A cabal of international banks including ANZ Bank and Macquarie have applied to dismiss a class action against the companies in the US for the alleged rigging of the Singapore intra-bank interest rates on the grounds they are incorporated abroad.
Wall Street's biggest stock-trading firm by revenue is cutting its global bonus pool for the equities unit by as much as 4pc.
Hedge fund investor Leon Cooperman said assets at Omega Advisors had shrunk by more than two-thirds in the last two years.
Hunter Hall International has denied it knew founder Peter Hall intended to sell his holding in the company before Christmas, although it was aware he wanted to quit as chief investment officer.
Earthquakes in Japan and devastating floods in China were the most expensive catastrophes of 2016.
More than one-third of the cranes hovering over apartment building sites in Australian cities are in neighbourhoods banks have "blacklisted" as lending problem spots.
The rate banks charge each other to borrow dollars for three months rose above 1pct for the first time since May 2009.
As investors in fund manager Hunter Hall International suffered hefty losses, the company which snapped up the bulk of Peter Hall's shareholding was sitting pretty.
ANZ Bank is selling its 20 per cent stake in Shanghai Rural Commercial Bank for $1.8 billion.
The Commonwealth Bank of Australia has won a victory in court overturning an earlier decision that it had acted unfairly towards its customers over a property development collapse during the GFC.
Facing the loss of Peter Hall as the chief investment officer of the group, shareholders in Hunter Hall International have rushed for the exits, driving shares down by a quarter in heavy trading on Tuesday.
Banks are investing their capital domestically instead of in Asia to earn bigger profits. But that may just result in more local competition.
ANZ Bank is selling its 20 per cent stake in Shanghai Rural Commercial Bank for $1.8 billion.
Mental health groups have accused the life insurance industry of ignoring calls to address discrimination, saying its treatment of people with mental health conditions is unethical and potentially unlawful.
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.
Hard on the heels of founder Peter Hall's sudden decision to quit as chief investment officer, investment firm Hunter Hall is fielding takeover offers from other fund management companies.
Concerns about Australia's 'Millionaires Factory' have reached Scotland amid fears it will "asset strip" Britain's Green Investment Bank.
Embattled listed law firm Slater & Gordon has confirmed it is considering a recapitalisation of the company to reduce debt.
Sometime in 2017, a new system will be switched on that could transform how you pay for everything from second-hand goods on Gumtree.com to motorway tolls.
Have you been paying attention to what has been happening in the world of business and economics this year? Our summer quiz will test if you were.
Deutsche Bank said it has reached an agreement to resolve a year's-long US investigation into its dealings in mortgage-backed securities, removing a major legal hurdle for the bank.
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.
Monte dei Paschi di Siena said its plan to raise on the market €5 billion in capital by the end of the year had failed.
National Australia Bank has been flooded with customer complaints after its internet and phone banking crashed two days before Christmas.
Despite the occasional talk, politicians aren't prepared to do what's necessary to fix the problem of employers not paying superannuation.
In the headlong rush to revolutionise modern finance, blockchain enthusiasts are overlooking one potentially costly problem.
Why Australian investment bank Macquarie has British MPs alarmed.
Traders were using confidential information about clients' impending orders for their personal trading strategies, the banks have admitted to ASIC.
France's top lenders are suing the ECB, the most high-profile challenge to supervision from Frankfurt to date.
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.
The ASX's powerful rally continues with shares officially in bull market territory, although a sharp fall in the iron ore price pressures miners.
How much is it worth to save an Australian life? The Department of Prime Minister and Cabinet says not more than $4.2 million, on average.
The Department of Prime Minister and Cabinet has costed what the average Australian life is worth. Michael Pascoe comments.
Martin Shkreli photoshopped his face onto a picture of Lauren Duca and her husband, as well as repeatedly tweeted about his love for her.
Construction activity finished the year weak as home building wound down in December.
Want to go it alone on your holidays? Try one of these exclusive-use luxury island getaways.
How reaching the top of the corporate ladder became a real downer.
The island has long been a hotbed for entrepreneurial Aussies. But anyone thinking of taking the plunge needs to be ready to learn.
Mining is dominated by big business, but they're not the only ones hurting.
A free independent guide from SMH with expert information.
A free independent guide from SMH with expert information.
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