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APRA establishes CBA inquiry

The banks say they will have to pass the cost of the levy on to customers or shareholders.

The prudential regulator will begin an inquiry into the conduct of the Commonwealth Bank of Australia following AUSTRAC's money-laundering allegations.

Way to go for banks to restore trust

Lachlan Murdoch and Bruce Gordon pulled financial support for the company last month, telling Ten they would not support ...

CBS to purchase Network Ten

27 mins ago

US studio CBS will acquire Network Ten, beating out favourites Lachlan Murdoch and Bruce Gordon.

Telstra CEO Andy Penn says its Asian plans aren't over, but it won't be making more acquisitions in the near future to ...

Telstra aims to be global tech titan

Telstra's CEO Andy Penn says his plans will put the company at the centre of a number of booming global technology trends cloud computing, cyber security, the Internet of Things and media content distribution.

Jim McCaughan is looking to Trump for a boost.

Australian shares are a 'sell on strength'

Karen Maley

Jim McCaughan, CEO of Principal Global Investors which manages $US630 billion, says Australian stocks are in the "sell on strength" category while property markets are "adventurous".

Structural change in the labour market will continue to see growth in the service sector.

Automation hits as bots replace 457 visas

1 hr ago

Outsourcing giant HCL has reduced its use of skilled visas from 70 per cent of its 1350 Australian workforce to below 40 per cent after automating entry level jobs.