Today
- Opinion
- Chanticleer
Why Shayne Elliott says it’s time to tweak responsible lending rules
The ANZ boss says the derisking of Australia’s very safe banking system is coming at a cost to growth and economic dynamism. A rebalancing is required.
- 13 mins ago
- James Thomson
SME lender Capify swaps out Goldman Sachs as funder
Goldman Sachs Private Capital had previously funded Capify with a $135 million facility established in 2019.
- 48 mins ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
The Riverside Company seeks to acquire Wollongong-based IT business
The mooted sale comes after Virtual IT fielded interest from a bunch of private capital players in 2023.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Zip Co’s turnaround story lands the BNPL on takeover watchlists
No doubt CBA’s internal M&A team adheres by its mandate of looking at all options to maximise shareholder value.
- Sarah Thompson, Kanika Sood and Emma Rapaport
CBA dumps bonus limits to fight Macquarie on mortgages
The bank will dump bonus caps agreed in the shadow of the Hayne royal commission as it tries to stem market share losses to rival Macquarie.
- James Eyers
ASIC secretly probed IAG’s Greensill disclosure
As IAG raised $750m, a hedge fund’s tip-off claimed there was scant detail about exposure to fast financier Greensill Group. Since then, $7b in gross claims have been declared.
- Liam Walsh and Jenny Wiggins
Yesterday
Experience Co to unveil E&P Corporate-led strategic review
Experience Co’s largest shareholders – Anthony Boucaut and fund manager Richmond Hill Capital – are supportive of the strategic review, sources told Street Talk.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Tanarra sharpens criticism of Lendlease’s Lombardo, Ullmer
John Wylie’s firm has been calling for major changes at the property group. In a letter to investors, it makes clear its views of the company’s chief executive.
- Kylar Loussikian
Henri Aram: the 101-year-old market gadfly
A reforming pioneer in the investment advice industry, Henri Aram was also outspoken about the operation of finance markets and the behaviour of big corporates.
- Andrew Clark
Banks stare down spectre of bad debts, eye $4.5b return
Analysts say banks may declare higher dividends and share buybacks over the next fortnight’s earnings season as margin pressures ease.
- Lucas Baird and James Eyers
KKR seeks to resolve 11th-hour hurdles ahead of Perpetual break-up
The Perpetual board was eager to update the market at its third quarter update on Wednesday but was body blocked by its advisory team.
- Sarah Thompson, Kanika Sood and Emma Rapaport
NSW wants fintechs to be part of the country’s largest bank contract
Westpac, ANZ and Citi are incumbents, but NSW Treasury wants innovative pitches to help solve issues, such as helping get payments to victims of domestic violence who may not have access to banks.
- Max Mason
This Month
Future Fund vindicated by reality of ‘sticky’ inflation
A sharemarket rally, spurred by hopes of rate cuts, has lifted the Future Fund’s portfolio, but it says investors have not adjusted to a higher-for-longer scenario.
- Jonathan Shapiro
- Opinion
- Bonds
Why US housing remains the big obstacle to rate cuts in 2024
Investors’ hopes of rate cuts are waning, as problems in the US housing market look set to keep house price and rental inflation bubbling along.
- Updated
- Karen Maley
- Investigation
- Shares
Broking bad: ASIC ‘threat’ fears about Morgans revealed
The corporate cop dealt with problems brewing at leading stockbroker Morgans for three years before a public crackdown. New documents detail the scale of its concern.
- Liam Walsh
- Exclusive
- Big four consultants
Former PwC chief executive Kristin Stubbins starts new firm
The advisory giant’s former boss, and its most senior audit partner, is expected to launch the new business next month.
- Aaron Weinman
Mark Casey-backed debt recovery fintech plots path to the Nasdaq
Having launched in all 50 US states and in Canada, Remitter has signed on a range of enterprise clients including Bank of America, Citizens Bank and Hyundai.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Platinum’s $2.2b Asia fund downgraded by Morningstar post team changes
Influential research house Morningstar has downgraded Platinum’s Asia fund after CIO Andrew Clifford stepped away from the $2.2 billion strategy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Macquarie, ANZ and Canva CEOs help power Australia’s India push
Governments hope to prevent another false dawn in bilateral trade and investment by getting business to work on policy.
- James Eyers
Out of Love: BofA co-head of M&A leaves bank
James Love will cap off 14 years with the bank after joining from Greenhill Caliburn in 2010.
- Sarah Thompson, Kanika Sood and Emma Rapaport