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Bank on the Pacific
Paresh Kumar Narayan | August 29, 2024Bendigo Bank, Westpac and ANZ are the latest Australian banks to begin their exit from the Pacific Islands, opening the door to Chinese competitors.
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The Pacific Banking Forum
Jonathan Ping | August 7, 2024The first Pacific Banking Forum in July 2024 sought to enhance banking relationships in the Pacific but efforts to reduce reliance on Chinese banking influence in the region are complicated by the exploitative economic ties between Pacific Island Countries and China.
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Fixing the Pacific’s debanking crisis
Louis de Koker | July 11, 2024The withdrawal of major banks from Pacific islands poses significant socio-economic risks to the region, prompting intervention by Australia, the US and New Zealand.
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Banks must speak the same digital language
Daniel Gozman | September 4, 2023The complex, opaque and often outdated systems used by large international banks threaten the stability of the global banking system.
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SVBankrupt
Mark Humphery-Jenner | March 15, 2023The collapse of California’s Silicon Valley Bank is the second-largest banking failure in US history and the largest failure since the Global Financial Crisis.
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Bank erosion
John Coyne | November 8, 2022The growing exodus of international banks from the Pacific is leaving many Islanders without access to the safe, reliable financial services they need.
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Morrison drops the ball on banking reform
Kevin Davis | January 21, 2021Almost two years on from the Banking Royal Commission, the government has yet to implement 44 of its recommendations and has firmly turned its back on five key reforms – including curbing irresponsible lending practices.
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World Bank in the dock over corruption
David Uren | February 26, 2020The World Bank is being accused of suppressing a study which showed that a great deal of aid to the poorest countries is stolen by corrupt officials and salted away in foreign bank accounts.
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Royal Commission’s final report
Theo Chambers | March 5, 2019Brokers play a crucial role in keeping competition alive in the home loan market. Shore Financial CEO, Theo Chambers, reflects on the potential impact on the brokerage industry if the final recommendation of the Hayne Report gets implemented.
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A fresh approach to the transformation of the financial services sector
Jeffrey Tobias | February 15, 2019The report on Australia’s troubled financial institutions only scratches the surface of the problems they face. True business transformation requires a cultural shift to serve customers with respect, empathy and passion, but it’s the only way for companies to survive in an ever more competitve world.
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Swift action required on banking criminality
Liz Campbell | February 9, 2019Trust is hard to define, but it’s certainly difficult to build and its easily lost. With people’s trust in Australia’s banks at an all time low, strong action against wrong doers is required alongside tighter controls in the future.
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Australia’s banks given a decade to change their ways
Diane Nazaroff | February 8, 2019Banks given a decade of work to change their culture and governance and while some of the big hits failed to materialise, the banking royal commission’s final report still lays out serious challenges for the industry, according to experts from the UNSW Centre for Law, Markets and Regulation.