Yes this would be a huge step forward, but the devil is in the detail (or the lack thereof).
Crikey readers discuss the problems of the ASIC and media-fuelled vigilantism.
In taking a purely economic approach to banking competition, the Productivity Commission failed to recognise the politics of big companies.
If a big four bank is "too big to fail", then it is not a private entity – like, say, a restaurant is – but a social entity that happens to be in private hands.
Scott Morrison likes the idea of putting "integrity officers" into the big banks. He should start with politics first.
Good morning, early birds. ASIC has been granted new supervisory powers over the big banks. Plus, John Lloyd and Tim Soutphommasane leave the building. It's the news you need to know, with Chris Woods.
Contrary to media reports, Australians are not being crushed under the rising burden of credit card debt, we're just using our cards differently.
Good morning, early birds. A new report from ASIC has revealed Australians' enormous credit card debt. Plus, Nick Kyrgios is through his first round at Wimbledon. It's the news you need to know, with Chris Woods.