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Banking Bad

How Corporate Greed and Broken Governance Failed Australia
Narrated by: Adele Ferguson
Length: 13 hrs and 5 mins
5 out of 5 stars (1 rating)

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Publisher's Summary

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.

In Banking Bad, Adele Ferguson traces the origins of the banking scandal to the early 1990s, when buckets of money began pouring into compulsory superannuation funds, set up by Labor Treasurer Paul Keating. Attracted by the increasing cash, banks devised corrupt and questionable practices to get their hands on funds, along with aggressive selling practices that ignored due diligence, trust and honesty. Drawing on her multiple sources who led her to break the story of malpractice – the individuals, business owners, farmers and ordinary people who lost everything - Adele also looks at the falls from grace at the hands of the royal commission of some of the country's most highly ranked captains of industry, the failure of regulators and recommendations of the commissioner, Kenneth Hayne. And she asks where to from here?

©2019 Adele Ferguson (P)2019 Bolinda Publishing

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Brilliant. Reveals tragic path to Royal Commission

investigative journalist Adele Ferguson writes a gripping account of the rot in Australia's fin-services sector.

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  • Stephen Brand.
  • 08-20-19

So revealing

Exceptional investigative journalism. loved it but was confronted by the facts that came out. a must read for anyone using the financial sector.

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  • Jennifer
  • 08-18-19

Brilliant journalism by Adele Ferguson

This is a great summary of the history and failures of the banking sector in Australia over the past four decades culminating in a Royal Commission which the author was instrumental in achieving. Well worth a listen for leaders in the banking sector, for those interested in what integrity really means, and for those in the broader community with responsibility for delivering essential community services.

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  • AM
  • 08-17-19

Absolutely Outstanding!

I am in awe! Evil does flourish when good people do nothing. Thank you Adele.