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Regulator's 'damning rap sheet' on Commonwealth Bank
Treasurer Scott Morrison expects more executives at Commonwealth Bank of Australia will go after a “damning” report by the banking regulator.
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Treasurer Scott Morrison expects more executives at Commonwealth Bank of Australia will go after a “damning” report by the banking regulator.
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A global law firm is investigating a possible class action against financial services giant AMP, which has admitted to cheating customers and lying to the corporate regulator.
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UPDATE | Prime Minister Malcolm Turnbull has bowed to growing internal pressure by setting up a year-long royal commission into the misconduct of Australia’s financial sector.
National Australia Bank has lifted full-year cash profit 2.5 per cent to $6.642 billion and will cut 4,000 jobs over the next three years as part of a $1.5 billion restructure.
Federal Court proceedings have been issued in the shareholder class action against Commonwealth Bank.
The Federal Government will keep an eye on the big four banks amid concerns they could shut or cut their ATM systems after a decision to scrap withdrawal fees.
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