Banking royal commissioner Kenneth Hayne QC wants wide-ranging reforms to stop the widespread misconduct that has caused substantial loss to customers while delivering hefty profits to the banks.
Commonwealth Bank CEO Matt Comyn admits the bank has prioritised profits over its customers, as it faces potentially compensating more than half a million customers sold dud add-on insurance.
Some Commonwealth Bank advisers charged dead clients for financial advice, in one case for a decade, the banking royal commission has heard.
Australia’s queen of racing, Gai Waterhouse, has rubbished calls to make the Melbourne Cup a national holiday.
A law firm believes thousands of mum and dad shareholders and institutions will join Australia’s largest shareholder class action against Commonwealth Bank of Australia.
The Catholic Church believes the seal of confession must remain intact despite the prospect of its priests facing criminal charges for failing to report child sexual abuse.