November
- Exclusive
- Funding
HSBC aims $200 million at Aussie start-ups
The local arm of global banking giant HSBC is hoping to exploit the release of Silicon Valley Bank’s stranglehold on the start-up sector.
- Tess Bennett
AI a ‘great challenge’, Australian regulators warn
Artificial intelligence increases the potential for consumer harms, collusion and data misuse but would also help enforce laws, Australia’s top watchdogs warn.
- Hannah Wootton
APRA to boost small bank liquidity rules
Mutual banks and credit unions will have to value liquid assets regularly to reduce the risks of a bank run causing contagion to the broader financial system.
- James Eyers
Why interest rates could stay high for a decade or more
If markets are right, a new era is beginning and the consequences will be far-reaching for households, companies and governments around the world.
- The Economist
October
‘Shocks’ to amplify interest rate volatility: RBA
War, global trade disruptions, cyberattacks and climate change could make interest rates more volatile, the central bank’s assistant governor, Brad Jones, says.
- John Kehoe
‘What the eff?’: Jack Zhang on Airwallex’s near-death experience
A close call with Silicon Valley Bank could have wiped out half a billion of capital. The swiftness of Airwallex’s response demonstrates why it’s a company to watch.
- Michael Bailey
September
- Opinion
- Bonds
Cracks in the US banking system deepen as bond yields climb
As soaring interest rates create growing stress in the US banking sector, the country’s biggest banks are pushing back against proposed new rules requiring them to hold fatter capital buffers.
- Karen Maley
- Analysis
- Cryptocurrencies
How digital cash got caught up in the culture wars
Plans for central bank digital currencies are gaining momentum around the world — and so are conspiracy theories.
- Siddharth Venkataramakrishnan
August
Why Yellow Corp’s collapse makes a good MBA case study
The threat of strike action was the last straw for a company that was slow to consolidate a series of acquisitions as the debts mounted.
- Matthew Cranston
Non-bank borrowers at the pointy end of mortgage stress
“You are seeing more stress than what you are certainly at the major banks,” APRA chairman John Lonsdale said.
- Lucas Baird
US banks’ loan losses hit $29b on rate pain
Credit card and commercial real estate customers are driving ‘charge-offs’ to their highest level in more than three years.
- Joshua Franklin and Stephen Gandel
July
- Opinion
- Australian economy
Migrants are keeping recession at bay
It is difficult to have a deep downturn when immigration is strong, investors are cautious, and debt is in safe hands.
- Richard Yetsenga
SiteMinder surges 20pc as profit is in sight
The company expects to enter the black in the second half of this financial year, following strong revenue growth and a cut in spending.
- Tess Bennett
June
Big US banks would lose $820b in doomsday scenario, predicts Fed
Annual stress tests show lenders with more than enough capital to weather economic catastrophe.
- Joshua Franklin, Stephen Gandel and Colby Smith
IMF warns higher inflation is here for longer
The need to resolve financial vulnerabilities may take precedence over meeting price growth targets, says the International Monetary Fund’s Gita Gopinath.
- Martin Arnold
Powell faces tricky task of explaining rate pause in Congress
The Fed chairman will be fresh off the June meeting, where he and his colleagues left rates unchanged but signalled they may deliver two more rises this year.
- Catarina Saraiva, Steven T. Dennis and Laura Litvan
‘The golden handcuffs are pretty real’: Tech struggles with job losses
There is an industry-wide feeling that setbacks such as widespread layoffs, the collapse of crypto and the Silicon Valley Bank failure are deflating Silicon Valley’s balloon.
- Ellen Huet
UBS seals Credit Suisse takeover to create bank titan
The Swiss bank announced the closing of the deal in an open letter in local and international newspapers, ending the lender’s 167-year existence.
- Marion Halftermeyer
Economists predict at least two more US rate rises to quell inflation
Experts polled by the FT say Fed will need to take tougher action than markets expect to cool economy. They see the benchmark rising to at least 5.5 per cent this year.
- Updated
- Colby Smith and Sam Learner
May
Powell: rates may not need to rise as far as we thought
The credit crunch expected in the aftermath of recent bank failures may limit how much the US central bank will need to raise its benchmark interest rates.
- Colby Smith
