Today
CBA’s Matt Comyn loses his right-hand man, the meticulous David Cohen
Over 15 years at the bank, David Cohen has seen it all. On his retirement, he provides a potted history of CBA’s numerous troubles and its transformation.
- James Eyers
Yesterday
ACCC rejects Treasury’s attempts to copy US, NZ merger laws
The competition watchdog has warned Treasury that two of the government’s three proposals for merger reforms would fail to fix systemic problems, leaving consumers, small businesses and farmers worse off.
- Hannah Wootton
This Month
- Opinion
- Wall Street
The Fed runs a fool’s errand on bank capital rules
Finding a risk model that captures potential embezzlement, consumer abuse and money laundering losses is no easy task.
- Marc Rubinstein
- Opinion
- Gina Rinehart
What we can all learn from Blind Freddie
We need policy that helps Australians. We need policies that make investment in our country worth doing.
- Gina Rinehart
Homebuilders worry about costlier kitchens after benchtop ban
Builders and materials suppliers say there’s no clarity on alternative products for the to-be-banned material, and no supply chain to meet demand, either.
- Michael Bleby
ACCC lashes banks for ‘opaque’ pricing of savings products
The ACCC has called for banks to notify customers of changes to bonus savings rates to help them switch, in the final report of its retail deposits inquiry.
- James Eyers
- Analysis
- Government Observed
Why scammers and streamers are in the government’s sights
After years of delay, the government has quietly agreed to a suite of new powers and tools to deal with bad behaviour from the big digital platforms.
- Tom Burton
Engineered stone ban must focus on silica levels: producers
The country’s largest supplier of the potentially lethal product is pushing for a solution that would allow its low-silica alternative.
- Michael Bleby
Engineered stone ban leaves builders, customers in disarray
A ban on the artificial product was expected, but there was little detail on the immediate practical implications in a government agreement announced Wednesday.
- Michael Bleby
- Exclusive
- AUSTRAC crackdown
AUSTRAC to crack down on digital services in 2024
Digital currency exchanges, payment platforms, bullion and non-bank lenders will all be put under the AUSTRAC microscope in 2024.
- Ronald Mizen
Bullock says banks should bear more costs of moving banknotes
The RBA governor’s comments come amid negotiations with cash transport firm Armaguard, which has warned it needs an injection of funds to operate.
- Updated
- James Eyers
The fate of ANZ and Suncorp deal is in the hands of these three people
The high-stakes legal battle over whether the $4.9 billion transaction should proceed is half done. And so far, it is unclear who’s on top.
- James Eyers
‘Populist’ property tax changes won’t boost rental stock: experts
Higher charges for offshore buyers and a cut in application fees for build-to-rent projects aren’t the main measures Australia’s troubled rental market needs.
- Michael Bleby
Executive departures deepen Star Entertainment’s legal woes
Betty Ivanoff, a former group counsel at Crown Resorts and Coca-Cola Amatil, resigns after about six months in the role.
- Zoe Samios
Industry super fund sanctioned over ‘significant cybersecurity deficiencies’
APRA ordered the fund to bring in external advisers to help improve its cyber defences after a hack and multiple reviews found issues.
- Hannah Wootton
ANZ fined $900,000 over disastrous 2015 capital raising
ASIC said the fine for a continuous disclosure failure was “a strong and purposeful warning” to other companies.
- Hannah Wootton
Super funds, insurers line up to get into financial advice game
Michelle Levy, whose review into financial advice led to many of the proposed new laws, said the changes would go “a long way” to making advice cheaper and more accessible.
- Hannah Wootton
Mercer to pay $11.3m penalty in ASIC’s first greenwashing case
The fine, which is still subject to Federal Court approval, would be the first handed down in a greenwashing court action in the financial services industry in Australia.
- Hannah Wootton
Tata Indian boss says he’s ready to take ASX pressure on CHESS
Vivek Ramgopal says Tata will keep the ASX on track as it attempts to rebuild the market’s post-trade system for a second time and responds to criticisms.
- James Eyers
Banks, insurance, super win financial advice relief
Financial institutions will be able to give personal advice to customers at scale, with Labor announcing wind back of rules which followed Hayne royal commission.
- Hannah Wootton
