Writers at Stanton - Adele Ferguson

08-Aug-2019 • 1pm

Banking Bad - Adele Ferguson

Against the odds Australia ended up with a banking royal commission. As hearings progressed in 2018, revelations about banking and insurance practices rocked the nation. Even defenders of the banks were 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 or questionable practices to get their hands on funds, along with aggressive selling practices that ignored due diligence, trust and honesty.
Adele Ferguson is a multi-award winning senior business writer and columnist for leading newspapers The Age, The Sydney Morning Herald and the Australian Financial Review. She is a regular guest reporter on ABC's Four Corners and the author of the best-selling unauthorised biography of Gina Rinehart, the richest woman in Australia. Her series of investigations into financial institutions over the past five years helped bring about a royal commission into the sector.