Business
Banking & finance
CBA denies most of Austrac's latest claims, rejects shareholder action
CBA has denied 89 of the 100 additional allegations made against it late last year in Austrac's case alleging mass breaches of anti-money laundering laws.
- by Clancy Yeates
Latest
Home loans
ANZ tightens rules on interest-only home loans
ANZ Bank will beef up its scrutiny of customers looking to switch into an interest-only home loan, as lenders take a cautious approach to riskier mortgages.
- by Clancy Yeates
Shares
Platinum shares sold off as founder Kerr Neilson steps down
Platinum Asset Management lost about $540 million in market value after its billionaire founder said he will step down as CEO.
- by John Collett
Home loans
Competition heats up among lenders for first home buyers, investors
Banks are likely to compete more fiercely to lend to first home buyers and property investors as they seek out growth, Mortgage Choice says.
- by Clancy Yeates
regulation
Macquarie Group broker admitted trading 'illegally', Senate probe told
A businessman who lost millions of dollars investing with Macquarie Group has told a Senate committee that his broker admitted to “illegally” trading.
- by Cameron Houston & Chris Vedelago
Shares
'Stay relevant': Perpetual's 'high-octane' strategy to survive
Perpetual chief executive and managing director Geoff Lloyd says there's a place both for active stockpickers and index-tracking funds.
- by John Collett
Commercial real estate
Westfield suitor Unibail forced to admit it may increase its bid
Investors are now in two camps -- those that want a higher cash component from Unibail and those who believe such an increase won't be forthcoming.
- by Sarah Danckert
Big four
Bank CEOs to get one grilling this year
The federal parliamentary banking inquiry appears to set to hold one round of hearings this year, rather than two, as the royal commission takes centre stage.
- by Clancy Yeates
Analysis
Shares
Dumping of top stock-picker Sevior sounds alarm for money managers
Australian Super's dumping of the fund run by John Sevior, underscores the challenges confronting professional money managers on many fronts.
- by Clancy Yeates
Home loans
RBA keeping close eye on 'pockets' of mortgage stress
The Reserve Bank says there are "pockets" of financial stress among the highly-indebted household sector.
- by Clancy Yeates & Eryk Bagshaw
Retail
Myer boss Garry Hounsell 'discredited', says Lew
The bitter fight for control of the department store giant has taken an ugly turn.
- by Patrick Hatch