Business
Banking & finance
Analysis
Open banking
The fight over $1.5 billion ‘game-changer’ that hasn’t lived up to the hype
When former prime minister Scott Morrison outlined his vision for an ambitious banking policy in 2018, he declared it would be a “revolution” for Australian customers.
- by Clancy Yeates
Latest
Directorship cloud over failed mining group involving financier Simon Raftery
An administrator’s report on the group that ran the Wilkie Creek coal mine details the possible involvement of shadow directors in the company’s operation.
- by Anne Hyland
Exclusive
Courts
Bullying claims, death threat at centre of elite Sydney stockbroker’s lawsuit
A legal drama has erupted within the gleaming towers of Barangaroo, where one of Sydney’s slick sharemarket betting agencies is being sued by a former star employee.
- by Andrew Hornery
The ‘unacceptable failure’ that left ANZ red-faced
Investors are assessing the financial implications of probes into ANZ’s markets division, amid allegations of misconduct by traders.
- by Sumeyya Ilanbey
Distressed borrowers seeking to access super to help repay mortgages: AMP
“If you look at our customer base, there is an element of customers and the community doing it really tough,” says AMP chief executive Alexis George.
- by Sumeyya Ilanbey
Rate rises will fail to tame inflation: $140b fund’s investment chief
The investment chief of UniSuper says monetary policy has run its course, and inflicting more pain on squeezed households is not the answer.
- by Clancy Yeates
Is this really my bank calling? Westpac moves to stop impersonation scams
In a bid to foil impersonators, Westpac customers will receive calls via their app that are branded, verified by Optus and show a reason for the call. But will it make a difference?
- by David King
ANZ fires, suspends traders amid alleged dealing misconduct
ANZ chief Shayne Elliott said the bank’s board is probing the alleged misconduct and would “ensure consequences will be applied to senior executives, both past and present, including myself, where appropriate”.
- by Harry Brumpton
Macquarie affirms bet on green energy shift after ‘soft start’ to year
Macquarie Group boss Shemara Wikramanayake says any change in policies, including under a Trump presidency, won’t derail the long-term green energy transition.
- by Millie Muroi
‘What’s going on here?’: ASIC probes fast-growing private debt markets
The head of Australia’s corporate regulator wants more visibility when it comes to the private credit market, where companies go if the banks won’t lend.
- by Millie Muroi
A $180m deal was meant to rebuild Simon’s fortunes. Six months on, he struggled to scrape together $1m
Wilkie Creek coal mine was meant to revive the fortunes of Simon Raftery’s private credit firm. Instead, he lost colleagues, his house and became entangled in multiple court battles.
- by Anne Hyland