keywords: Commonwealth Bank

  • AUSTRALIA

    Banks remain protected species

    • John Warhurst
    • 04 February 2019
    10 Comments

    Kenneth Hayne's royal commission into the financial sector has named, shamed and excoriated banks, regulators, insurance companies and other financial services businesses to the extent that you would think they are now extremely vulnerable and universally unloved. That would be a mistake.

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  • ECONOMICS

    What it will take to redeem the banks

    • Andrew Hamilton
    • 05 December 2018
    8 Comments

    Now that the royal commission hearings have finished, people are asking whether things will change. There are grounds for both cautious hope and pessimism. Hope is based on the expectation that the exposure of greed, complacency and lassitude in institutions, boards and regulators will lead them to hunger for a better reputation.

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  • AUSTRALIA

    Banking on the common good

    • Andrew Hamilton
    • 15 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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  • RELIGION

    Which bishop is challenging the bank on fossil fuels?

    • Jill Sutton
    • 12 November 2014
    3 Comments

    There has been an avalanche of divestment, including from the Rockefellers and the ANU, as they discern a lack of concern for environmental, social and governance issues. Shareholders attending Wednesday’s Commonwealth Bank AGM will hear a resolution requesting more transparency about the bank’s fossil fuel investments. But the bank’s response can seem like a game whose rules only become clear to its participants as they play it. Banks and other powerful organisations can still exploit any lack of clarity. 

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  • ECONOMICS

    Commbank plunder part of new world economic order

    • David James
    • 07 July 2014
    7 Comments

    As the Pope and economist Thomas Pikkety have observed in recent times, the inequity created by capitalism is a growing concern. But the problem with this argument is that 'capitalism' is too broad a term. The attack would be far better directed against the financialisation of developed economies. A new type of sovereign has emerged, and like all rulers they are cheerfully engaging in acts of plunder.

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  • AUSTRALIA

    Islamic values could control bank greed

    • Michael Mullins
    • 08 November 2010
    10 Comments

    Liberal Senator Cory Bernardi dismissed Islamic banking as 'incompatible with Australia's Western values'. But Western values that uphold a banking system that treats its customers with disdain – as the Commonwealth Bank did last week – need to be questioned.

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  • AUSTRALIA

    Are we respecting our elders?

    • Cristy Clark
    • 26 November 2020
    5 Comments

    This past weekend, I visited my grandparents in their residential aged care home. As usual, it was both lovely and utterly heartbreaking. Lovely, because I feel so lucky to be able to spend time with them, that they are still alive, their home is accepting visitors, and they still remember who I am. But, also, heartbreaking, because aging is tough, and living in residential aged care is tougher still, and this year, well, this year has made it all so much harder.

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  • ECONOMICS

    October Budget rides on collective confidence

    • Joe Zabar
    • 24 September 2020
    3 Comments

    The havoc COVID-19 has wreaked on our economy has been less damaging than for some other countries. While international comparisons may help us feel better about our circumstances, the reality is that Australia’s economy is in trouble and will need more than economic first aid through measures like JobKeeper to get us back on track to recovery.

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  • MEDIA

    Looking back on Alan Jones

    • Binoy Kampmark
    • 15 May 2020
    12 Comments

    Alan Jones has never shied away from controversy. Relentlessly pounding various positions for decades, he has remained, till his recent announcement that he would be retiring, immoveable. He ducked accusations; he prevailed in the face of storms and juggernauts. At Sydney radio station 2GB, he maintained a degree of authority from the fear of politicians.

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  • AUSTRALIA

    Government needs to freeze rent and mortgages

    • Sangeetha Thanapal
    • 31 March 2020
    5 Comments

    The long queues outside Centrelink and the crashes on the website have fuelled the fears of many people, including myself, that one wrong sentence in the application means we will be denied relief, or worse, that even if we are eligible, the money could take weeks to come in, way past the point of financial solvency.

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  • MEDIA

    Dark days for Australian journalism

    • Binoy Kampmark
    • 07 June 2019
    9 Comments

    The gradual additions to Australia's national security framework, in the absence of an entrenched constitutional right protecting the press, has made the conditions ripe for such raids. As Andrew Wilkie warns, such matters begin incrementally: a law here, a raid there, then 'one day you wake up and we look like East Germany'.

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  • RELIGION

    Supporting those on the margins

    • Frank Brennan
    • 18 February 2019

    'We can do this better by breaking down the silos and binding together our concern for nature, justice for the poor, commitment to society, and interior peace.' Opening Keynote Address by Fr Frank Brennan SJ at the Catholic Social Services Australia National Conference, Port Macquarie 19 February 2019.

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