Suncorp Bank are facing the royal commission today.
Rien Low has just addressed the commission talking about how he was treated by the bank in the wake of his father's death.
The bank had issued Mr Low's father with five business loans prior to his death which Mr Low says was irresponsible.
"I don't believe Suncorp has shown us any compassion at all as humans," said Mr Low.
You can follow all the events from the royal commission .
If there is one thing we have learnt about private equity recently, it's that they're not scared to reunite with their former babies.
Ben Gray and Simon Harle proved it with a second dip at Healthscope - albeit for their new shop BGH Capital - while Pacific Equity Partners snapped up ex-Crescent Capital portfolio company Lifehealthcare.
When there is money on the line, there is clearly no shame in going back.
So in that context, we wonder what the pinstripes make of bombed-out pet shop and vet owner Greencross.
Street Talk has the full story here.
Lawyers are voicing concerns about the lack of procedural fairness for banks and individuals appearing before the Hayne royal commission, saying the allegations raised can do irreparable harm to their reputation even if they are ultimately not proved.
This was particularly so for submissions about breaches of criminal provisions, lawyers said, because in an ordinary criminal court case the accused would be given a proper opportunity to defend themselves.
The issue was highlighted in barrister Andrew Woods' submission to the royal commission made on behalf of Henderson Maxwell and its founder Sam Henderson.
Misa Han has the full story here.
We all know the feeling, a German bank accidentally deposits $31 billion into your account... Well, Macquarie Group does at least!
In March 2014, Deutsche Bank mistakenly sent €21 billion ($31 billion using the current exchange rate) to Macquarie Group as collateral for an over-the-counter derivatives trade, according to a person familiar with the matter who declined to be identified.
That incident led directly to the introduction of fail-safes, though these didn't catch the latest gaffe, the person said.
A Deutsche Bank spokesman confirmed the error, but declined to comment further. Macquarie Group declined to comment.
Read the full story here.
The Australian market has rallied from earlier losses but is still trading just below yesterday's close.
The S&P/ASX 200 index is down 5 points, or 0.1 per cent, at 6032.1.
BHP Billiton and Woodside Petroleum are leading the market losses, wiping a combined 10.2 points from the index.
NAB and Westpac are the market's next biggest weights despite only modest losses.
Telstra has risen above $2.90, up 4.1 per cent while Aristocrat Leisure has rise 4.8 per cent.
Vocus is the index's best performer, up 4.8 per cent.
Orocobre is down 5 per cent.
Foreign banks are circling Australia once more as they bet on resources and infrastructure investment gathering pace at a time when local banks are distracted by a government inquiry following a string of scandals.
Some, like Barclays, are plotting a return to the market, which holds some $4.6 trillion in banking assets and whose banks are among the most profitable in the world, just two years after an abrupt exit.
Besides Barclays, Dutch lender ABN AMRO expected to launch onshore banking operations in Australia in the second half, an executive said, while Italy's Intesa Sanpaolo planned to open a branch, a person familiar with the move said.
Read the full story here.
The Finance Sector Union has seized on a National Australia Bank executive's comment that false witnessing of documents in its advice business was a "cultural" issue as the union pushes for lighter penalties for planners who admitted to the breaches.
Planners at NAB who acknowledged breaching the bank's policies on how a key superannuation form was signed - - have had their bonuses cut by 25 per cent.
They have also been issued with a "compliance breach," and told that the bank would make an "adverse" comment to prospective employers under the banking industry's reference sharing and information sharing protocol, the union says.
Clancy Yeates has the full story here.
Criminals have stolen about $US1.2 billion ($1.6 billion) in cryptocurrencies since the beginning of 2017, as bitcoin's popularity and the emergence of more than 1,500 digital tokens have put the spotlight on the unregulated sector, according to estimates from the Anti-Phishing Working Group released on Thursday.
The estimates were part of the non-profit group's research on cryptocurrency and include reported and unreported theft.
"One problem that we're seeing in addition to the criminal activity like drug trafficking and money laundering using cryptocurrencies is the theft of these tokens by bad guys," Dave Jevans, chief executive officer of cryptocurrency security firm CipherTrace, told Reuters in an interview.
Read the full story here.
Breaking news, Wesfarmers is selling Bunnings UK.
Wesfarmers has announced it is abandoning its disastrous attempt to expand its Bunnings Warehouse chain into the United Kingdom. The conglomerate said on Friday it will sell its British hardware business, including the Homebase chain it bought in 2016 and 24 pilot Bunnings stores it had opened, to restructuring firm Hilco Capital.
Here's how the ASX 200 looks at the open. Shares are down 0.26 per cent in the final session of the week.