Archived News for Finance Sector Professionals - January, 2020
Two big firms have abandoned their controversial use of supply chain financing.
Bligh backs bank changes
Australian Banking Association chief executive Anna Bligh has reflected on the changes since the end of the banking royal commission.
Drought funds flow to LNP seats
It has been revealed that the Federal Government ignored its own criteria in awarding millions worth of drought grants.
PM faces colour-coded questions
The Prime Minister has dodged questions about the ongoing ‘sports rorts’ scandal, as new details deepen the dodginess.
Tate emerges almost unscathed
A corruption probe has investigated the alleged interference in council decisions on the Gold Coast.
ARENA needs lifeline
Experts want the Morrison government to save the Australian Renewable Energy Agency (ARENA).
Blame spread for funding delays
Farmers have slammed the year-long delays in getting drought funding applications assessed.
Climate costs loom
Economists say Australian living standards will slip due to the cost of a changing climate.
Big bank grift trial continues
More charges could be on the way for a former Commonwealth Bank clerk accused of illegally moving $2.4 million out of a customer's account.
Ex-minister lands at Boeing
Former defence minister Brendan Nelson has received a plum posting as president of Boeing Australia.
Global raids reveal dodgy locals
The ATO is investigating hundreds of Australians with money in Central American banks after global money laundering raids.
Westpac gets new chair
Westpac has placed veteran banker John McFarlane in charge of dealing with a giant money-laundering scandal.
WHO issues antibiotic warning
The World Health Organization warns there is not enough money or innovation going into developing new antibiotics.
Trust drops in unequal world
A long-running study has found people no longer believe working hard will lead to a better life.
Sophos issues 'fleeceware' warning
A new report finds Android apps designed to drain user’s wallets have been downloaded more than 600 million times.
BlackRock to ease off coal
The world's largest fund manager says it will reduce its exposure to thermal coal.
Audit shows sporting pork-barrel
The auditor-general has found a federal government minister awarded $100 million worth of grants based on electorates the Coalition wanted to win.
RBA defends cash ban
The Reserve Bank has responded to conspiratorial concerns about its proposed cash ban.
FWO recovers food wages
The Fair Work Ombudsman says it has recovered $731,648 in unpaid wages for 780 workers at a number of metro-based food businesses.