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Banking Bad: Whistleblowers. Corporate cover-ups. One journalist's fight for the truth. by [Ferguson, Adele]
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Banking Bad: Whistleblowers. Corporate cover-ups. One journalist's fight for the truth. Kindle Edition

4.6 out of 5 stars 16 customer reviews

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Length: 416 pages Word Wise: Enabled Enhanced Typesetting: Enabled
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Product description

Book Description

The shocking truth about Australia's financial institutions, as told by the journalist who did most to bring about Australia's banking royal commission. Against all the odds Australia ended up with a banking royal commission. Since hearings began in 2018, revelations about banking and insurance company practices have rocked the nation. Even defenders of the banks have been blindsided.

Product Description

For every person with a bank account

Against all the odds, Australia held a royal commission into the banking and financial services industries. Its revelations rocked the nation. Even defenders of the banks were blindsided.

Few people were more instrumental in bringing about the commission than journalist Adele Ferguson. Through her exposes in print and on television, she pursued the truth about funds mismanagement, fraud, lack of probity, and the hard-sell culture that took over the finance industry after deregulation in the 1980s. But it wasn't just light-touch regulators and crooked bankers growing fat on bonuses she put under the spotlight. It was also their victims - men and women who had lost everything, and had no recourse when they discovered empty accounts, egregious fees, forged documents and broken promises.

Now in Banking Bad, Ferguson tells the full story of the power imbalance, toxic culture and cover-ups. She describes the long fight for justice by whistleblowers, victims and political mavericks, and she looks at the outcomes of the royal commission - the falls from grace, the damaging hubris, the scathing assessment of the regulators, and the colossal compensation bill - an estimated $10 billion.

Finally, she asks whereto from here? In May 2019, the Coalition government, which resisted calls for a royal commission, was re-elected. Bank stocks surged and lending regulations were loosened. Will it all be business as usual from now on, or have our financial executives learned that their wealth cannot come at the expense of ordinary Australians?

This is a book for every person with a bank account.

PRAISE

'Ferguson's pacey writing style gives the book the air of a corporate thriller.' - Michael Rowland, ABC News Breakfast

'And for those of who anticipate that corporate Australia will lapse back into the state of complacency and misconduct revealed in the APRA CBA Report and the Hayne Royal Commission, ... should read the whole book for themselves - for no other reason than that it so clearly identifies the issues of governance and culture that seems to have escaped them for so long.' - Graeme Samuel, Professorial Fellow in the Monash Business School and former chairman of the ACCC

'[Adele] recounts a colourful cast of bullies, thieves and crooks being rewarded extraordinary sums to rip off customers.' - Money Magazine


Product details

  • Format: Kindle Edition
  • File Size: 12760 KB
  • Print Length: 380 pages
  • Publisher: ABC Books (1 August 2019)
  • Sold by: HarperCollins Publishers (AU)
  • Language: English
  • ASIN: B07NPXBNJ7
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Screen Reader: Supported
  • Enhanced Typesetting: Enabled
  • Average Customer Review: 4.4 out of 5 stars 12 customer reviews
  • Amazon Bestsellers Rank: #6,363 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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