Restructuring alone won’t clean up the banks’ act – The Conversation AU

Many entrenched motivations for misconduct in the banking sector have been uncovered by the ongoing royal commission. Not least are the conflicts of interest inherent in the major Australian banks providing financial, insurance and mortgage advice and selling related products. The banks, most recently the Commonwealth Bank (following the lead of ANZ and NAB), are…

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Students cry for debt relief after for-profit college collapse, while executives admit no wrongdoing – MarketWatch

As a young high school graduate, Joseph Schettler had dreams of working for the FBI or becoming a forensic psychologist. He took steps to make those dreams a reality. Schettler became the first person in his family to go to college, enrolling in the criminal justice program at ITT Tech in 2006 with assurances from…

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Pfizer separates its consumer health unit in business restructuring – The Globe and Mail

The Pfizer logo is seen at their world headquarters in New York. Andrew Kelly/Reuters Pfizer Inc announced plans on Wednesday to reorganize into three units, separating its consumer health care business that the U.S. drugmaker has been trying to sell since last year. The company said it is still looking for options for the lower-margin,…

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