for the entire industry", Anna Bligh, CEO of the Australian Banking Association said on Friday.Increased penalties for wrongdoing in finance were announced by the government on Friday; Bligh welcomed the chickenfeed maximum of A$10 million per offender. read more
The banking royal commission has heard how a Westpac financial planner gave poor advice to a couple approaching retirement that stripped them of their savings, was rewarded with a bonus and was able to over-ride the advice of support staff, read more
The morning of Day Four, of round two of the Royal Commission into banking misconduct was dedicated to looking at financial planning, and continued as it had finished on the previous evening: with the culture at CBA's many brands under the microscope. read more
CBA's financial advice businesses may have habitually charged clients for services that were not being provided, but its executives had no capacity to ensure that contracted services were being delivered to clients, the Royal commission has been told. read more