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Banking Bad: Whistleblowers. Corporate cover-ups. One journalist's fight for the truth.
Released the same day as the standard print edition
Title:
Banking Bad: Whistleblowers. Corporate cover-ups. One journalist's fight for the truth.
Written by:
Adele Ferguson 
Read by:
Adele Ferguson 
Format:
Unabridged CD Audio Book 
Number of CDs:
11 
Duration:
13 hours 5 minutes 
Published:
August 05 2019 
Available Date:
August 05 2019 
Age Category:
Adult 
ISBN:
9780655622840 
Genres:
Non-fiction; Business; Economics 
Publisher:
ABC Audio 
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NZD$ 44.95
NZD$ 44.95
 

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 whereto from here?