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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Capstone joins forces with PictureWealth to form $22bn FUA planning network
|PictureWealth Group has inked a landmark deal with national advice licensee Capstone Financial Planning, forming a combined business with 360 financial advisers and $22 billion in funds under advice.
Mercer reviews small caps, Aussie equities mandates
|Mercer Investments Australia has overhauled the fund manager line-up across its Australian equities and small-caps funds following an investment review, retaining some incumbents and awarding fresh mandates at the same time.
HESTA launches campaign around super tax benefits
|The super fund is launching 'Super Saturday' to help those that are missing out on the advantage from super tax benefits ahead of the end of the financial year.
RBA on hold, rate cuts expected
|The Reserve Bank of Australia kept interest rates on hold at its June meeting with economists suggesting the next move could be a rate cut.
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Featured Profile
Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.
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.