Mercedes


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How CBA mishandled a string of major crisis's

16 October 2017 | Kelly Hughes

"Responsibility and accountability are personal not commercial constructs and, notwithstanding the latest knee-jerk reaction to the money laundering scandal, these values have been in very short supply in CBA, over the last decade."

- The Conversation.

Recently, the Commonwealth Bank of Australia was embroiled in an unpleasant public relations debacle over allegations of money laundering with affiliation to terrorist organisations, leaving CBA shareholders as the major victims of the scandal. Share prices fell dramatically after the announcement, with shareholders faci


'You end up behind a bar' Graduates fight for jobs

11 October 2017 | The Age

Alicia Keir is in her final year of a teaching degree and expects that it will take about two years to find a full-time job once she graduates, but is worried it could take much longer.

"I know people who go up to seven years without finding a permanent position," said Ms Keir, 26, who is studying primary education at the University of Newcastle and lives in Sydney's south-west.


GST rubber band close to snapping: Scott Morrison

09 October 2017 | The Australian

South Australian Premier Jay Weatherill has warned that changes to GST distribution will “sacrifice fairness” and cost his state hundreds of millions of dollars a year.

Tasmanian Treasurer Peter Gutwein has similarly vowed to fight any changes after federal Treasurer Scott Morrison welcomed a draft Productivity Commission report which has called for an overhaul of GST payments to the states and territories.


Investigating the CBA culture

15 September 2017 | The Australian

CBAIt was 9.39am and 10C outside when a huge electronic document slid out through the encrypted walls of the secretive intelligence organisation Austrac and into the Federal Court of Australia. It landed with a loud crash. The document would not only stun the corporate world, it also would up-end the Commonwealth Bank of Australia.


APRA announces high-powered panel to investigate CBA

08 September 2017 | SMH

Gambler

A former chief of the prudential regulator and a former boss of the consumer watchdog have been appointed to the APRA panel examining the culture of the embattled Commonwealth Bank.

The Australian Prudential Regulation Authority (APRA) announced on Friday that former APRA boss John Laker, former head of the Australian Competition and Consumer Commission Graeme Samuel and company director Jillian Broadbent would conduct the review of CBA it announced in late August.


Vulnerable workers bill passed

05 September 2017 | SMH

Workers Employers, particularly franchise chains, face stiff new penalties and a beefed up watchdog after reforms to protect vulnerable workers passed the Senate on Monday night. The bill was introduced in response to Fairfax Media's exposure of rampant underpayment and exploitation of vulnerable workers stretching back to a joint Fairfax Media / Four Corners investigation of 7-Eleven as well as subsequent scandals involving prominent companies such as Caltex and Domino's.


Donald Trump says "We'll See" on attacking North Korea

04 September 2017 | AFR

Trump The Trump administration said it would unleash a "massive military response" if North Korea threatens its territory or foreign allies and warned it might cut off China from the US economy in response to Pyongyang's nuclear weapon test on Sunday. As the nuclear crisis reached its most treacherous flashpoint so far, President Donald Trump opened up the possibility of imposing unprecedented economic sanctions against North Korean trade partners and left open the option of war.


CBA may face class action over money laundering

23 August 2017 | SMH

The Commonwealth Bank faces a potential investor class action over its disclosure of more than 53,000 alleged breaches of anti-money laundering laws, following a sharp fall in its share price when the scandal emerged earlier this month.

Plaintiff law firm Maurice Blackburn, backed by listed litigation funder IMF Bentham, said on Wednesday it would investigate a potential class action on behalf of CBA shareholders, citing the hit to the bank's share price.


Domino's shares drop $1 billion in minutes

16 August 2017 | SMH

When a company announces a $300 million share buyback, misses key financial targets and reveals its chief executive is selling shares, it's a sign the party is over.

And so it was for pizza giant Domino's, which suffered a huge share price rout within minutes of the market opening on Tuesday.

 


Report suggests Adelaide houses "Good Value."

16 August 2017 | Charlotte Lemmon

Rising house prices are fuelling millennials’ concerns over never breaking into the housing market.

However, mortgage and rental affordability has increased in South Australia from 2015-2016, the latest Real Estate Institute of Australia (REIA) and Adelaide Bank Housing Affordability Report shows.

The report’s latest affordability figure for the South Australian housing market is 25.5 per cent of a $1,535 median weekly family income, better than the 32.4 per cent recorded in December 2015.


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