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Banks brace for overhaul ahead of royal commission report | Sky News AustraliaAustralian banks are bracing for the biggest overhaul in generations, with the final report on the banking royal commission due to be released on Monday afternoon. \n\nRoyal Commissioner Kenneth Hayne is expected to recommend civil and criminal prosecutions for some companies and executives. \n\nDuring the course of the hearings, the royal commission reportedly uncovered theft, fraud and cases of unmitigated greed. \n\n\n\n\n\n\n\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »
ASIC goes nuclear on CBA ahead of royal commission reportASIC has banned CBA's financial planning business from charging any fees or taking on new customers after the regulator determined that the bank hadn’t yet properly fixed the weeping sore of fees for no service. Banksters As long as there's EFT for wages the bank's don't give a hoot. Nothing like the impetus of a damning report into financial institutions AND the regulators to make ASIC move on the most blatant purveyors of corporate criminality, stealing by deception. Pity the regulator, with too many from the corporate sector in their number, waited so long
Source: theage - 🏆 8. / 77 Read more »
ASIC goes nuclear on CBA ahead of royal commission reportIt looks like no accident of timing that the corporate regulator has launched a nuclear strike against CBA in the hours leading up to the release of the final report of the banking royal commission. ASIC is a toothless tiger .. late to the party too Coolios, so who’s been arrested? No one, nothing to see here. Now move along ...
Source: smh - 🏆 6. / 80 Read more »
Banks brace for major overhaul ahead of commission report | Sky News AustraliaMany Australian bankers and business are bracing for the final report of the Banking Royal Commission to be released on Monday afternoon, which could have criminal charges recommended against them.\n\nThe sector is bracing for a scathing final report from royal commissioner Kenneth Hayne QC, which will be released after the share market has closed on Monday.\n\nThe report will focus on ensuring money is lent to consumers responsibly, customer remediation, regulation and the remuneration of everyone from senior bank executives to branch staff, brokers and financial advisers.\n\n\n\n\n\n\n Commissioner and SC’s did a Terrific Job! RBA use interest rates to manage inflation & economy. RBA moves interest rates in the national interest to either stimulate or reduce economic activity. BUT when banks HIJACK those interest rate movements for easy profit it must be treated as a criminal offence. billshortenmp
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Banks brace for major overhaul ahead of commission report | Sky News AustraliaMany Australian bankers and business are bracing for the final report of the Banking Royal Commission to be released on Monday afternoon, which could have criminal charges recommended against them.\n\nThe sector is bracing for a scathing final report from royal commissioner Kenneth Hayne QC, which will be released after the share market has closed on Monday.\n\nThe report will focus on ensuring money is lent to consumers responsibly, customer remediation, regulation and the remuneration of everyone from senior bank executives to branch staff, brokers and financial advisers.\n\n\n\n\n\n\n JoshFrydenberg So the taxpayer is funding the compensation? JoshFrydenberg Still remember being pressured into buying a life insurance policy when I was 16. JoshFrydenberg So when do the executions begin Josh ? Mdme Defarge ------
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Killer fire started after man burnt paper in his backyard, says coronerA Victorian coroner has ruled a fire, which killed a man in eastern Victoria six years ago, was lit by an Aberfeldy resident.
Source: abcnews - 🏆 5. / 83 Read more »
ASX to rise, ahead of RBA governor's speech on 'The Year Ahead'The local share market is expected to open moderately higher, ahead of a key speech by the Reserve Bank governor on the risks ahead for the economy in 2019.
Source: abcnews - 🏆 5. / 83 Read more »
An accident with 'horrible consequences': Tributes flow for student who died in Australia Day tragedyA Macquarie University student who died on Australia Day has been remembered as an academically gifted young man with a love of sport.
Source: smh - 🏆 6. / 80 Read more »
Cruise boats raided, sewage tanks and gas meters targeted in boat tragedy investigationRaids have been conducted on boats owned by the company behind the Lady Rose boat, on which a woman was found dead at the weekend.
Source: smh - 🏆 6. / 80 Read more »
Cricketer dies in freak on-field tragedyA cricketer died after suffering a medical event during a match in Dunedin on Saturday afternoon. Sorry to hear
Source: newscomauHQ - 🏆 9. / 77 Read more »