Crikey readers have their say.
Banks
Your Say: Daily Mail readers' feedback: “Too big to bail” should be our regulatory motto
Hockey on banks saying what Labor should be
While Joe Hockey gets a belting, officials are pointing out exactly the banking cartel problems he is talking about.
Your Say: Daily Mail readers' feedback: The taxing question about banks
Crikey readers have their say.
Political snippets: Banking on the bashed banks to return fire
Watching the captains of finance turning on the Liberal Party will be even more entertaining than miners savaging Labor.
The independent water report by the board member’s colleague
A report that sparked deep anxiety in regional communities about the impacts of the Murray-Darling Basin Plan was less independent than it seems.
Your Say: Daily Mail readers' feedback: Crikey’s climate change hypocrisy
Crikey readers have their say.
Political snippets: Farewell to the Crikey Indicator
After 53 days hopefully it is time to bid farewell to the Crikey Election Indicator
Crikey Says: The banks, like Bernie, don’t give a rat’s
It’s always fun to read about American fraudster Bernie Madoff — mostly because he’s one of the few headline acts of the GFC who didn’t get away with it.
More ammunition for action against banks over fees
More ammunition for the gathering class action against Australian banks over fees, especially exception fees, with the Reserve Bank today issuing its 2009 survey of banking fees.
America’s next big bank: a little bank
An interesting look at BankSimple, a new online bank that’s being developed by two blokes in a Brooklyn basement. There are no fees, no ATMs and cheques are deposited by taking photos on your iPhone.
Business As Usual: Business as Usual: This is now serious….Ms Merkel speaks, down go markets…but growth still solid in Asia, US bank sick list rises
The Aussie dollar is falling, as it should, but where is the RBA? Plus, will Angela Merkel will manage to talk Europe back into recession? Asian growth still good on China’s back and other business news.
US banks: perfect or mutants?
US banks — Goldman Sachs, JP Morgan, etc — have recorded perfect trading quarters and massive profits as of late. But rather than be grateful for post-GFC recovery, there’s an awful sense of foreboding.
Wall St pays Senators hush money
Why wasn’t the US “too big to fail” policy — bailouts for struggling banks in order to save the economy — scrapped? Because the Senators voting against it get most of their donations from the financial sector.
Fee gouging: banks may take it up the class (action)
It has taken more than a decade but finally, a serious Australian legal action has been launched against 12 of Australia’s largest financial institutions for alleged fee gouging.
The freezing of Iceland’s banks
Before the earthquake, Iceland was in the headlines for its collapsing economy. The parliamentary investigation into what went wrong is in: banks broke the law and shareholders stole from their own bank.
Meet the players who want to clean up Wall St — and those who don’t
Regulating Wall Street: it’s a messy issue. Politicians are desperate for reform post-GFC, big businesses are scared of the cash it’ll cost them. Barrie McKenna explains who wants what.
APRA says our Big Four banks ‘too big to fail’
Tomorrow, the Reserve Bank produces the first financial stability report for 2010 and it is expected to be solid, without anything to frighten the still-skittish horses in the financial paddocks.
Should every baby get a bank account?
What would happen if every child in the world was set up with a bank account at birth containing US$100? The FAB campaign sees it as a viable solution to ending poverty. Could the banks and governments make it work?
Westpac gets ready to gouge Australia
With so many Westpac stories in the media this morning, you’d be mistaken for thinking there was some sort of campaign under way.
How J.P. Morgan rescued the US dollar and bailed out a nation
Oh, the irony: over a century before his namesake company was bailed out by taxpayers to the tune of $25b, banker J.P. Morgan devised an enacted a risky strategy to pull America’s economy out of the Depression. John Steele Gordon explains how he pulled it off.
Do banks really give crap customer service?
With all the bad press that banks receive, The Punch decided to put five banks to the test in a bit of old fashioned role playing, testing the speed, efficiency and friendliness of their customer service.
How the banks raped and pillaged us
Banks have learnt absolutely nothing from the GFC, argues Rolling Stone in a damning and fascinating look into how the big US banks gorge themselves while America goes hungry. Is another crash coming?
The 500 most powerful brands in the world
Brand Finance has released its annual list of the most powerful brands on the planet. Walmart comes in at number one, but Google has knocked off Coke for the number two spot, whilst Woolies, Telstra and Australia’s Big Four all make the cut, too.
Should banks profit off Greek deception?
After news that Goldman Sachs and J.P Morgan helped Greece cover up their debt, Floyd Norris asks if the banks who aided Greece’s lies made any money and if so, should they be allowed to keep it?
