Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
Ian Narev has blamed his bank's financial planning scandal on 'poor advice' from a few individuals, but renewed allegations around CBA's Bankwest buy are potentially far worse and may not be so easily brushed aside.
The fraud scandal in Commonwealth Bank's financial planning division highlights how a systemic sales culture has taken root in the financial sector. ASIC needs to act, but the Coalition's weak response won't help matters.
The bureaucrats in Brussels are convinced austerity will get Europe back on track. But comparing Greece’s experience to that of the US, it’s clear that these measures just compound the problem by forcing the private sector to deleverage further.
In 1983, Australian Terry Crews developed the world's first laptop, but the banks didn't think it was a project worth funding. Three decades later, he's about to launch a new device – only this time he's not at the mercy of a brain-dead financial sector.
Will the Liberal Party’s historic economic fortune hold for this budget? Balancing Joe Hockey’s books would seem to require Australian private sector debt around 250 per cent of GDP by 2025. That’s not an off-the-planet outcome.