Hayne to leave banks with billion-dollar bill
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The major banks face years of rolling litigation and potentially billions of dollars in additional compensation as law firms prepare test cases over mortgage lending practices.
The major banks face years of rolling litigation and potentially billions of dollars in additional compensation as law firms prepare test cases over mortgage lending practices.
The government has backflipped and called a royal commission into aged care as a new poll puts Labor in a strong lead.
Listed aged care providers Regis Healthcare, Japara Healthcare and Estia Health expect to be hit by the announcement of a royal commission into aged care.
Politicians are largely to blame for letting the $41 billion insurance industry off the hook over problems exposed by the Hayne royal commission, ASIC will say in a submission to the inquiry.
Australian stocks are poised to edge higher at the open, though gains could be checked by renewed US/China trade worries.
With US President Donald Trump preparing to pull the trigger this week on a full-blown trade war, China's leaders are struggling to figure how to respond to a threat they never saw coming.
Country's top property bosses paint an upbeat picture of housing market, say declines will take pressure out of 'balloon'.
The local private equity industry is sharpening its focus on governance, deal structures and navigating digital disruption, as it fends off further fee pressure.
China is spending close to $250,000 on an advertising campaign to promote its state-owned broadcaster in Australia.
Coles' successful Little Shop promotion has given new boss Steven Cain breathing room to come up with a fresh strategy to take on Woolworths and Aldi.
A $4 million investment in Madorra, led by OneVentures, will fund device production and clinical trials, to be run in Australia.
Sydney Airport says that on average, its published charges represent less than 6 per cent of the cost of international airfares.
Investors have been able to shrug off escalating trade risks thanks in large part to Trump's pro-business policies - but mid-term elections may change that.
Financier and philanthropist Michael Milken says investors are "dramatically underestimating the risks" of investing in investment grade bonds.
"You can worry about these things for far, far, long ahead of them actually unfolding," Andrew Clifford, the Platinum Asset Management boss, admits.
The global financial crisis gave us a big warning on what can happen when credit freezes up: regardless of what causes it.
A decade after the global financial crisis, Bentham's Richard Quin says the unfashionable asset class is providing opportunities for data focused investors.
It doesn't get much bigger than a face-off at the royal commission and an annual general meeting in the same week.
Scott Morrison needs to show the government is focused on addressing the problems of voters rather than those of the Liberal party.
The royal commission's glare is no place for the faint of heart. But as TAL's witness showed, some do it tougher than others.
BHP is set to spend another $8 million on its marketing campaign after scores for trust and favourability rocketed after the first iteration.
The aged care royal commission was long overdue will the energy sector be next?
In a head-to-head contest, Scott Morrison has pretty much picked up where Malcolm Turnbull left off when it comes to comparisons with Bill Shorten.
The aged care royal commission comes as the sector is struggling to deal with serious issues about its workforce.
Scott Morrison's chances of holding on at the next election face further setback with marginal seat MP Anne Sudmalis wanting out.
The Coalition has to decide whether it wants to be an IR cop or if it sees IR policy as a way to modernise the economy.
Paul Manafort's role in the Trump campaign and ties to a Russian-aligned strongman and a suspected Russian intelligence agent make him an enticing cooperator.
Tropical Storm Florence was likely to weaken as it swept through the Carolinas but dozens of communities were devastated and "epic" amounts of rain could still fall, officials said.
Tough international and domestic tests await Shinzo Abe if he wins this week's election for party leader, with his immediate challenge being to mollify Donald Trump's concerns over the US trade deficit.
US officials are undermining their own agenda as they conduct a trade war with the most promising foreign gas market of them all: China.
Donald Trump is preparing to escalate his tariff war with China but may soften the blow on American consumers by slashing the potential impost from 25 per cent to 10 per cent.
Investor Malcolm Jones is recounting his experience as a warning to other property investors about responding to cold-calling property spruikers.
Lenders are expected to start poaching customers and aggressively target new borrowers in response to higher interest rates being rolled out by three major banks from next week.
Australia is among the riskiest housing markets in the world, with falling prices a threat to growth: Oxford Economics
The "graduate earnings premium" has fallen by 8 per cent for women since 2006 and by 6 per cent for men.
Professor Dawkins told The Australian Financial Review three years ago it became evident the financial situation was worsening.
Sir George Reid was an important thinker: as prime minister he was Australia's most important early champion of economic liberalism
"It became untenable, it became a situation I couldn't work in," Lynn Burmeister said of her exit from Monash IVF.
Once dismissed as a hippie indulgence, drugs such as LSD are now at the front line of research into depression and anxiety. The results are revelatory.
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