Australian Bank Inquiry Ousts Executive Amid Fee Scandal

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The head of Australia's largest wealth manager, AMP, has resigned. Peter Ryan is senior business correspondent for ABC in Australia, and explains how AMP had been charging fees for services it did not provide. Also in the programme, the South African president Cyril Ramaphosa has returned home early from the Commonwealth conference in London to deal with unrest in the North Western Province. The BBC's Pumza Fihlani in Johannesburg gives us the background. We have a report from Paris on a scheme that offers a cash incentive to people to scrap their car in favour of bicycles or public transport. Plus we look back at the rest of the week's big business stories with Stephanie Baker of Bloomberg in London and Jessica Dye of the Financial Times in New York. (Picture: An AMP logo. Picture credit: Getty Images.)