Business

Call to ban 'hidden exemptions' in life insurance

Unfair contract rules do not apply in insurance. The financial ombudsman says this is worth reviewing given the ...

Life insurers would be banned from relying on broad exclusions to knock back otherwise legitimate claims under proposals from consumer groups, which also received tentative support from the Financial Ombudsman Service.

Italy approves $29b bank bail-out

The troubled Banca Monte dei Paschi di Siena

The Italian government has agreed to bail out Monte dei Paschi di Siena after the world's oldest bank failed to to get a capital increase.

Macquarie nears deal for GIB

The sale of the Edinburgh-based bank is on track to be completed before the end of March, in line with the deadline the ...

The British government is set to agree to a deal to sell UK Green Investment Bank to Macquarie Group in early January, a source said.

Ex-CBA technology exec jailed for bribery

Keith Hunter, former head of IT delivery services at CBA, was jailed on Tuesday for bribery.

The former CBA executive general manager of IT delivery systems has been jailed for three-and-a-half years after CBA found suspicious payments being made to his bank account.

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.

Thousands stuck on 'zombie' work deals

Russell Zimmerman says Sunday penalty rates are "far too high".

Thousands of retail and hospitality employees are being paid reduced wages under so-called "zombie" agreements that were struck during the WorkChoices era, an analysis suggests.

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