The major bank lobby group now wants to fix the Future of Financial Advice framework, but it was one of the major players in trying to water it down as much possible. It owes the community an apology.
While the Coalition government has many climate denialists in its ranks, fossil fuel companies can also wield systemic power to make sure the political system works in their interests, not the community's.
The insurance industry is recycling an old defence used by the banks to ward off scrutiny — that its misconduct is the work of just a few bad apples. It will work about as well as it did for the banks.
The rise of future-focused, loss-making, aggressively-expanding tech companies is an accident of this particular juncture in history. It may be ending.
The Hayne royal commission interim report is a missile fired at the neoliberal fantasy at the heart of financial services regulation in Australia.
The interim report of the banking royal commission has been released and as expected it is harsh on the banks, AMP and regulators.
Labor is waving through legislation that goes against its own policy, and is simultaneously worried about rising trade barriers but also wants to raise our own. Go figure.
The behaviour of life insurance companies is egregious, and regulation won't fix it. Governments must step in and re-establish government insurance companies.
Some farmers may fear the needle attack could stop consumers buying strawberries, but the contamination crisis is unlikely to make a major on impact growers’ woes.