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Banking Bad: How Corporate Greed and Broken Governance Failed Australia

Banking Bad: How Corporate Greed and Broken Governance Failed Australia

1 MP3 Audio MP3 CD Included

by Adele Ferguson
Audio disc
Publication Date: 05/08/2019

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$36.35

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?

ISBN:
9780655622857
9780655622857
Category:
Economics
Format:
Audio disc
Publication Date:
05-08-2019
Language:
English
Publisher:
Bolinda Publishing Pty, Limited
Country of origin:
Australia
Pages:
1
Dimensions (mm):
122x132mm
Weight:
0.07kg
Adele Ferguson

Adele Ferguson is a multi-award winning senior business writer and columnist for The Age, the Sydney Morning Herald and the Australian Financial Review. She is a regular guest reporter on ABC's Four Corners and 7.30, and is the author of the bestselling unauthorised biography Gina Rinehart: The untold story of the richest woman in the world. With more than 20 years' experience, Adele is one of Australia's most awarded journalists.

She has received eight Walkley awards, including a Gold Walkley for her joint Fairfax Media and Four Corners program ‘Banking Bad'; two Gold Quill Awards, including one for her exposé of CBA's CommInsure; two Gold Kennedy Awards; a Logie; and the Graham Perkin Journalist of the Year award. Her series of investigations into the banks over the past five years helped bring about the royal commission into the sector. She was recognised for services to journalism with an AM in 2019.

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