Good morning, early birds. The government has called an inquiry into the power of the big banks amid the RBA's rate cuts, and ISIS affiliates take advantage of chaos in northern Syria. It's the news you need to know, with Rachel Withers.
Good morning, early birds. Bill Shorten has claimed responsibility for the Labor Party's shock federal election loss, and the government addresses claims of water hoarding in the Murray-Darling basin. It's the news you need to know, with Rachel Withers.
Good morning, early birds. A review has called for an overhaul of finance regulator APRA after significant cultural problems were identified, and the Queensland government looks to prosecute Adani over a misleading report. It's the news you need to know, with Rachel Withers.
Despite the fallout of the banking royal commission, the big banks have led the way in lifting the stock market in 2018-19.
As the "sorry" pageant rolls on, we have to remember the physical impossibility of apology in the mind of something not living.
In taking a purely economic approach to banking competition, the Productivity Commission failed to recognise the politics of big companies.
ASIC's plan to send agents into banks to detect wrongdoing misses the point that ASIC rarely prosecutes anyone.