Media Releases

09 July 2019

Talks@Willoughby presents Adele Ferguson speaking about Banking Bad: How corporate greed broke our trust and failed Australia


Adele-Ferguson

Friday 9 August 2019, 12.30pm to 1.30pm
Chatswood Library on The Concourse
Lower Ground, 409 Victoria Ave, Chatswood
FREE event

Adele Ferguson, the journalist who did most to bring about Australia's banking royal commission, will discuss the shocking truth about Australia's financial institutions, on Friday 9 August at Chatswood Library.

In Banking Bad, Adele 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.

Drawing on the multiple sources who led her to break the stories of greed and malpractice – the individuals, business owners, farmers and ordinary people who lost everything – Adele also looks at some of the highly ranked captains of industry who fell so publicly from grace; the compromised regulators, who worked cap in hand with the organisations they were policing; and at the recommendations of Commissioner Kenneth Hayne to a government who never wanted the investigation at all. She asks: “where to from here?”

Adele Ferguson is a multi-award winning senior business writer and columnist for leading newspapers The AgeThe 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.

Lindfield Bookshop will provide copies of the author’s book for sale on the day.

Free, but bookings essential at willoughby.nsw.gov.au/Library

Media Contact:
Julia Phipps
Media & Marketing Team Leader
Phone: 9777 7896
Email: julia.phipps@Willoughby.nsw.gov.au

For non media related enquiries contact Willoughby City Council on 9777 1000 or email@willoughby.nsw.gov.au