The Turnbull government is open to extending the life of the banking royal commission.

We will not protect anyone: Cormann

The government is open to extending the banking royal commission after it uncovered damaging revelations about misconduct in the financial sector.

'Looks like I'll be working til I'm 80'

A nurse and a truck driver lost their house after following an "unrealistic" Westpac strategy to set up a self-managed super fund. The bank reaped over $27,000 in commissions and $11,000 in fees. Follow live here.

Michael Chaney has used his last AGM as Woodside chairman to blast "populist" politicians trying to stymie government ...

Woodside's Chaney takes aim on tax

Michael Chaney has used his last AGM as Woodside chairman to blast "populist" politicians trying to stymie government proposals to cut corporate tax.

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

Facebook's bare-faced data strategy

The EU has disagreed with facial recognition in the past and may do so again. It is well placed to take a tough stance on privacy; Eurocrats fathom Facebook's motives better than some US senators.

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.

A partner at Ernst & Young in the United States has made a sexual harassment allegation.

Ernst & Young US faces sexual harassment complaint

Ernst & Young US is facing a sexual harassment complaint from one of its partners, claiming the world's third largest accounting firm failed to respond adequately to misconduct allegedly witnessed by other senior people at the firm.

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.

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.