The big four are keen to keep a low profile in the current political climate.

Open banking 'a game changer' for consumers

Open banking will become a reality from July 1 next year, when credit and debt card data will be able to be provided to fintechs, with mortgage data to follow in early 2020.

Beware the market darlings

Investing in the current crop of market darlings may not be the best strategy in a world of uncertainty, says the head of Australian equities at Schroders.

About $4 billion has been wiped from AMP's market value in the past month.

AMP faces second class action

AMP will contend with two class actions as the beleaguered wealth manager prepares for today's fiery AGM where shareholders will want answers.

Caltex deals help fill earnings gap

Acquisitions are starting to close the earnings gap from the expected loss of a major fuels contract with Woolworths but there is more to do.

Opinion

James Shipton ASIC chairman has discovered a surprise $26m budget cut.

'All bark, no bite': Shock cut for ASIC

ASIC's permanent funding will be cut from $346 million to $320 million and staff numbers slashed by 30, in a cut described as shocking by insiders as the Hayne inquiry adds to the regulator's workload.

"If they're not prepared to reduce immigration numbers, I'm not prepared to support their budget." Pauline Hanson's ...

One Nation holds key to tax-cut plan

The federal government could secure Senate support for its entire $140 billion income tax cut package from the crossbench but needs to persuade Pauline Hanson who is demanding cuts to immigration.

Budget tax package a 'huge reform'

Malcolm Turnbull says the federal budget represents "huge reform" to the income tax system, insisting high income earners would still pay the bulk of tax under a planned overhaul.

Personal Finance

Monika Tu, founder Black Diamondz Property Concierge in her Sydney office. 13th October 2017 Photo by Louise Kennerley ...

Cash limits easy to get around, agents say

Farmers, brokers and real estate agents are sceptical of the government's proposals to crack down on the cash economy including a $10,000 limit on cash payments from July.