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The week finished the thud for ANZ, with an internal review into the bank's involvement in the Opes Prime fiasco revealing management problems. Kohler calls for the resignation of chairman Charles Goode, while Bartholomeusz looks at the breakdown of the bank's risk management systems.
By · 22 Aug 2008
By ·
22 Aug 2008
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ANZ: Charles Goode should resign
Alan Kohler
ANZ is in a mess. Severe deficiencies have been exposed in its risk management and compliance processes. To fix them, CEO Mike Smith needs a new chairman.

Flying without a radar at ANZ
Stephen Bartholomeusz
The Crawford review into securities lending at ANZ Bank paints the disturbing picture of a bank where the systemic failure of risk management processes went undetected for years.

China's American nightmare
Robert Gottliebsen
The Chinese have invested in large quantities of Fannie Mae and Freddie Mac paper. For this, and a raft of other reasons, they'll be hoping Uncle Sam gets well soon.

Not working or networking?
Tony Boyd
Online social networking, once seen as an office time-waster, is not only being accepted by major financial institutions, but embraced.

Playing the climate card
Giles Parkinson
Origin Energy breaks new ground by spruiking its green credentials as part of its defence against the $13.8 billion bid from BG Group.
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