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Australian Banking Association (ABA)

Bank services don’t need to be run for profit
A new weapon against finance workers
Banks threaten campaign against tax levy
Anna Bligh cannot save banks from the public’s outrage
Finance Sector Union wins pay agreement for NAB workers

The Finance Sector Union has just signed a new agreement that covers workers in the National Australia Bank. This comes after widespread consultation with National Australia Bank staff and months of negotiations with the bank. The new agreement guarantees 3% increases; removes the link between sales targets and fixed pay; incorporates the outcomes of the ABA review into product payments over the life of the agreement; and introduces regular forums with NAB decision makers to resolve workplace issues, such as workloads, staffing and relief.
A bank Royal Commission is a good start

The revelations from the Panama papers continue to reverberate around the world. While the Australian angle has so far been a bit anticlimactic, it did kick off a discussion about the banking sector and tax havens. Bill Shorten, in an uncharacteristic display of spinal-cord solidification, seized the initiative and announced that the Labor Party would conduct a Royal Commission into the banking industry if elected.