Business

CBA has offloaded its stake in Visa; the other major banks did the same in 2012.

CBA sells stake in Visa for $439m

The "rapidly changing technology environment" has led CBA to accelerate the write down of the value of software assets which has been offset by the sale of its stake in Visa.

DB settles US dark pool cases

This marks the third joint case against a major bank's dark pool trading platform filed this year by the top US ...

Deutsche Bank will pay more than $US40 million to settle charges that the bank misled clients about how it routed orders.

$1m in super is enough, say SMSFs

On average, people with self-managed super funds think $1 million will be enough to fund their retirement.

People managing their own superannuation fund typically believe $1 million will be enough to pay for their retirement, a survey has found.

ANZ, Macquarie's cartel attempt 'very serious'

ANZ has been ordered to pay $9m for attempted cartel conduct.

The Federal Court has ordered fines of $9 million for ANZ Bank and $6 million for Macquarie Group, over "very serious" attempts by traders to rig a key benchmark rate in Malaysia's foreign exchange markets.

Foxes in charge of the hen house

The national financial planning register is worse than useless.

It was supposed to be the Coalition government’s panacea for the crisis in confidence plaguing the financial planning industry, but almost two years after it was launched, it’s a dud.

Markets Live: AAA in crosshairs

The government's mid-year budget update and a possible ratings downgrade are on investors' minds.

ASX shrugs off last week's weakness to record a strong start, amid worries that the latest budget deficit blow-out could prompt a ratings downgrade.

Fortescue, Vale JV plans could fall over

The businesses which were meant to boom on the back of China's newly emerging middle class are having a rough trot.

Iron ore miner Fortescue Metals says its proposed joint venture with larger Brazilian rival Vale, for blending their iron ore at key Chinese ports, could fall over.

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