James Shipton on Thursday: "I would say that there is certainly room for improvement as regards the timeliness of ...

ASIC approach 'antithesis' of tough

ASIC came under fire in the royal commission on Thursday when an email revealed it considered penalising NAB via a "community benefit payment" over home-loan misconduct that affected thousands.

Ladbrokes buys fellow bookie Neds

The consolidation push sweeping Australia's wagering sector has resulted in another deal, with Ladbrokes to buy Neds International.

James Shipton is the first head of a regulator to be questioned.

Shipton is 'disturbed and disappointed'

ASIC chairman James Shipton conceded he was 'disturbed and disappointed' that the regulator did not investigate NAB over its fraudulent introducer loan program earlier. How today unfolded.

Orr says ASIC too cosy with banks

James Shipton might have expected to be chastised for not talking enough to naughty banks and financial institutions. Instead, he was interrogated for talking to them too much.

ASX ends four day losing streak

Australian shares lifted through the afternoon and closed higher on Thursday, as the sharemarket ended four days without gains.

Coles shares started trading on the Australian Securities Exchange on Wednesday.

Goldman slaps 'buy' on Coles

Goldman Sachs analyst Andrew McLennan has initiated coverage on Coles with a "buy" recommendation, telling clients he expects the retailer to record 7.1 per cent a year earnings.

Opinion

Is Westpac really wedded to wealth

The overall view of Brian Hartzer's evidence to the royal commission is that he views wealth as a challenging, complex and decreasingly profitable business that is nice to have, rather than essential.

Boards worry about the Hayne pain

It seems certain the Hayne inquiry will change the face of governance in Australia just as the global financial crisis changed the shape of banking regulation in Britain and North America.

Federal Police guard the house where a terror suspect lived in Dallas, a northern suburb of Melbourne, on November 20.

Dual national terrorists to lose citizenship

Any convicted terrorist who is a dual national will be stripped of their Australian citizenship under tough new measures announced by the Morrison government following recent terror plots.

Malcolm Turnbull is back  speaking on climate.

Turnbull isn't going quietly

Former Prime Minister Malcolm Turnbull will give the headline speech at a clean energy summit next month - right in the middle of the final sitting of federal Parliament.

Any eviction of Mr Ghosn, with or without a unanimous decision, could raise questions about the future of the world's ...

Nissan board to vote on Ghosn's fate

Nissan Motor's board was to meet on Thursday over whether to dismiss Carlos Ghosn as its chairman, as further details emerged over allegations of financial misconduct.

"We do not have Obama judges or Trump judges, Bush judges or Clinton judges," Justice Roberts said.

Trump, chief justice in war of words

United States Chief Justice John Roberts and President Donald Trump have engaged in an extraordinary war of words over the independence of the federal judiciary.

Personal Finance

Livingstone defends Comyn's promotion

CBA promoted the head of the scandal-ridden retail bank to CEO because no external candidate would have been immune from a regulatory scandal, chairman Catherine Livingstone says.

Lifestyle

A jillaroo leads cattle on Gina Rinehart-owned Fossil Downs station in the Kimberley.

Life on a Gina Rinehart cattle station revealed

Gina Rinhart's unveils new book Things We Love, written by the station hands and farmers who make up the backbone of her massive investment in the Australian cattle industry to mark National Agriculture Day.