Crisis in the banks: when the rot set in
The big four banks, operating at a complete remove from the hoi polloi with a desire to 'put a bucket under every drop of money', have once again come a cropper.
The big four banks, operating at a complete remove from the hoi polloi with a desire to 'put a bucket under every drop of money', have once again come a cropper.
A lengthy period of underperformance, a daily drubbing in the press, and a yield many times that of cash. Is it time for value investors to get back into the banks?
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.
A furious ASIC accused financial service giant AMP of frustrating and delaying the corporate regulator's investigation into its fee-for-no-service scandal.
Budget tax cuts will generate economic growth, help compensate for flat wages and reduce the "great risk" to the economy posed by a high tax burden, Treasurer Scott Morrison says.
In an effort to avoid criminal consequences, AMP appears to put the blame squarely on the feet of its former group general counsel, Brian Salter.
Franchisees say the $170 billion sector is "sick" and have accused brands such as Domino's and Retail Food Group of unconscionable conduct.
Macquarie Group's CEO Nicholas Moore says the financial services industry must learn from a string of governance and cultural failings and "take instruction," as regulation and technological change threaten to upend the industry.
OZ Mineral's path to acquiring control of Avanco may not be as simple as first thought.
Beleaguered financial services giant AMP has appointed David Murray as chairman in an attempt to defuse an investor revolt that could see directors voted off the board.
The annual salary of Macquarie Group's Nicholas Moore has ballooned to almost $20 million, which looks set to top the ASX pay leagues again this year.
In a market where the average ASX 200 CEO lasts four to five years – and will have their incentives cut to suit – investors are justifiably looking to managers who will put short-term considerations to one side.
Apple shares hit a record after Warren Buffett told CNBC he bought an additional 75 million shares of the iPhone maker in the first quarter.
Argentina stepped up the fight against the collapse of its currency with a third interest rate increase in one week.
The Reserve Bank has made almost no changes to its forecasts as it made the case for an eventual increase in interest rates, should its predicted scenario eventuate.
The ASX snapped a five-session winning streak on Friday but managed to post its best weekly advance since March 2017.
When a government literally starts spruiking cheap beer, you sort of know it's going to be a pretty friendly budget.
The era of big spending has long gone -- but the conversation around budgets is remarkably little changed.
How Australia avoided the fate of Kazakhstan, whose regressive education system put their children's performance miles in front of ours.
The property market is on track for a soft landing although it will be a lot worse if the RBA normalises its cash rate back to its "neutral" 3.5 per cent level.
Federal Parliament will always be a career choice that involves time away from home; the trick is to make sure enough 'normal' people can put up with the demands.
A High Court ruling on Wednesday could set in train a fresh series of dual citizenship byelections and blow out total costs to more than $10 million.
Gonski 2.0 has helpfully identified that 30 per cent of schools are cruising, not improving but offers little in the way of practical solutions, writes Robert Bolton.
The comment came as ministers left a COAG education meeting on Friday, which accepted the broad scope of the report.
Construction of a 2.6-metre security fence at the front of federal Parliament has finished in time for the building's 30th birthday on Wednesday.
US hiring rebounded in April and the unemployment rate dropped below 4 per cent for the first time since 2000, while wage gains cooled.
The US president is stubborn and unpredictable. Just like the North Koreans he must persuade.
Former diplomats and prominent academics are among those taking sides, writes Andrew Clark
While France wants to stay a Pacific power, New Caledonians could decide otherwise when they vote in an independence referendum later this year.
China's tougher line on what it regards as a renegade state includes picking off Taiwan's friends one by one, writes Lisa Murray.
Like many others, retirement savings have not been on the radar of former AFR China correspondent Angus Grigg. Now he's realising it's time to take action.
If you're thinking about switching your super, it's hard to go past the not-for-profit funds. Nine of them were among the top 10 performers to end-March.
Alibaba is projected to post its first profit decline in a year and a half as it spends money to fend off competitors.
The murder of Daphne Caruana Galizia is a story of brutal incompetence that begins with three men and exposes a deadly web of shady businesses and offshore banks.
Author and Rolling Stone contributing editor Jeff Goodell says the world is finally waking up to rising sea levels but as he explains over Lunch with the AFR, Australia has some catching up to do.
Businesses are tapping into the expertise of fashion psychologist Dawnn Karen.
There will be two Nobel Prizes for Literature awarded in 2019 after this year's gong was cancelled because of a sex scandal.
Stand up to 'rockism' and stop feeling guilty about knowing the words to Dancing Queen.
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