I'm not a car dealer: Hartzer
![Westpac CEO Brian Hartzer arrives at the Royal Commission into Misconduct in the Banking, Superannuation and Financial ...](http://web.archive.org./web/20181121051606im_/https://www.afr.com/content/dam/images/h/1/8/5/w/i/image.related.afrIndexLeadWide.460x260.h184wj.gshfrb.png/1542776456699.jpg)
When asked to explain why Westpac allowed a car loan fraud to occur, Westpac chief executive Brian Hartzer refused to engage with the question, saying he is not a car dealer. Follow live here.
When asked to explain why Westpac allowed a car loan fraud to occur, Westpac chief executive Brian Hartzer refused to engage with the question, saying he is not a car dealer. Follow live here.
Rowena Orr hit Catherine Livingstone with the sensational suggestion that the bank had failed to meet its statutory obligations under the Corporations Act by not keeping accurate minutes from its board meetings.
Senior counsel assisting Rowena Orr shuts down Catherine Livingstone, saying the bank may have breached its record-keeping obligations.
Australian shares have rallied through the afternoon, led by CSL, Woolworths and Commonwealth Bank, lifting the market away from near two year lows.
Coles Group shares started trading on the Australian Securities Exchange at $12.49.
Life would be better for equity investors if the transition from quantitative easing and ultra-low interest rates was unfolding against a backdrop of solid economic growth. Instead, the global economy is losing momentum.
Philip Lowe says workers 'don't feel happy' nor confident about their future prospects despite unemployment levels in many major economies being lower than they have been in decades.
A 20-year gas supply deal struck between Woodside Petroleum and Perdaman has lifted the prospects for a fertilisers plant in WA.
Future Commonwealth Bank chief executive Matt Comyn was worried a lucrative financial insurance program needed to be shut down by Commonwealth Bank. His boss, Ian Narev, wasn't convinced.
Seven West Media has rubbished allegations made by ASIC that former Tennis Australia director Harold Mitchell leaked confidential information to the network.
The gas pipeline owner has confirmed its guidance for profits this year after the collapse of its $13 billion cash takeover offer from Hong Kong-based suitor CK Group.
Woolworths chief executive Brad Banducci says there are "enormous opportunities" to improve its business this fiscal year.
The White House insists there is "no recession" on the horizon even as Wall Street's slow-motion stock rout - which is about to enter its eighth week - deepened.
The Australian sharemarket briefly touched a level not seen since December 2016 after a torrid night in the US market.
Tighter credit conditions are set to continue and will likely keep roiling equity markets around the globe.
Scandals in the finance sector and flat real wage growth over the last six years are undermining the public's confidence in important institutions, the RBA governor says.
Australian shares are set to drop 1 per cent at the open as investors' tolerance for risk is tested.
The evidence given by Catherine Livingstone and Matt Comyn makes it look like they were the prime agitators for a change in culture over the past two years.
New CBA chief executive Matt Comyn has answered one of the big questions that has perplexed corporate Australia for much of the year. How did he get the job?
The Rio Tinto compliance specialist who initially rang the internal alarm bell on the damaging Guineagate scandal is to leave the global miner.
The picture provided by CBA chief executive Matt Comyn and chairman Catherine Livingstone makes the bank seem amateurish – and that's the kindest reading.
The Victorian opposition have promised to switch $60 billion in banking from Westpac to Bendigo Bank in a push for votes in marginal regaional seats.
Former Labor president Warren Mundine is considering running for the Liberal Party in the ultra-marginal NSW seat of Gilmore.
Harold Mitchell has resigned as chairman of industry lobby group Free TV amid the fallout over allegations brought against him by the corporate watchdog.
The US is set to scrap plans that would have shared the number of competitive E3 visas for skilled Australians with the Irish.
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.
Many Australians try to tackle India with stereotyped and poorly-aimed strategies. An adjustment is needed.
President Trump tore into Hillary Clinton's use of a private email account. His daughter, Ivanka, has also sent hundreds of official emails from a private account.
NASA's review was prompted by the recent behaviour of SpaceX's founder, Elon Musk, according to three officials with knowledge of the probe, after he took a hit of marijuana on a podcast.
Despite the many public run-ins with Mr Ghosn, the government has not failed to recognise how central he is to Renault and the wider alliance between Mitsubishi and Nissan.
Tensions between Nissan Motor and Renault over the future of their car-making partnership have exploded into the open as the downfall of Chairman Carlos Ghosn continues to roil the automotive industry.
Westpac is targeting upfront mortgage broker commissions in the latest round of reforms aimed at improving transparency and responsible lending.
Be careful of anything that could be viewed as a "wash sale", writes John Wasiliev, who answers your questions on superannuation.
A sea change may be happening in the currency markets, putting at risk the outsized returns that Australian investors have enjoyed this year and paving the way for portfolio rotation.
KPMG is looking to recruit partners from mid-tier insolvency firm Ferrier Hodgson as part of a plan by the big four accounting and consulting firm to bring in more revenue and build up its skills turnaround space.
New CBA chief executive Matt Comyn has answered one of the big questions that has perplexed corporate Australia for much of the year. How did he get the job?
A Sydney accountant is taking on one of the biggest challenges in business: taming Elon Musk.
A far preferable term to "muse" is "mate", Marion Hume writes.
As I ate my way through Los Angeles last month, I started thinking about Sydney, and all the things that other sunny city might learn from Los Angeles' recent meteoric rise in culinary status.
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