Nice to see Julia Gillard's Special Advisor, Ken Henry, cop a whack.
Offs. No one named for prosecution, failed regulators who treated banks as clients to ‘prosecute’, entrenched greed and corruption will continue to put clients needs last. What a clusterfuck. As you would expect when the bankers ordered the lnpRC to avoid the real one. Auspol
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What bank bombshell means for youThe banking royal commission’s final report has singled out one of the big four banks for failing to learn from its misconduct. Nothing Zilch Nada
Source: newscomauHQ - 🏆 9. / 77 Read more »
Hayne unleashes on NAB boss and chairmanThe royal commission has slammed NAB's Andrew Thorburn and its chairman, former Treasury secretary Ken Henry, for not learning the lessons of the past. I watched him at the Royal Commission and I found him aggressive offensive and in my opinion should be sacked. Who the hell does he think he is. The way he treated Rowena Orr was nothing short of absolutely disgusting Le Reve, what about him? These pricks at NAB wanted to charge me $10 for a bank statement that was printed up in 30 seconds, 20 years ago. Minor but an example of self regulation. They made the error of giving me the statement first.
Source: theage - 🏆 8. / 77 Read more »
Hayne unleashes on NAB boss and chairmanThe royal commission has slammed NAB's Andrew Thorburn and its chairman, former Treasury secretary Ken Henry, for not learning the lessons of the past. so arrogant Rip the greedy mugs a new one Feelings? Where are the fines and jail time? They defrauded and actively participated in criminal activity, they deserve a cell!
Source: smh - 🏆 6. / 80 Read more »
NAB bosses 'cop scathing criticism' in banking royal commission | Sky News AustraliaThe banking royal commission has given 76 recommendations in total that cover banks, superannuation, mortgage brokers and financial advisors.\n\nThe final report gives 22 referrals of 19 banks and other financial institutions to Australian Securities and Investments Commission and Australian Prudential Regulation Authority, which may lead to criminal prosecutions.\n\nSky News host David Speers says the report does not ‘name names’ of who should be criminally prosecuted but the NAB CEO Andrew Thorburn and chair Dr Ken Henry ‘copped some scathing criticism’, saying they were the most criticised individually.\n\nBanking royal commissioner Kenneth Hayne QC says he not persuaded the NAB is willing to accept responsibility for deciding the right thing to do in the future and requiring their staff to act accordingly. \n\n As a former employee that doesn’t surprise me at all. Ken Henry! The Liberal finance God Surely not Labor’s fiscal guru and godlike pin up boy Ken Henry 😱 Media say nothing
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Business conditions suffer worst fall since GFC: NAB surveyBusiness conditions in Australia have experienced their steepest monthly fall since the global financial crisis, with retail being the worst-performing industry, according to NAB's latest survey of businesses. Typical shorten he rather rack up massive debt like the previous labor government need more be said ? whilst under LNP governance So how did Bill Shorten and Labor cause this?
Source: abcnews - 🏆 5. / 83 Read more »
Banking royal commission makes 76 recommendations for reform | Sky News AustraliaThe banking royal commission has made 24 referrals to regulators and 76 recommendations for wide-ranging reform in the sector.\n\nBanking royal commissioner Kenneth Hayne QC says the time has come to address financial misconduct and prevent its recurrence, proposing a raft of measures designed to better protect consumers.\n\nMr Hayne has made 24 referrals, including all the major banks except for Westpac, to the Australian Securities and Investments Commission and Australian Prudential Regulation Authority for further investigation.\n\nMr Hayne was scathing of some bank bosses, particularly the National Australia Bank, for being unwilling to accept responsibility.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry, a former Treasury secretary.\n\n\n\n\n Bowenchris ScottMorrisonMP Chris Bowen has confirmed that he and Labor are committed to the death of mortgage broking in Australia, ensuring that banks get richer and consumers are worse off. This is what you can expect from a Shorten-led Labor government.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Banking royal commission makes 76 recommendations | Sky News AustraliaThe banking royal commission has made 24 referrals to regulators and 76 recommendations for wide-ranging reform in the sector.\n\nBanking royal commissioner Kenneth Hayne QC says the time has come to address financial misconduct and prevent its recurrence, proposing a raft of measures designed to better protect consumers.\n\nMr Hayne has made 24 referrals, including all the major banks except for Westpac, to the Australian Securities and Investments Commission and Australian Prudential Regulation Authority for further investigation.\n\nMr Hayne was scathing of some bank bosses, particularly the National Australia Bank, for being unwilling to accept responsibility.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry, a former Treasury secretary.\n\n\n\n\n jmwhistleblower frontpage Heads need to roll and the resounding bang of cell doors slamming shut on these criminals, their properties ceased immediately and their ability to work in any position of authority again before we feel anything at all remotely like closure.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Hayne has struck a ‘sensible balance’ with royal commission report: McCrann | Sky News AustraliaThe Herald Sun’s Terry McCrann has praised Commissioner Kenneth Hayne QC for his banking royal commission recommendations after his report was released to the public, saying he was ‘impressed and surprised’ by the findings.\n\nThe business columnist told Sky News Mr Hayne struck ‘a very sensible balance’ between holding financial institutions and individuals to account for their actions, and putting structures in place to prevent wrongdoing in the future.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
NAB bosses 'cop scathing criticism' in banking royal commission | Sky News AustraliaThe banking royal commission has given 76 recommendations in total that cover banks, superannuation, mortgage brokers and financial advisors.\n\nThe final report gives 22 referrals of 19 banks and other financial institutions to Australian Securities and Investments Commission and Australian Prudential Regulation Authority, which may lead to criminal prosecutions.\n\nSky News host David Speers says the report does not ‘name names’ of who should be criminally prosecuted but the NAB CEO Andrew Thorburn and chair Dr Ken Henry ‘copped some scathing criticism’, saying they were the most criticised individually.\n\nBanking royal commissioner Kenneth Hayne QC says he not persuaded the NAB is willing to accept responsibility for deciding the right thing to do in the future and requiring their staff to act accordingly. \n\n As a former employee that doesn’t surprise me at all. Ken Henry! The Liberal finance God Surely not Labor’s fiscal guru and godlike pin up boy Ken Henry 😱 Media say nothing
Source: SkyNewsAust - 🏆 7. / 78 Read more »