Vulture City (Paperback)

Tom Ravlic

ISBN 10: 1925927024 / ISBN 13: 9781925927023

Published by Wilkinson Publishing, Warriewood, 2019

About this Item

Paperback. Vulture City: How Our Bankers Got Rich on Swindles strips away the jargon, the financial alchemy and corporate speak in order to give you a stark assessment of how the banks put profit ahead of focusing on customer needs.The Banking Royal Commission presided over by Kenneth Hayne QC laid bare some of the most egregious acts of exploitation of vulnerable consumers ever seen before a public inquiry. It shocked average Australians and bewildered seasoned business commentators. Bankers, financial advisers and other intermediaries stood on the shoulders of children, the infirm, the indigenous, the elderly, the gambling addicted, the financially illiterate and walked over the dead to get their hands on the commissions and bonus payments to which they would assert they had a right because the system rewarded the selling of products over a sense of duty of care to customers.Did anyone at any point in a position of authority stop to think whether this was right? At what point did banks and other entities transform themselves into businesses that ended up sucking consumers dry rather than being a safe space for people to place funds? Investigative journalist Tom Ravlic has spent more than two decades looking at corporate governance, business and finance and the world of number crunching. He dissects case studies, explains what went wrong and explores possible solutions to the current trust deficit in Australia's finance sector.About the AuthorTom Ravlic is an investigative journalist, author and academic with more than 23 years' experience in reporting on and analysing politics and regulatory affairs for local and international media. He returned to journalism in 2016 after spending 12 years in the finance sector dealing predominantly with regulatory and policy analysis, corporate governance, government relations and risk management.Tom's work has been published in Retail Banker International, Card International, The Accountant, the Daily Telegraph, the Sunday Mail, Crikey, The Saturday Paper and domestic and international professional journals. Tom is a fellow of the Institute of Public Accountants and FINSIA. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.

Seller Inventory # 9781925927023

Bibliographic Details

• Title: Vulture City (Paperback)
• Publisher: Wilkinson Publishing, Warriewood
• Publication Date: 2019
• Language: English
• ISBN 10: 1925927024
• ISBN 13: 9781925927023
• Binding: Paperback
• Condition: new

About this title

Synopsis

The royal commission chaired by former High Court Judge Kenneth Hayne revealed multiple instances of white-collar crime, failures to meet community standards and breakdowns in governance within Australia’s top finance companies. Australians were gobsmacked at revelations that bankers, brokers and advisers in financial institutions in a country renowned for believing in a ‘fair go’ were dooming customers to a life of debt and misery while feathering their own nest.Financial advisers and bankers climbed on the shoulders of children, the infirm, the indigenous, the financially illiterate and the gambling addicted and stepped on the dead in order to reach for the bags of money viewed as just reward for meeting performance measures set by the companies that are now facing billions of dollars of remediation payments to the customers their organisations stiffed.Vulture How our bankers got rich on swindles takes a deep dive into a series of case studies from the transcripts, exhibits and reports of the Hayne Royal Commission. Investigative journalist Tom Ravlic casts his forensic eye over the financial wreckage and explains why some people choose to behave badly, enrich themselves and hurt others in the process.