AFIC blasts government cash 'grabs'
Stalled budget reforms have forced opportunistic grabs for cash at the expense of investor confidence, says the chief executive of AFIC.
Stalled budget reforms have forced opportunistic grabs for cash at the expense of investor confidence, says the chief executive of AFIC.
Westpac has entered into exclusive discussions with property giant Charter Hall Group to sell its infrastructure investment business Hastings Management.
Today, I want to talk about the most ignored and, arguably, most vital piece of your financial security puzzle: risk insurance.
Australia's big banks have slammed the brakes on project finance lending to expand the coal industry since late 2015, but are still lending billions for other fossil fuels developments, environmental finance group Market Forces says.
As premier of NSW, Mike Baird helped pioneer "asset recycling". Now, as a NAB executive, he's looking at how the bank and its clients may benefit.
Commonwealth Bank could free up capital by selling its insurance arm CommInsure, analysts said.
Banks could face a "Kodak moment" where they approach obsolescence in five to 15 years at the hands of new financial-technology companies, according to former Barclays Chief Executive Officer Antony Jenkins.
The relief rally in major bank shares sparked by "benign" capital requirements may have further to run, analysts say, as a long-term source of uncertainty has been removed.
Providing a thumbprint looks set to be a future alternative to tapping in a personal identification number, amid signs that customers are warming to using "biometric" information when making payments.
The banks and their shareholders exhaled a collective sigh of relief when the financial regulator pronounced that they were pretty damn close to being 'unquestionably strong'.
Capital raisings appear to be "off the table" for banks and dividends look safer after APRA's new capital requirements, say investors.
Banks should not use new requirements to strengthen their loss-absorbing buffers as an excuse to hike their customers' loan rates, Treasurer Scott Morrison has warned.
Superannuation funds have rebounded in the 2017 financial year with the average balanced option delivering a 10.4 per cent return, according to SuperRatings research.
Bank of America and Goldman Sachs joined their rivals by disappointing investors.
Medibank's CEO appears to be playing the PR game of blame-someone-else-for-your-challenges.
A major, global cyber attack could trigger an average of $US53 billion ($68 billion) of economic losses, a report says.
Investors do not appear to be forcing the major banks to pay more for wholesale funding as a result of the federal bank tax.
A key source of uncertainty having over banks could be removed as soon as this week, with the prudential regulator tipped to soon provide long-awaited details of its plan to make lenders more resilient to shocks.
There's something strange about our relationships with our banks. We'll change supermarkets, even phone companies, but when it comes to our financial affairs, we're more faithful than Red Dog.
JPMorgan boss Jamie Dimon has vented his frustration with gridlock in Washington.
Bank boards may blunt the impact of a new accountability regime on senior bankers' bonuses by bumping up base pay, the federal Treasury has suggested.
ANZ Bank is moving closer to a deal to sell its Malaysian banking stake to a pension fund and exit the South-East Asian nation, sources familiar with the matter said.
Industry says abolishing commissions would drive most mortgage brokers out of business.
Macquarie Group's proposal to build two towers above new train station at Martin Place has been lambasted.
The rise of newfangled digital payments took another step last week, when the Manly Ferry began accepting tap-and-go credit card payments for fares.
Bank reaches confidential settlement with stockbroker who was dumped after tweet.
The fight over $2.4 billion a year in mortgage broker commissions is heating up, as consumer groups call for all such payments to be scrapped.
A third of Australia's largest listed companies are keeping their investors in the dark about how they are managing the potentially large financial risks of climate change, a survey has found.
Despite a shrinking market for personal credit, lenders in the nascent peer-to-peer sector such as SocietyOne are enjoying strong growth.
Australia's top-performing pension fund over the past three years is betting infrastructure assets will offer among the most reliable returns over coming decade
It's quick, painless and the company will even pick up the $US300 fee.
Martin Shkreli has been as vocal as ever on social media during his fraud trial. But in court he's choosing to stay mum.
Coca-Cola Amatil has had more bad news from the aisles of Woolworths with the revelation that the supermarket giant will ditch much of its Mount Franklin water product.
Carlyle Group is seeking $19 billion for its next US fund, according to people familiar with the matter.
Shares are set for a more positive start despite a mixed night in global markets, as oil and iron ore prices stage a recovery.
The right footwear can help prevent injury and improve performance on dangerous bush tracks.
From sewing a button to unbogging your car, you need to know how to do these tasks.
Uber, Fairfax, Lendlease, Sensis and Jetts have all amended contracts after the watchdog raised concerns.
Fintech lenders have had phenomenal growth in Australia, with very few complaints.
A free independent guide from SMH with expert information.
A free independent guide from SMH with expert information.
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