Michelle Grattan| The Conversation| 16 November 2018 The government has announced an extra $51.5 million to boost resources for the prosecution of criminal misconduct by banks and other financial institutions and the processing of civil claims. Of this, $41.6 million will go to the Commonwealth Director of Public Prosecutions (CDPP) over eight years, and $9.9 […]
[...]Paul Johnson| The Conversation| 27 November 2018 Asked at the banking royal commission how long it might take to embed the right culture in the National Australia Bank, its chairman Ken Henry replied: ten years. As head of the Commonwealth Treasury before he left to join the NAB board in 2011, Dr Henry was regarded […]
[...]Michael Pascoe| The New Daily| 4 December 2018 there’s no praise or notice for saying what “everybody else” is saying. This leads to the outlier forecasts, the predictions above or below the consensus. These are the ones most likely to get the forecaster’s name in the newspaper and, thus, there is a temptation to go a […]
[...]Isabelle Lane| The New Daily| 28 November 2018 As the property downturn deepens in Sydney and Melbourne, investors are turning their attention to once-ignored regional markets, with one town standing out among the pack of top performers. No longer in Melbourne’s shadow, the Victorian port city of Geelong is the nation’s best performing regional market, according to a new report […]
[...]Isabelle Lane| The New Daily|4 December 2018 A survey of 1500 current and prospective home buyers by home loan lender ME found home owners who bought their properties in the past year were significantly more worried about the impact of prices falling than those who had bought three or more years ago. Almost half (46 per cent) of those who […]
[...]The banking Royal Commission has unearthed some horror stories and some furphies. Last month, CBA revealed to the Commission that there are now 1300 brokers earning more than $1 million a year, and the top 200 brokersare pocketing more than $2.5 million. Undoubtedly, mortgage broking can be a highly rewarding career, but CBA’s figures gild […]
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