Search Results: banking

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  • ECONOMICS

    Lehman Brothers and the next GFC

    • Binoy Kampmark
    • 12 September 2018
    2 Comments

    It has been a decade since the banking aristocracy Lehman Brothers filed for bankruptcy in what would be the chant of doom that became the Global Financial Crisis. Today, the legacy of Lehman Brothers and the crisis it helped precipitate supply warnings of the next shock.

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  • AUSTRALIA

    Banking on the common good

    • Andrew Hamilton
    • 14 August 2018
    7 Comments

    If trustees don't understand the meaning of trustworthiness, all the penalties in the world won't encourage them to act in a trustworthy manner. What is needed is conversion — the recognition that the good of each individual depends on their seeking the common good, and the determination to ensure that this vision permeates corporations.

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  • ECONOMICS

    Australia's deadly game of mates

    • David James
    • 13 August 2018
    6 Comments

    Murray and Frijters detail what they call Australia's 'grey corruption': the grubby nexus between 'James' (corrupt business people) and governments or regulators. The Jameses thrive at the expense of the 'Bruces': ordinary working people. The games of the corrupt elite now cost the 'Bruces' about half their wages.

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  • RELIGION

    Vatican pointers for banks royal commission

    • Andrew Hamilton
    • 29 May 2018
    15 Comments

    As the royal commission prepared to resume its hearings into financial services the Vatican released Oeconomicae et pecuniariae quaestiones, on the ethics of markets. Although written quite independently, passages of the document could have been mistaken for factual reporting of the royal commission.

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  • RELIGION

    A stringent critique of financial abuse

    • Bruce Duncan
    • 29 May 2018
    5 Comments

    The Vatican has launched a stringent critique of abuses in global economies, abuses that are driving astonishing inequality and threatening ecological sustainability. 'Oeconomicae et pecuniariae questiones' reiterates the call for an urgent dialogue between politics and economics to advance human life and wellbeing.

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  • RELIGION

    Accountability a virtue in churches and banks

    • John Warhurst
    • 21 May 2018
    33 Comments

    General apologies don't go far enough. Compensation is necessary, but also not enough. The reputation of the church would now be higher if there were more obvious signals of accountability by those in charge. The offer of resignation made as a group to Pope Francis by the entire Chilean hierarchy is a breath of fresh air.

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  • ECONOMICS

    Japan could lead the way in forgiving debt

    • David James
    • 13 May 2018
    4 Comments

    As the world economy groans under soaring levels of debt, the place to look is Japan, whose current government debt-to-GDP ratio is an eye watering 253 per cent. It is Japan, which led the developed world into this mess, that is likely to lead the world out of it by cancelling debt. The consequences of such a move would be far reaching.

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  • RELIGION

    Subverting idolatry in churches and banks

    • Andrew Hamilton
    • 01 May 2018
    31 Comments

    The banking royal commission has already come to resemble the earlier child abuse royal commission. To observers who share a personal and public-spirited interest in the decent functioning of institutions, the similarities invite reflection on why two apparently different forms of institution should behave in such similar ways.

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  • AUSTRALIA

    Turnbull's unfinished business for 2018

    • John Warhurst
    • 01 February 2018
    7 Comments

    There are opportunities for both sides of politics, government and opposition, in the leftovers from 2017. The balance looked to have shifted somewhat back towards the government in the final weeks of last year. The task of Malcolm Turnbull will be to begin the new year as he ended the last.

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  • AUSTRALIA

    Turnbull friendly fire is mostly undeserved

    • John Warhurst
    • 04 December 2017
    8 Comments

    As Barnaby Joyce, standing beside the Prime Minister last Saturday night after his by-election win, proclaimed: 'Running a country is a little harder than running sheep through a gate.' Similarly, Turnbull must find running a party, much less a Coalition of parties, like herding cats.

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  • ECONOMICS

    World trade is now America versus China (and Russia)

    • David James
    • 22 August 2017
    4 Comments

    The anti-Russian frenzy in the United States amounts to little more than a great deal of evidence that the intelligence community suspects there might be a great deal of evidence that the Russians have been meddling. It has to rank as one of the biggest, and most orchestrated, blind alleys of modern media coverage. When a journalist says an anonymous ‘respected source’ thinks the Russians are up to something, this writer is always left wondering: respected by whom? His dog?

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  • ECONOMICS

    Where is money headed?

    • David James
    • 29 July 2017
    2 Comments

    The daily fluctuations of financial markets and the fractious debates over economic policy are concealing something deeper and much more disturbing. The future of money itself is in question. A decade after world banking almost collapsed in the global financial crisis, the questions raised have not been answered.

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