India stands to economically benefit from the introduction of a Goods and Services Tax. Australia could also cash in.
Some have accused Narendra Modi of leading a ‘directionless’ government, but his focus has been on tackling some of India’s biggest pain points.
Harish Tyagi/EPA/AAP
Media reports about alleged involvement of subsidiaries of Australia’s premier financial institution and regulator, the Reserve Bank of Australia, in bribery cases would disturb every right-minded Australian…
HSBC chief executive officer Irene Dorner testifies before the US Senate about allegations of money laundering within HSBC.
AAP
Recent news that HSBC executives admitted to allowing Iran, terrorists and drug dealers to launder nearly USD$16 billion over a six-year period would make earth underneath you shake. How is that the bank’s…
Could online peer to peer lenders compete with major banks?
Flickr: Alan Levine
In a recent speech, Bank of England executive director Andy Haldane has said that peer-to-peer (P2P) lending through online sites has the potential to eventually replace old-fashioned banking. It was followed…
Banks such as NAB are reportedly positioning themselves to use covered bonds to raise funds.
Australian banks are positioning themselves to take advantage of new laws allowing them to use the new instrument of covered bonds to raise funds. Our large banks especially have enthusiastically welcomed…
UBS chief Oswald Gruebel has stepped down after a rogue trader cost the bank $US2.3 billion.
AAP
The chief executive of Swiss banking giant UBS, Oswald Gruebel, has quit following revelations of a $US2.3 billion fraud by “rogue trader” Kweku Adoboli. But the news will come as cold comfort for investors…