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Business correspondent
Melbourne
Richard Gluyas has more than 25 years of experience reporting on the nation's top corporates and business identities. He is a former Melbourne business editor and is now Business Correspondent for The Australian.

Four PillarsSecco banks on social network

Secco banks on social network

Chris Gledhill believes data can be just as valuable as money in a digital economy.

A sale to make bankers blush

A sale to make bankers blush

ANZ’s complicated DBS transaction is just the kind of deal that eluded Mike Smith in Asia.

UpdatedANZ to sell Asia wealth assets

ANZ to sell Asia wealth assets

ANZ will unwind part of its $US550m purchase of RBS assets by selling retail and wealth operations to Singapore’s DBS Bank.

EXCLUSIVEPillars psyche stopped mega-deal

Pillars psyche stopped mega-deal

Mike Smith says the psyche that considers the four pillars policy sacrosanct was a barrier to ANZ’s merger with NAB.

EXCLUSIVEBank teller of interest’s account

Bank teller of interest’s account

Former ANZ chief executive Mike Smith says Australian politicians “have trashed” the banking industry.

Four PillarsNAB result promises a new dawn

NAB result promises a new dawn

NAB chief Andrew Thorburn has produced a set of pleasing figures that reflect the bank’s changed fundamentals.

FOUR PILLARSASIC’s word to the wise for banks

ASIC’s word to the wise for banks

A baton-wielding tough cop on the beat will today deliver a fearful belting to the major banks.

FOUR PILLARSCrunch time for the crusade

Crunch time for the crusade

If Senator Rod Culleton goes bankrupt, what will happen to his Constitution-brandishing, bank-attacking mission?

four pillarsSeasonal capitalisation debate

Seasonal capitalisation debate

Three things in life are certain: death, taxes and vehement disagreement between the market and bank management.

Murray eyes infrastructure

Murray eyes infrastructure

David Murray has blamed the super industry’s narrow performance standards for a lack of investment in infrastructure.

FOUR PILLARSThe fractured future of banking

The fractured future of banking

Banking is set to splinter as technological change and trust issues continue to chip away at the existing structures.

EXCLUSIVEFintechs want open access for all

Fintechs want open access for all

The nation’s fintech companies have called for open access to economically important infrastructure.

Fears over Crown local licence

Fears over Crown local licence

There are fears convictions for Crown Resorts employees in China could affect its Australian gaming licences.

Banks to face quiz on complaints

Banks to face quiz on complaints

The small-business ombudsman is to seek information from banks on allegations of poor treatment of customers.

Banks set for misconduct hearing

Banks set for misconduct hearing

The small business ombudsman is progressing information requests, hearings and a roundtable on customer complaints.

Four PillarsCBA’s play in emerging markets

CBA’s play in emerging markets

Commonwealth Bank’s disruptive play in emerging markets is starting to take shape.

FOUR PILLARSBanks bet on Basel IV-lite

Banks bet on Basel IV-lite

Local banks are eyeing an end to capital raisings, as Basel IV appears set to limit higher capital requirements.

APRA takes aim at risky bankers

APRA takes aim at risky bankers

The prudential regulator has started risk-culture pilot reviews to minimise threats to financial stability.

No common risk culture: APRA

No common risk culture: APRA

APRA has warned it can’t regulate risk culture into existence, as it outlines pilot reviews on the issue.

Four PillarsSims ‘delighted’ on ASIC role

Sims ‘delighted’ on ASIC role

ACCC boss Rod Sims is “delighted” at the prospect of legislation to broaden ASIC’s mandate to include competition.

Banks contradict Apple claims

Banks contradict Apple claims

The nation’s banks have accused Apple of making “completely baseless” assertions about security.

Revolution must be commercialised

Revolution must be commercialised

Blockchain hype has peaked, but the technology’s commercial reality is still some way from matching up.

Tracker mortgages risky: NAB

Tracker mortgages risky: NAB

Banks and APRA have warned the introduction of tracker mortgages would intensify financial system risks.

CBA criticised over life claims

CBA criticised over life claims

A major ASIC investigation into claims handling by Comm­Insure led the watchdog into the CBA boardroom this week.

Industry is ‘an oligopoly’

Industry is ‘an oligopoly’

ASIC chairman Greg Medcraft says the local banking industry is “an oligopoly” lacking in competitive intensity.

EXCLUSIVEAPRA to brief bank inquiry

APRA to brief bank inquiry

APRA will brief a banking inquiry on some key aspects of its review of the risk culture of the Australian banks.

Four PillarsIndustry falls short on fairness

Industry falls short on fairness

ASIC’s review is not a pretty picture, but the life insurance industry should be given the chance to clean up its act.

Livingstone named CBA chair

Livingstone named CBA chair

CBA has named Catherine Livingstone as its next chairman after David Turner announced his surprise retirement.

FOUR PILLARSFrom tin ear, to ear to ground

From tin ear, to ear to ground

Catherine Livingstone’s rise at CBA is timely, because a dedicated, hands-on chair is long overdue.

Insurance ‘ripe for disruption’

Insurance ‘ripe for disruption’

Competitive market conditions are expected to continue in the general insurance industry.

four pillarsTough cop spills beans on insurers

Tough cop spills beans on insurers

ASIC is about to release the final report from its review of the claims-handling practices of 14 life insurers.

Four PillarsCulleton: Controversial? Always

Culleton: Controversial? Always

Congratulations to One Nation senator Rod Culleton, inaugural recipient of an award for anti-bank gallantry.

exclusiveHow to be a credit to banking

How to be a credit to banking

Louise Hunt is almost rendered speechless when asked about the salaries of the major-bank chief executives.

FOUR PILLARSBankers defend high returns

Bankers defend high returns

Competition, or lack of it, has been one of the key themes in this week’s parliamentary probe into the nation’s banks.

FOUR PILLARSThe problem with bank ‘scandals’

The problem with bank ‘scandals’

It’s often the simple and direct questions that provide the most illuminating answers.

CBA’s Narev emerges unscathed

CBA’s Narev emerges unscathed

Canberra was supposed to set a new accountability benchmark. Instead, the worst Narev endured was some name calling.

Four PillarsBank bosses brace for grilling

Bank bosses brace for grilling

The bank chiefs have no choice but to participate in the pantomime, but evidence of system-wide fraud doesn’t exist.

Bank chiefs get set for grilling

Bank chiefs get set for grilling

The Labor Party and the Greens are amplifying their calls for a royal commission with a parade of bank ‘victims’.

FOUR PILLARSNew front in the Apple Pay war

New front in the Apple Pay war

Fintech Australia argues that the stoush between Apple and the banks reveals the need for open access in all areas.

Disney boss animated for Dogs

Disney boss animated for Dogs

Local Walt Disney chief Kylie Watson-Wheeler remembers pleading to join her father at a ‘Save the Dogs’ rally in 1989.

View list of all authors for The Australian →

Opinion

We’ll all win if PM cows unions

The power grab for volunteer firefighters goes to the heart of the federal election.

Paul Kelly

Disruption looms in anti-elitism

Feeling ripped off by corruption and afraid of terrorism and migrants, voters are going to extremes.

Greg Craven

Politics is turning into tennis

There are only two dogs in this fight — our first unashamedly imperial poll.

Don’t be fooled, focus on future

We need policies that prevent a downward spiral as the world’s economy evolves.

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