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.
Banks 'in more trouble now' than the GFC
Former federal treasurer Peter Costello said banks were in "more trouble now than they were in the financial crisis" and they have killed the chance of a full company tax cut.
Esprit to shut all 67 Australian and NZ stores
Fashion retailer Esprit, a go-to store for Australian teenagers in the '80s and '90s, has finally lost its spirit.
Giuliani says Trump repaid money paid to Daniels
Stormy Daniels' lawyer is calling for "serious consequences" for Donald Trump, after his new lawyer says the president reimbursed Michael Cohen for a $US130,000 payment to the porn actress.
Markets Live: ASX breaks 6,100, miners lead
The ASX has hit a high of 6,101 in trade today as BHP, Rio Tinto and South 32 lead the market.
PwC paid only $90m for PPB: sources
The senior leaders at PPB Advisory must have been really keen to sell.
'Banks are being shorted by overseas investors'
Offshore investors are taking a negative view of the banking sector following revelations at the royal commission, Credit Suisse says.
NAB to divest MLC, cash profit falls 16pc
NAB says it sees an 'opportunity for MLC to set an independent strategy and investment priorities' as its interim cash profit falls to $2.76 billion.
Mortgage brokers not viable without commissions
A wholesale change to the commission structure for mortgage brokers risked handing power back to the big banks, according to the chief executive of AFG, one the nation's largest mortgage brokers.
Westfield sales bounce ahead of vote
Westfield's sales have climbed as the shopping centre giant's shareholders prepare to vote on a takeover by Unibail-Rodamco.
Santos sells out of Asia with $295m deal
Takeover target Santos has struck a $US221 million deal to sell its non-core Asian oil and gas assets to UK-based Ophir Energy.
Pilbara red has Gina Rinehart in the pink
The launch of two more giant pink trucks is just part of the reason for Australia's richest woman to celebrate in the Pilbara.
Fed ready for inflation overshoot
The US Federal Reserve signalled it would tolerate inflation slightly over shooting its 2pc target without raising interest rates too aggressively.
Shares in Buffett-backed Chinese car company lose $12b
The rout in BYD shares is nearing $US9 billion ($12 billion) as investors desert what was the world's top stock only months ago.
Short the US dollar, Nomura says
Temperatures are rising along the US East Coast, but demand for the greenback is about to cool, according to a list of 12 trade ideas from Nomura.
US lifts debt sales as deficit widens
The US Treasury Department will boost the amount of long-term debt it sells to $US73 billion this quarter.
Opinion
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.
Aurizon owners slam unworldly regulator
One shareholder told the QCA its decision was "ultimately inconsistent with the commercial realities" faced by Aurizon.
Brokers unruffled by royal commission
Despite all the wailing and gnashing of teeth surrounding the banking commission, analysts are more, rather than less, keen on bank stocks.
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 it's last dud purchase.
Bank directors who live overseas targeted
Peter Costello has targeted the practice of appointing overseas directors to bank boards, which has been seen as a way of improving a board's diversity.
Labor plan: spend and tax to bigger surpluses
Federal Labor will at least match the income tax cuts in next week's federal budget, increase spending on health and education, and still deliver higher surpluses.
Company tax cuts work, finds AlphaBeta study
Close to half the Australian businesses that received a company tax cut in 2015 either boosted investment spending or hiring.
No excuses: BCA says company tax cut first priority
A multi-million dollar campaign by the BCA to enlist support for company tax cuts was doomed to fail, the Australia Institute of Company Directors says.
Police to speak to man over murder of Sydney executive
Police want to speak with a man who left Australia at the weekend when the body of murdered Brazilian executive Cecilia Haddad was found in a Sydney river.
House members seek Nobel Peace Prize for Trump
A group of House Republicans is seeking the Nobel Peace Prize for President Donald Trump because of his work to ease nuclear tensions with North Korea.
Trump hires lawyer who represented Bill Clinton
The US President has hired a veteran attorney who represented Bill Clinton during his impeachment process as the White House shifted to a more aggressive approach to the Russia investigation that has reached a critical stage.
The City of London's approach to oligarchs is craven
The Deripaska affair leaves the UK's financial capital looking neither powerful nor principled.
Cambridge Analytica files for bankruptcy
Cambridge Analytica, smarting from the scandal of its Facebook data-handling, and its British parent, SCL Elections, are shutting down immediately.
BDO calls for greater restrictions on non-audit work
The head of audit at the UK's sixth-largest accounting firm has called for tighter restrictions on the range of services auditors can offer their clients amid growing concerns about conflicts of interest in the audit market.
Personal Finance
Attractive yields boost the appeal of bonds
Yield-starved wealthy investors are dipping into the nation's $1 trillion corporate bond markets with average returns 40 per cent higher than stocks.
Why super salary-sacrifice still works
A reader who works part-time wants to know the best way to keep growing his nest egg, writes John Wasiliev, who answers your questions on superannuation.
Reckitt Benckiser worth the wait
Shares of in consumer goods giant Reckitt Benckiser have fallen out of favour but even modest improvements should see the stock re-rated.
Allens expects partners to retire at 65
Top-tier law firm Allens expects its partners to retire at 65, which experts have suggested would be unlawful age discrimination, while KWM pays a bonus to partners retiring early.
How a coach helped this exec step up
Stepping up to an executive role had unexpected challenges for Renate Vogt but a coach helped her navigate them.
Legendary investment banker leaves 24 rules for success
Richard Jenrette, who co-founded the investment bank Donaldson, Lufkin & Jenrette in 1959, died last week from complications of cancer. He left behind on his desk these 24 rules to succeed.
Langer takes reins of Australia after scandal
Justin Langer has been named as Australia's head coach on a four-year contract, replacing Darren Lehmann following the ball-tampering scandal in South Africa that rocked world cricket.
Lifestyle
Facebook dating is a creepy perfect match
Facebook is horribly suited to the stalkerish behaviour that proliferates on its new rival Tinder. If it can get Donald Trump elected to president, there is nobody it can't get a date.
