Mercedes


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CBA set to mop up Aussie Home Loans, attention on price

22 March 2017 | AFR

The game's almost up for "Aussie" John Symond at his mortgage broker, Aussie Home Loans. 

Street Talk understands Commonwealth Bank of Australia is set to pick up the final 20 per cent of Aussie it does not already own and the discussion now is all about price. 

 


Bank that lent $300m to Trump linked to Russian money laundering scam

22 March 2017 | The Guardian

The German bank that loaned $300m (£260m) to Donald Trump played a prominent role in a money laundering scandal run by Russian criminals with ties to the Kremlin, the Guardian can reveal.

Deutsche Bank is one of dozens of western financial institutions that processed at least $20bn – and possibly more – in money of “criminal origin” from Russia.


Likely new ABC chairman Justin Milne is a Turnbull guy

22 March 2017 | AFR

Malcolm Turnbull is about to make the man who helped him become even richer one of the most powerful media figures in Australia.




Graeme Watson calls for review of all minimum wages and conditions

22 March 2017 | AFR

Former Fair Work Commission vice president Graeme Watson has called for a comprehensive review of all minimum workplace conditions, going beyond weekend penalty rates and extending to "high" minimum wages, after arguing they were causing unemployment.



Race law change could could cost seats, Libs warned

22 March 2017 | AFR

The government's decision to water down race hate protection laws could cost it up to six seats due to a backlash from ethnic groups, even though the changes will never become law, party insiders have warned.



Banks say lifting rates is the right thing to do

21 March 2017 | AFR

NAB and Westpac have defended their move to raise interest rates, arguing that adjusting prices is the safest and most effective way to manage growth of their loan books.

Banks have come under attack for last week's decision to raise interest rates for investors and owner occupiers in a move that was framed as a response to loan growth caps from regulators and a means to pass on additional funding costs.





ASIC chairman Greg Medcraft wants to hit banks with bigger fines

21 March 2017 | AFR

The chairman of the corporate regulator has renewed calls for the federal government to boost penalties for breaching corporate law, after Westpac Banking Corp and ANZ Banking Group paid a paltry $6 million following revelations of failures in their foreign exchange divisions. 



Medibank hits back against deceptive conduct allegations

20 March 2017 | SMH

Medibank has hit back against claims it  misled and deceived consumers by secretly changing some of its policies, saying it has "always been very clear with members".

The Australian Competition and Consumer Commission is suing the former government-owned entity in the Federal Court over misleading and deceptive conduct.


Industry superannuation funds go on attack with 'banks aren't super' ad

20 March 2017 | The Guardian

Industry Super Australia has produced a dark advertising campaign that attacks Australia’s major banks, warning workers about the banks’ lobbying efforts in Canberra.

In a 45-second ad, released on Monday, the big banks are portrayed as foxes that are scratching to get into a suburban chicken coop.


Underemployment skyrockets to 1.1 million Australians

20 March 2017 | The Age

Kate Zizys, 46, has been underemployed her entire working life in Australia.

Earning less than $20,000 a year from casual work, she is one of 1.1 million Australians who want more hours of work than they are getting.


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