Banking & finance | Industry, Markets and Company News | The Sydney Morning Herald

Business

Banking & finance

Advertisement
ASIC cracks down on cryptocurrency promoters

ASIC cracks down on cryptocurrency promoters

The regulator has stopped promoters of initial coin offerings and funds that invest in crypto-assets from raising money from retail investors.

  • by John Collett

Latest

Not-so lucky you're with AAMI: Suncorp's bushfire shame
Banking royal commission

Not-so lucky you're with AAMI: Suncorp's bushfire shame

For many AAMI customers who lost their homes in the 2015 Christmas Day Wye River bush fires their "complete replacement" policies did not replace much.

  • by Sarah Danckert
NAB pay revamp makes it much harder to reward bad behaviour
Analysis
Big four

NAB pay revamp makes it much harder to reward bad behaviour

NAB has unveiled its new executive remuneration scheme after the heat of the royal commission and regulatory pressure.

  • by Stephen Bartholomeusz
Banks' spring racing season begins with horse-trading on rates
Private banking

Banks' spring racing season begins with horse-trading on rates

For the banks, the start of spring is crucial to their marketing schedules and with auctions down they are competing for a smaller share of the property pie.

  • by Elizabeth Knight
Pregnant Sacha and kids forced out of home after insurer's 18-month delay
Banking royal commission

Pregnant Sacha and kids forced out of home after insurer's 18-month delay

It took insurer Youi 18 months to repair the roof of heavily pregnant Broken Hill resident Sacha Murphy after a hail storm, forcing her to live in a caravan.

  • by Sarah Danckert & Clancy Yeates
Customer suffering, scandals to slash bonuses in NAB's new pay system
Banking royal commission

Customer suffering, scandals to slash bonuses in NAB's new pay system

Executives who oversee bad corporate behaviour may receive no bonus at all under a revamp of National Australia Bank's pay system.

  • by Mathew Dunckley
Advertisement
IAG's Swann delayed reforms to protect market share
Banking royal commission

IAG's Swann delayed reforms to protect market share

IAG's offshot Swann delayed reforming problematic sales practices, which led to consumers buying dud cover, because it did not want to lose market share.

  • by Clancy Yeates & Ruth Williams
'Hey Siri, pay John $20 for dinner': Westpac launches voice payments
Payments

'Hey Siri, pay John $20 for dinner': Westpac launches voice payments

From this week, consumers will be able to pay someone simply by talking to their smart phone's "digital assistant" and taking a scan of their face.

  • by Clancy Yeates
'Cascade crap to others': how Allianz staff approached compliance
Banking royal commission

'Cascade crap to others': how Allianz staff approached compliance

Allianz's processes for ensuring its website content complied with the law were "deficient", the royal commission heard on Tuesday.

  • by Clancy Yeates & Ruth Williams
ASIC deputy resigns just months into extended contract
Banking royal commission

ASIC deputy resigns just months into extended contract

Peter Kell has departed the corporate watchdog amid criticism of the regulator at the royal commission and from the government.

  • by Mathew Dunckley, Eryk Bagshaw & Ruth Williams
Macquarie to buy Qatar-owned Aussie farms

Macquarie to buy Qatar-owned Aussie farms

Macquarie Group has agreed to buy most of the Australian farm portfolio of Qatar's Hassad Food, the agricultural arm of the country's sovereign wealth fund.