David Murray must shake up AMP
Eminent former banker David Murray is the right person to lead the turnaround of embattled wealth manager AMP, but it is a mammoth task that could take several years.
Why NAB failed to make MLC work
After almost 20 years trying to marry banking and large scale financial advice National Australia Bank is throwing in the towel with the sale of the MLC wealth management business.
Investors are asking the wrong question
Investors who can't see beyond the next two financial results should take heed of a disruption pioneer.
Good governance needs diversity
The widely divergent responses to the governance failures at AMP, which was chaired by a woman, and CBA, which was chaired by a man, say a lot about how hard it is to advance gender diversity in Australian business.
Wesfarmers in no hurry to make a deal
Rob Scott wants to make it clear that Wesfarmers is in no rush to make a deal. Fair enough, given its last dud purchase.
CBA facing $500m risk fix
Shareholders in the CBA can expect to pay at least $500 million to cover the cost of fixing the gaping holes in its operational risk management exposed by the prudential regulator's report into CBA's governance, culture and accountability.
Commission underlines customer is king for Medibank
Medibank boss Craig Drummond says the royal commission shows customer expectations are shifting - and executives and investors cannot ignore it.
Matt Comyn gets mandate to fix arrogant CBA
CBA chief executive Matt Comyn has just been given the ammunition to accelerate whatever cultural and structural changes he was planning.
ANZ's Elliott has a $3.5b conundrum
ANZ Banking Group's chief executive Shayne Elliott has a $3.5 billion problem that is likely to be solved by returning most of the money to shareholders.
AMP throws Salter under bus
Brian Salter's parting shot at AMP hit a bullseye when he said the once iconic financial services company needed new "suitably qualified directors" and "changes to the executive team".
Brenner's exit won't stop AMP's bleeding
The chairman's resignation and a laughable cut to directors' pay won't cauterise the bleeding at AMP, which will face a fight to keep and win customers.
Five big reporting season questions for the banks
It's hard to remember a bank results season where the actual results mattered so little.
Great White Shark likes sports tech
When Greg Norman's Great White Shark Opportunity Fund this week took part in a $US21 million funding round for sports video start-up Playsight Interactive it confirmed the surging global interest in sports analytics.
Healthscope's $4.1b Groundhog Day
Ben Gray's exquisitely timed $4.1 billion takeover of hospitals group Healthscope is the perfect catalyst to explore the radical shift occurring in Australia's capital markets led by industry superannuation funds.
Wesfarmers' engines deliver strong growth
With all the drama surrounding Wesfarmers in recent times, the power of its Bunnings Australia and Kmart businesses is still impressive.
Banks keep handbrake on home lending
APRA may have taken its investor lending cap away, but UBS' big downgrade of Westpac shows the pressure on banks to lift lending standards remains.
Suncorp to prove sceptics wrong
Suncorp chairman Ziggy Switkowski and chairman-elect Christine McLoughlin should not have been surprised about the adverse comments they received in recent meetings with fundies.
Bank staff feel public's wrath
Our biggest financial institutions are already feeling the impacts of the banking royal commission – and in some cases, it's not pretty.
Finally NAB shows bosses take pain for bad forms
The royal commission tried to paint NAB's false witness furore as the thin edge of the wedge. But the bank's wealth boss scored points for his handling of the matter.
Baptisms of fire for new CEOs
The sudden departures of the CEOs of Blue Sky Alternative Investments and iSelect ought to be the catalyst for investors to review the business models of the companies in their share portfolios.
Myer's new King needs updated playbook
The new CEO pulled off a brilliant department store deal four years ago. But much has changed since then.
Key questions in ANZ's tolerance for risky advice
ANZ knew its advisers were giving risky advice, but its acceptance of this goes to the heart of the financial advice sector's problems.
AMP needs board accountability
Friday's sudden departure of AMP chief executive Craig Meller provides a less than fitting end to the scandalous revelations this week at the Hayne royal commission.
Hayne inquiry at a turning point
This week is proving to be a critical turning point for the financial services industry, which is described in the terms of reference for the Hayne royal commission as systemically strong with the world's best prudential regulation and oversight.
Fresh nails in banks' wealth coffins
After revelations of how dead people were charged adviser fees, surely the banks must be looking to kill their wealth management plans.
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