$1m in super is enough, say SMSFs

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'

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.

Australia must move forward to prevent gridlock

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Imagine the task of building a city the size of Canberra every year, for the rest of this century. Or, how about creating a new city the population of Melbourne every decade?

Speedy rate hikes protect bank margins

As interest rates start to rise, the changes are taking effect much faster compared with when rates were falling.

Howards Storage World goes into voluntary administration

Howards Storage World has been tipped into administration weeks before Christmas, with a restructuring team from Deloitte appointed to the specialist retailer on Friday.

ANZ hikes interest rates for property investors

ANZ Bank has followed rivals in pushing up variable interest rates for property investors, blaming higher funding costs and its obligations to regulators.

Henry blasts 'truly bad' politicians and our 'fiscal mess'

Former Treasury Secretary Ken Henry has taken a swipe at both major parties' approach to restoring the budget's health, backing greater bipartisanship in a wide-ranging critique of political leadership around the world.

Smart phone payments yet to take off with customers: CBA

There is a long way to go before smart phones rival credit or debit cards as a means of making tap-and-go payments, new figures show.

Retail investors shift $45 million from banks into P2P loans

Thousands of retail investors are pumping cash into peer-to-peer lending, with RateSetter reporting about $45 million has been taken out of bank accounts and lent directly to borrowers.