South Africa needs take a radically different path if it is going to make its economy more inclusive. It must start from the premise that markets are intrinsically skewed to historic privilege.
It’s hard to calculate the risk from rising mortgage delinquencies.
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Business Briefing: fixing culture in banking and finance
The Conversation19.7 MB(download)
"Banking culture" has drawn a lot of scrutiny this year, after several high-profile scandals. But Professor Paul Kofman says there isn't much evidence for how to intervene if there's a problem.
An ASIC report detailing how financial advice was paid for but not given by Australia’s big four banks exposes a culture problem that the government needs to deal with.
Millions of Americans in nine states will vote on Nov. 8 for the right to do this.
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Nine states are deciding whether to legalize marijuana. Yet the drug’s prohibition at the federal level has created an unstable financial environment for producers and retailers.
Home owners will bear the brunt of the new lending restrictions from APRA when it’s lenders who should be penalised.
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APRA has updated its guidance to lenders on concerns about the risks to financial stability from the housing market, but it should be focusing more on the banks, not hurting those with a mortgage.
A transaction of 88 bales of cotton in Qingdao sometime in early November is been hailed as revolutionary.
Dave Hunt/AAP
Apparently, the world is holding its breath on the unloading of a few bales of cotton, which “could change trade forever”. In Qingdao sometime in early November, 88 bales of cotton will be unloaded and…
Culture and family can play an important role in whether you can pay off your mortgage, new research shows.
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People from South East Asian countries are less likely to default on their mortgages because of a culture of financial assistance from families, new research shows.
Just when we all thought that the Australian Securities and Investments Commission (ASIC) had already won the race to be most ineffective regulator of the year, up pops the Australian Prudential Regulation…
The thousands of Wells Fargo low-wage employees who defrauded customers likely knew how it felt to face unfair overdraft fees or a deteriorating credit rating. So why did they do it?
ASIC chairman Greg Medcraft could learn a thing or two from his US counterparts.
Mick Tsikas/AAP
ASIC has been too slow to prosecute those accused of rigging the bank bill swap rate so it doesn’t matter if the government makes the penalties harsher for those found guilty.
Commonwealth Bank chief Ian Narev was the first to appear before a parliamentary committee inquiring into the practices of the big four banks.
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