CBA enters APRA EUBY JAMIE WILLIAMSON | TUESDAY, 1 MAY 2018 9:07AMAPRA has accepted an Enforceable Undertaking from Commonwealth Bank, having determined the bank's operational risk management framework "worked better on paper than in practice." Related News |
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Yarra Capital acquired by Canadian asset manager
|Canadian asset manager RBC Global Asset Management (RBC GAM) has acquired Australian active fund manager Yarra Capital Management, which specialises in fixed income, equities and alternatives.
Private credit under fire again, widespread failings persist
|Private credit funds continue to lag in improving poor disclosure, distribution and conflict-management practices since ASIC handed down its scathing inaugural report into the opaque sector 12 months ago.
MLC Expand taps private equity owner's US network on AI
|MLC Expand's new private equity owner is helping the platform leverage its US network to fast-track its AI capabilities, chief executive Liz McCarthy said.
ETF Shares launches data centre ETF
|ETF Shares has listed a new exchange traded fund (ETF) dedicated to data centre infrastructure, giving investors exposure to companies supporting the physical expansion of artificial intelligence (AI).
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Jacqueline Fernley
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ARC POINT OCIO PTY LTD
Jacqueline Fernley is a self-confessed nerd, a market animal and as of this year, her own boss. Riddhima Talwani writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
What about the banks known overcharging of interest on every mortgage, personal loan, overdraft and credit card since the 1990's which was identified, acknowledged on 4 CORNERS, acknowledged by the Aust. govt. and absolutely nothing done about it. It is still going today and is done by all the banks, then and now.
Every month is charged as a 31 day month. They owe the public 100's of millions if not billions. Not even mentioned at the RC once.