Yes, they all apologised, but what else did we learn from bank CEOs
Shane Wrightand Phoebe Wearne, Canberra - The West Australian on October 8, 2016, 12:25 am Over three days, they talked about unscrupulous financial advisers, big fees, enormous profit margins and whopping executive salaries. The Turnbull Government’s three-day banking inquiry, which closed on Thursday, saw a disparate group of 10 MPs work through a series of the issues with the big four banks’ powerful bosses.But what did we actually learn?Bankers know how to apologiseEach ..>> view originalFair Trading tells people to avoid Shark Tank-backed online business Her Fashion Box
It started out as a Shark Tank-backed success story of a young woman with $200,000 from high-profile investors Janine Allis and Andrew Banks, but a year later, Her Fashion Box founder Kath Purkis is fending off a warning from NSW Fair Trading that people should avoid her online fashion subscription business. Fair Trading commissioner Rod Stowe said his company had received several complaints about herfashionbox.com and had difficulty making contact with Purkis. As a result, they issued a “do n..>> view originalDid the parliamentary hearings into the big four banks do their job?
In the bowels of Parliament House, the Commonwealth Bank's chief Executive Officer Ian Narev strode confidently into the main committee room and took his seat.Just beyond him, cameras clicked and flashed. Beyond the cameras, members of parliament took their own seats, ready for a showdown. More Business Videos Previous slide Next slide Fab four's greatest hits 'Flash crash' decimates pound sterling All eyes on Chinese inflation and currency ..>> view originalCFMEU seeks tougher building safety code
The truth about interest rates and bank funding costs
So you've heard the big four banks' explanations for why they couldn't pass on to mortgage holders all of the Reserve Bank's cuts to the cash rate.Do you believe them? More Business Videos Previous slide Next slide Glenn Stevens: The future of property All eyes on Chinese inflation and currency Ex-Ford workers to become 'pastors, scuba instructors' Google won't bid on Twitter: reports Jetstar mid-air punch up Fab four's..>> view originalFord Falcon's emotional send off
Last Ford Falcon rolls off the line0:45The last Ford Falcon rolled off the line at the Broadmedows plant today. The last Ford made in Australia, ending 91 years of local manufacturing for the US giant. Picture: Supplied.Joshua DowlingNews Corp Australia NetworkTHE Ford Falcon got an emotional send-off as Broadmeadows ended 91 years of manufacturing in Australia for the US car giant yesterday.From 1925 til then Ford Australia built more than 5.9 million vehicles — more than 4.3 million of them a..>> view originalWall Street off as pound crashes; jobs data keeps Fed on track
NEW YORK: US stocks slipped on Friday as a drop in the British pound injected unwanted volatility to financial markets, while a weaker-than-expected jobs report was not enough to derail expectations for a rate hike from the Federal Reserve before the end of the year. Major indexes posted their first negative week in four. The pound lost 1.4 per cent to the dollar on Friday, and at one point earlier it had tumbled as much as 10 per cent over just a few minutes, a "flash crash" that fu..>> view original
Thursday, October 13, 2016
Yes, they all apologised, but what else did we learn from bank CEOs and other top stories.
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