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Banking Bad : How Corporate Greed and Broken Governance Failed Australia

SKU: 9780733340116
Regular price $36.99
Unit price
per
  • Author:
    FERGUSON Adele
  • ISBN:
    9780733340116
  • Publication Date:
    July 2019
  • Edition:
    1
  • Pages:
    400
  • Binding:
    Paperback
  • Publisher:
    ABC Books
  • Country of Publication:
Banking Bad : How Corporate Greed and Broken Governance Failed Australia
Banking Bad : How Corporate Greed and Broken Governance Failed Australia

Banking Bad : How Corporate Greed and Broken Governance Failed Australia

SKU: 9780733340116
Regular price $36.99
Unit price
per
  • Author:
    FERGUSON Adele
  • ISBN:
    9780733340116
  • Publication Date:
    July 2019
  • Edition:
    1
  • Pages:
    400
  • Binding:
    Paperback
  • Publisher:
    ABC Books
  • Country of Publication:

Description

The shocking truth about Australia's financial institutions, as told by the journalist who did most to bring about Australia's banking royal commission.

Against all the odds Australia ended up with a banking royal commission. Since hearings began in 2018, revelations about banking and insurance company practices have rocked the nation. Even defenders of the banks have been blindsided.In Banking Bad, Adele Ferguson traces the origins of the banking scandal to the early 1990s, when buckets of money began pouring into compulsory superannuation funds, set up by Labor Treasurer Paul Keating. Attracted by the increasing cash, banks devised corrupt and questionable practices to get their hands on funds, along with aggressive selling practices that ignored due diligence, trust and honesty. Drawing on her multiple sources who led her to break the story of malpractice - the individuals, business owners, farmers and ordinary people who lost everything - Adele also looks at the falls from grace at the hands of the royal commission of some of the country's most highly ranked captains of industry, the failure of regulators and recommendations of the commissioner, Kenneth Hayne. And she asks whereto from here?

This is a book every person with a bank account should read and learn from.

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  • The shocking truth about Australia's financial institutions, as told by the journalist who did most to bring about Australia's banking royal commission.

    Against all the odds Australia ended up with a banking royal commission. Since hearings began in 2018, revelations about banking and insurance company practices have rocked the nation. Even defenders of the banks have been blindsided.In Banking Bad, Adele Ferguson traces the origins of the banking scandal to the early 1990s, when buckets of money began pouring into compulsory superannuation funds, set up by Labor Treasurer Paul Keating. Attracted by the increasing cash, banks devised corrupt and questionable practices to get their hands on funds, along with aggressive selling practices that ignored due diligence, trust and honesty. Drawing on her multiple sources who led her to break the story of malpractice - the individuals, business owners, farmers and ordinary people who lost everything - Adele also looks at the falls from grace at the hands of the royal commission of some of the country's most highly ranked captains of industry, the failure of regulators and recommendations of the commissioner, Kenneth Hayne. And she asks whereto from here?

    This is a book every person with a bank account should read and learn from.

The shocking truth about Australia's financial institutions, as told by the journalist who did most to bring about Australia's banking royal commission.

Against all the odds Australia ended up with a banking royal commission. Since hearings began in 2018, revelations about banking and insurance company practices have rocked the nation. Even defenders of the banks have been blindsided.In Banking Bad, Adele Ferguson traces the origins of the banking scandal to the early 1990s, when buckets of money began pouring into compulsory superannuation funds, set up by Labor Treasurer Paul Keating. Attracted by the increasing cash, banks devised corrupt and questionable practices to get their hands on funds, along with aggressive selling practices that ignored due diligence, trust and honesty. Drawing on her multiple sources who led her to break the story of malpractice - the individuals, business owners, farmers and ordinary people who lost everything - Adele also looks at the falls from grace at the hands of the royal commission of some of the country's most highly ranked captains of industry, the failure of regulators and recommendations of the commissioner, Kenneth Hayne. And she asks whereto from here?

This is a book every person with a bank account should read and learn from.