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Topic: banking
Frydenberg announces banking inquiry

Frydenberg announces banking inquiry

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.

Bill Shorten takes blame for Labor election loss

Bill Shorten takes blame for Labor election loss

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.

Ponying up on interest rates

Ponying up on interest rates

There is now such a serious level of under-confidence in interest rates that it suggests something a bit more than just mere wobbles.

Review finds major flaws in finance regulator

Review finds major flaws in finance regulator

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.

The banks are bastards — and making you wealthier

The banks are bastards — and making you wealthier

Despite the fallout of the banking royal commission, the big banks have led the way in lifting the stock market in 2018-19.

The useless apologies of the banking royal commission

The useless apologies of the banking royal commission

As the "sorry" pageant rolls on, we have to remember the physical impossibility of apology in the mind of something not living.

How much will the royal commission end up costing the banks?

How much will the royal commission end up costing the banks?

A potential $1 billion refund request from ASIC will lead many to think the banks are being penalised. This is far from the case.

Big corporations wield political power in way that eludes our economic watchdog

Big corporations wield political power in way that eludes our economic watchdog

In taking a purely economic approach to banking competition, the Productivity Commission failed to recognise the politics of big companies.

ASIC’s army of agents won’t do a thing. Let the ACCC at the banks.

ASIC’s army of agents won’t do a thing. Let the ACCC at the banks.

ASIC's plan to send agents into banks to detect wrongdoing misses the point that ASIC rarely prosecutes anyone.

Tips and rumours

Tips and rumours

Something is rotten in the state of Danish banking, the reinsurers of the world want nothing to do with coal, and Sky News is hunting for a new boss.