Big banks trumped by bigger Apple
Australia's largest banks versus Apple; there's no contest.
Elizabeth Knight comments on companies, markets and the economy.
Australia's largest banks versus Apple; there's no contest.
APRA is caught between a rock and a hard place in its attempts to reduce lending risk in the residential property market.
TPG may now wait until after Fairfax completes the spin-off of digital real estate group, Domain which is scheduled to be completed before the end of the calendar year, before it makes any takeover move.
It appears almost a fait accompli that Fairfax Media is now in play. How the giant private equity group TPG, which has reportedly acquired just under 5 per cent of the company's shares, runs the process or deals with the assets is yet unclear.
Billionaire retailer Solomon Lew has a plan for department store group Myer but it's one that is not likely to involve making a takeover bid anytime soon - he just needs a stake to ensure someone else can't buy the company.
What started last week as a trickle in Australia looks like turning into a mini avalanche.
The executive responsible for managing $34 billion of investments in Westpac's wealth management business, Martyn Wild, left the company abruptly on Friday following a series of allegations about inappropriate behaviour towards two female staff.
Call it the Amber effect. In the months since the former Seven staffer went public, the floodgates have opened.
Westpac has become the latest company subject to sexual misconduct allegations following a number of complaints by two female staff.
It was a gutsy call by NAB to raise mortgage interest rates on owner occupier loans. But make no mistake this move has opened the floodgates.
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