Hayne reveals amateurish CBA
The picture provided by CBA chief executive Matt Comyn and chairman Catherine Livingstone makes the bank seem amateurish – and that's the kindest reading.
CBA's complacent board culture exposed
CBA chairman Catherine Livingstone told the royal commission the board relied too much on senior executives and did not do enough to manage non-financial risks. How today unfolded.
IMF wants more than negative gearing curbs
The IMF has signalled support for Labor's plan to curtail negative gearing, but warned that reducing tax breaks that encourage excessive borrowing must be part of a broader tax reform.
Comyn not satisfied with compliance
CBA CEO Matt Comyn says he would never be happy with the bank's compliance with anti-money laundering laws after a report last month raised 45 new issues alongside the 199 known ones.
ASX falls as tech stocks slide
Australian shares slumped on Tuesday as local technology stocks were rattled by a poor session on Wall Street.
CBA's complacent board culture exposed
CBA chairman Catherine Livingstone told the royal commission the board relied too much on senior executives and did not do enough to manage non-financial risks. How today unfolded.
Comyn throws Narev, Turner under a bus
This was a good morning for CBA CEO Matt Comyn, who has built up an image of someone who campaigned inside the bank for product reforms that would have protected customers.
CBA's compensation bills to rise
CBA chief executive Matt Comyn said it was "reasonable" to conclude it may have to compensate extra customers who bought inappropriate insurance products.
Junk insurance refunds to exceed $1b
Banks and insurers could face more than $1 billion in refund costs as a result of mis-selling worthless add-on insurance policies.
Myer urged to reach 'detente' with Premier
Leading fund manager John Sevior has urged embattled Myer to reach a 'detente' with Solomon Lew's Premier and appoint one or two of his nominees.
Stanmore Coal bid too cheap, say shareholders
Two investors in takeover target Stanmore Coal say Indonesia's Golden Energy and Resources may have to improve its $239 million offer.
Narev to Comyn: 'Temper your sense of justice'
Commonwealth Bank CEO Matt Comyn met resistance from his former boss when he tried to protect customers from a flawed insurance product.
IMF backs RBA's reluctance to raise rates
The IMF welcomes the cooling housing market, wants a higher GST and urged the government to stick with its budget surplus plan.
Markets Live: ASX closes at 5671
The S&P;/ASX 200 closed 0.4 per cent lower at 5671.8 points, recovering in afternoon trading.
Indian central bank to rethink policies
India's central bank has given ground to government pressure and agreed to reassess its management of reserves and treatment of troubled banks.
Ray Dalio sees parallels to 1930s
The world today looks most like the late 1930s, says Ray Dalio, the founder of the world's biggest hedge fund, Bridgewater Associates.
ASX touches 20-month low
The ASX touched a level not seen since February 2017, with technology stocks hit hard and companies exposed to housing in Australia and the US also selling off.
Opinion
Comyn the Reformer throws Narev under a bus
It was a good morning for CBA CEO Matt Comyn, who painted an image of someone who has campaigned for reforms to protect customers.
CommBank's profit priority is revealed
After Matt Comyn's explosive evidence to the royal commission, it is clear that he not only knows where all the conduct problems occurred at CBA but was involved in most of them somehow.
'Not much to report' on broker pay: Comyn
CBA's chief executive was brutally honest about the banking industry's plan to stop paying mortgage broker commission based on loan sizes. There isn't one, he told the banking royal commission.
Scott Morrison still has a fighting chance left
But the PM's Liberal Party have to remember what they are actually stand for: lower taxes, lower spending, promoting exports and giving room for the private sector to flourish.
Victorian energy policies mirror national divide
Modelling of Labor, Liberal and Greens polices by Reputex finds the Liberal policy would succeed in lowering prices only in the short term - and would have the highest carbon emissions.
Hacking back only way to stop China
Targeted cyber attacks and a strong deterrence capability are the most effective way to prevent countries continuing to steal Australian commercial secrets, according to a former director of the FBI.
Police, ASIO foil terror plot to kill as many as possible
A joint Victoria Police, Federal Police and ASIO task force has foiled a plot by three men from Melbourne's northwestern suburbs to kill as many people as possible in a terror attack on a crowded place.
Chinese spies responsible for surge in hack attacks
China is flagrantly disregarding an agreement not to steal commercial secrets, according to Australia's intelligence agencies.
'Enough, enough, enough': Morrison flags cut to migration
Scott Morrison is considering cutting immigration numbers to prevent over- crowding in Australia's biggest cities, saying "the roads are clogged, the buses and trains are full".
Hong Kong on trial as protest leaders face jail
More than four years have passed since Chan and his fellow activists urged Hong Kongers out onto the streets to call for democratic reforms. Now they are on trial and the world is watching.
India President's first visit to Australia to boost ties
India will use the first state visit to Australia by an Indian president to boost the bilateral relationship and sign agreements on closer engagement in the mining and education sectors.
China accuses US of 'spoiling' APEC party
China has accused the United States of spoiling the Asia-Pacific Economic Cooperation (APEC) leaders summit by attending with 'great anger'.
Ghosn's exit leaves superhero power vacuum
Mr Ghosn's toppling is no coup, Nissan insists. That might not stifle speculation the Japanese group is preparing for its 're-Japanisation'.
A deal between Trump and Xi will not last
Even if the G20 summit sees Mr Trump agreeing to defer his plans to increase tariffs on China, a trade truce may not last for long given the backdrop of growing superpower rivalry.
Personal Finance
China investor forced out of PRP Diagnostic
The founder of a Chinese group which owns a stake in Sydney group PRP Diagnostic Imaging has been forced to hand over control of his investment.
NAB launches BIG plan to improve loan quality
NAB is promoting a range of discounts and special offers as it prepares to roll out a program intended to improve the quality of financial information provided by loan applicants.
Warning: Seasonal effects on sharemarkets are universal
A seasonal bias should be occurring about now. This has important implications for Australian investors.
Rack 'em up: Christie enhances data offering
Christie has paired with technology provider Schneider Electric to offer short-term IT capacity in co-working spaces.
Ghosn arrest exposes Renault-Nissan cracks
The shock news of Carlos Ghosn's arrest in Japan was barely a few hours old when cracks began to appear in the automotive alliance that the globe-trotting executive had skilfully held together for almost two decades.
William Cox to become Aurecon global CEO
William Cox will become the next global CEO of Aurecon and aims to double the size of the engineering firm's consulting division over the next five years to be worth 30 per cent of revenue.
How workplace rivalry can become a fragile friendship
Co-operating with a competitor is a risk we should think about taking more often, writes Pilita Clark.
Lifestyle
Radical obesity surgery no magic fix
When people sign up for bariatric surgery they are not signing up for a single operation, they are signing up to a program for life.
