Financial Services
Price war end boosts premiums
Michael RoddanPremiums across the Australian insurance industry have risen at their strongest rate in three years.
The banker who went cashless
RICHARD GLUYASANZ executive Fred Ohlsson hasn’t looked back since erasing physical currency from his life.
Five ways to tap the US market
Elizabeth RedmanFor investors looking to play the US investment market, there are more options than meet the eye.
Former AMP planner banned
Daniel PalmerJames McCarthy was found guilty of forging document dates and signatures.
‘Princeling’ corruption exposed
Aruna ViswanathaA $US264m settlement details how JP Morgan hired relatives of government officials in Asia to try to win business.
IAG eyes $200m disaster bill
Daniel PalmerIAG has warned that a recent storm and the NZ earthquake could result in $200m of net costs for the group.
Yellen fights Trump on GFC law
Donna BorakThe US Fed chief has defended rules aimed at averting another financial crisis, which Donald Trump wants to undo.
Mortgage arrears up in regions
Scott Murdoch, Maggie Lu YueyangHome owners in regional areas are falling behind in their mortgage repayments at a faster rate than city counterparts.
HSBC grows into private banking
Michael BennetHSBC is the latest bank to try to win a share of Australia’s lucrative pool of rich people.
Citi inks Coles credit card deal
Michael RoddanCiti has strengthened its foothold in the Australian credit-card market after inking a 10-year deal with Coles.
Push for banks to pay lower divs
Michael BennetBanks should reinvest more in their businesses and pay less to shareholders, the global central bank has urged.
Call for opt-in life insurance
Michael RoddanActuarial firm Rice Warner says young superannuants should be exempted from balance-eroding life insurance cover.
Big four left out in global shift
Andrew WhiteInternational investors are shunning Australian banks for their overseas peers, in a search for exposure to rising rates.
Coles-Citi ink credit card deal
Daniel PalmerWesfarmers will cede control of Coles’ credit card arm to Citi as part of a 10-year deal.
Senator pushes banking inquiry
ROSIE LEWISRodney Culleton has written to Malcolm Turnbull to declare it ‘imperative’ he establish a banking inquiry.
Health funds’ gentle rise
Sarah-Jane TaskerMacquarie analysts tip that Medibank will increase its average premiums for 2017 by 4.25 per cent.
Storms add to insurance losses
Michael RoddanLosses from wild storms across the Sunraysia producers’ belt surrounding Mildura last Friday are escalating quickly.
Waiting could backfire on banks
RICHARD GLUYASThe three major banks in ASIC’s crosshairs have started to contemplate life without Greg Medcraft.
ASIC rig claims ‘embarrassing’
Michael BennetNAB has labelled as ‘embarrassing’ ASIC’s allegations about rigging one of the nation’s key interest rates.
GPT in line for ANZ tower
BEN WILMOT, MAGGIE LU YUEYANGANZ is set to part with Melbourne’s landmark gothic tower with the listed GPT Group favoured to pick up the skyscraper.
