Now that Australia’s banks have had a number of years to heavily sell hybrid securities to retail investors, the Australian Prudential Regulation Authority (APRA) has confirmed that such securities will be the first bank liabilities written off—“b
The leading institutions of the bankrupt trans-Atlantic financial system issued a report on 16 August, warning that there are no mechanisms in place at this time that can prevent a blow-out of the $600 trillion-plus global financial derivatives bu
Australia’s big banks are careening along a cliff’s edge at breakneck speeds with ordinary investors strapped to their bumpers as human shock absorbers.
If your federal MP has assured you that the CEC is wrong, and that there is no “bail-in” law—to prop up failing banks with seized deposits, Cyprus-style—planned for Australia,
