Mercedes

April 2018


BankingRC

AMP chair Catherine Brenner resigns

30 April 2018 | The Guardian

The chair of financial services giant AMP, Catherine Brenner, has resigned from her $660,00-a-year role, the latest casualty from the unfolding scandals uncovered by the banking royal commission.


The Running of the Banks

23 April 2018 | David Rowe


'Who needs hindsight when you have hindspeech?'

23 April 2018 | David Rowe

'Who needs hindsight when you have hindspeech?'


Banking royal commission: False witnessing at NAB a 'common practice'

24 April 2018 | James Frost

The actions of a rogue NAB financial planner who forged the initials of customers on a superannuation document set off a chain of events that uncovered an entrenched practice of false witnessing of documents by hundreds of NAB staff, the Hayne Royal Commission has heard.


Banks, AMP sitting on powder keg of compensation claims

24 April 2018 | Karen Maley

The country's major financial firms are at risk of being deluged by compensation claims, as their customers realise that the shoddy and conflicted financial advice that has been provided to them could entitle them to substantial financial remediation.

 


AMP board hit with new ultimatum

24 April 2018 | Clancy Yeates

AMP AMP's board has been warned it must take stronger action over the shock misconduct in its financial planning arm, or it faces a showdown with some of the country's largest superannuation funds at next month's annual general meeting.


ANZ clients advice not likely in their best interests

23 April 2018 | Stephanie Chalmers

ANZ's Kylie RixonANZ provided financial advice that was likely not in customers' best interests, the banking royal commission has heard.


News

Westpac home loan expenses tests toughened to weed out liar loans

12 April 2018 | Michael Janda

WestpacAustralia's second biggest home lender is further tightening lending standards by asking more detailed questions about exactly how much prospective loan customers spend and on what.


Small businesses being crushed by the tax office

 Comment
09 April 2018 | Adele Ferguson

Graeme HalperinMark Freeman's bright business idea earned him a government grant. But the tax office disagreed and hit him with a huge bill. Seven years and $750,000 later, he is still fighting for justice.


Mortgage rates could rise on back of high global rates

09 April 2018 | Ian Verrender

HousingWhen there's so much happening — cricket scandals, trade wars and the potential for military action — ongoing inaction generally isn't a celebrated event.


Economics

The Putin myth: why Russia is no economic superpower

12 April 2018 | Ambrose Evans-Pritchard

Russia's GDP was smaller than that of Texas even before the latest and most lethal sanctions imposed by Washington. It has diminished further to Benelux proportions after the rouble's 10 per cent crash this week, the steepest fall since the late Nineties.


How Elon Musk's big Tesla battery is changing Australia's power landscape

09 April 2018 | Nick Harmsen

The world's biggest lithium-ion battery — built by tech billionaire Elon Musk's company Tesla last year — has survived its first summer in South Australia's mid-north.


Turnbull is wrong to give us tax cuts in the budget

09 April 2018 | Jessica Irvine

Tax CutThere is just one month to go until the social highlight of every economics journalist’s calendar: the federal budget lock-up.


Mercedes


Quick Poll

Which stock will rank best
BHP
CBA
GOOGL
AAPL
MSFT

 

Mercedes