CBA charging fees to dead clients

CBA advisers were charging "ongoing service fees" to dead clients and has been accused of "drip feeding" information to ASIC. Follow us live here.

BHP trims iron ore guidance

​BHP has reduced full-year guidance for its flagship iron ore division after unexpected maintenance on the giant machines that can empty an entire rail car full of rocks.

OPEC's new price hawk Saudi Arabia would be happy for crude to rise to $US80 or even $US100, three industry sources said.

Oil gains on hawkish Saudis

Oil futures jumped nearly 3 per cent on a decline in US crude inventories and after sources signalled Saudi Arabia wants to see the crude price closer to $US100 a barrel.

"Governor Poloz's mild cautious bias remains in place as economic activity no longer screams for rate hikes," TD ...

Bank of Canada hits pause

Interest rates in Canada are seen on hold at least until July, if not until next year, as a data-dependent central bank awaits more hawkish data.

Morgan Stanley posts record quarter

Morgan Stanley posted a surprise jump in fixed-income trading, which combined with better-than-expected equities results helped push revenue above $US11 billion for the first time ever.

Opinion

Personal Finance

The logo of AMP Ltd. is displayed atop the company's headquarters in Sydney, Australia, on Thursday, Feb. 20, 2014. AMP, ...

AMP charging illegal advice fees

AMP is charging thousands of unsuspecting platform users for advice fees despite not receiving permission from the underlying customers as required by law.

Errors in the business have been compounded by corporate cover-ups, by lying to regulators, extensively massaging ...

How did AMP get to where it did?

The shocking revelations about AMP aired in the Hayne royal commission are certain to become a case study in how to mismanage a corporate problem.

The franchising problems uncovered at the likes of Retail Food Group, owner of Donut King, do not all need a Senate ...

Fixing franchising needn't wait for Senate

The Senate inquiry into franchising will begin rebuilding the sector's reputation, but franchisors and franchisees can improve things now, writes Hall & Wilcox's Jacqui Barrett.