The big four banks are major shareholders of the new payments platform, but are under pressure to work closely with ...

'NBN for banking' sparks row

Banks are under pressure from the Productivity Commission to provide access to the new payments platform, which has just gone live.

'We have lost touch with the community'

The ANZ boss stepped a charm offensive on first day of the royal commission. "Part of the reason we are having a royal commission is that we have lost touch with the community," he told Facebook.

Australia has too many shops

Australia has too many shops, but how to cull them without too much financial pain is a major headache for company boards and reluctant landlords.

 Commissioner Ken Hayne has set the tone for a fast but punishing inquiry as he revealed its first targets would be the ...

Hayne slaps down banks

Commissioner Ken Hayne has set the tone for a fast but punishing inquiry as he revealed its first targets would be the bank's biggest profit centres and lashed out at the quality of their submissions.

Dodgy car loans targeted by royal commission

Dodgy car financiers will come under scrutiny, after the banking royal commission singled out car finance as one of the key problem areas alongside home loans and credit cards.

ANZ chief executive Shayne Elliott has already described his bank’s submission as confronting.

We have lost touch with the community: ANZ

The ANZ boss stepped a charm offensive on first day of the royal commission. "Part of the reason we are having a royal commission is that we have lost touch with the community," he told Facebook.

"We don’t know exactly how far we are from the top in the stock market and then the economy, though it is clear that we ...

Dalio tips rising US recession risks

Billionaire hedge fund manager Ray Dalio, who last month said it felt stupid to own cash, says the US is further along in the business cycle than he'd thought.

Algos put on notice by UK regulator

Some firms using computers to trade at ultra-fast speeds are not applying safeguards required to avert market meltdowns, Britain's Financial Conduct Authority said.

It's not the 'end of the bull market'

The bull market is not dead, but it may have come out of the harrowing experience of the past 10 days a changed beast, JPMorgan global strategist Patrick Schowitz says.

Opinion

The government contends that when Ms Campion was transferred to Senator Canavan's office, she was not Mr Joyce's partner.

Joyce's mistress not his 'partner'

The government rejected that Barnaby Joyce's mistress was his partner as it tried to firewall itself from the disaster-prone Deputy Prime Minister.

Personal Finance

Wealth manager IOOF has taken a stake in Grow Super.

IOOF takes stake in Grow Super

IOOF has taken a stake in Grow Super and plans to use the start-up's proprietary technology to appeal to its younger super fund members.

BlackRock's new buy-and-hold challenge

BlackRock has moved to replicate the approach of Berkshire Hathaway by establishing a $12.8b long-dated fund. Finding good homes for all that money will be the hard part.