Widespread mortgage fraud by broker
Sydney-based mortgage broker Zenik Finance Solution, which made nearly $1 billion in home loans for the big four banks and Macquarie Bank, has engaged in widespread fraud.
Sydney-based mortgage broker Zenik Finance Solution, which made nearly $1 billion in home loans for the big four banks and Macquarie Bank, has engaged in widespread fraud.
Plans for a ground-breaking billion-dollar class action by borrowers against major banks has flopped amid claims a "clear class" of claimants could not be found, putting a cloud over a spate of actions being planned against other financial service companies.
Theresa May's best shot at getting the UK parliament to pass her plan is to make a no-deal Brexit look as terrifying and chaotic as possible.
What if Google and Facebook had to ask permission for each piece of data it collects on us and it had to do so in a way a child could understand?
A public super option is the perfect panacea to the problems of conflicted interests and high fees raised in the royal commission, writes Christopher Joye.
Australian shares are trading lower through the middle of the day as the major banks extend their losses while Sigma Healthcare climbs more than 45 per cent.
It's safe to say 2019 can't come fast enough for corporate Australia after a year that promised so much turned into a dumpster fire.
Domino's Pizza says it will defend a $6.1 million legal claim from a star franchisee, who has accused the company of misleading and deceptive conduct.
Ambitious lawyers lining up to run the new Commonwealth Integrity Commission should consider the example of retiring barrister Ian Temby.
Shares in Sigma Healthcare have been placed in trading halt pending a takeover offer lobbed by rival Australian Pharmaceutical Industries.
The new hub at the University of Melbourne, will be the nerve centre of CSL's global research and development efforts.
A proposal by the Reserve Bank of NZ would see banks capital levels "increase materially", leading to higher borrowing costs and lower returns.
Trade tensions, impact from climate change and corporate debt at a record high are among the items HSBC says are the top 10 risks facing the market and economy in 2019.
The European Central Bank is ending the stimulus program that helped nurse the eurozone economy back to health over the past four years.
Australian shares closed higher for a third session in a row on Thursday, buoyed by gains from the major banks and miners.
Australian companies are mulling the use of foreign exchange options to cope with uncertainly around Brexit.
The Australian Competition and Consumer Competition has warned a merger of TPG and Vodafone could result in a "substantial lessening of competition".
With an election test now just months away, Labor worries that it might drop the ball - and the Coalition that they already have
We are putting a lot of faith in the judgment of bureaucrats – not markets – to deftly manage credit and house prices.
Mrs May's deal is still deliverable – and the political alternatives are not very attractive at all.
Mick McCormack says he's had a "marvellous career" running APA Group over 13 years, but two years ago he began thinking it was time for farm and family.
The Morrison government has directed the Clean Energy Finance Corporation to put a priority on reliable, round-the-clock power projects.
Pressure is building on Australia and other laggard countries to adopt carbon policies that can achieve their Paris targets.
The world's most powerful network of Western spies used its annual gathering in July to co-ordinate banning Chinese technology giant Huawei from their 5G mobile phone networks.
Employers have lost a court bid to break up the Construction, Forestry, Maritime, Mining and Energy Union 'super union'.
The federal government's Integrity Commission was slammed as lacking transparency, primarily because investigations into politicians and public servants would be secret unless criminal misconduct was unearthed.
A secret lobster dinner attended by the world's most powerful spy bosses sealed the fate of China's Huawei and culminated in the arrest of its senior executive, Meng Wangzhou, in Canada.
British Prime Minister Theresa May had little less success extracting concessions from European Union leaders, who rebuffed her pleas to help her salvage an embattled agreement on leaving the bloc.
President Donald Trump insisted that he did not violate campaign finance laws and that the liability for hush-money payments rests with his former fixer, Michael Cohen.
For centuries Britian's prestigous universities have generated income and contributed mightly to the UK's soft power. Can they survive Brexit?
Wealthy Chinese are rushing to shelter assets and income in overseas trusts before new tax rules go into effect next month, including provisions that target offshore holdings.
Resimac Group, the newly-named amalgam of shadow banks Homeloans and Resimac, is starting with a 'summer campaign' to launch its new brand with cuts of up to 30 basis points across its range of prime and low-doc products.
Falling property prices – particularly brand-new units – could present you with the bargains you've been seeking.
Landlords are hiring guards, installing fingerprint scanners, hotlines to local police and restricting access to swimming pools and spas to prevent their properties being used for wild and noisy Christmas and new year parties.
US-based activist lawyer Nury Turkel has become an active global campaigner as he seeks an end to the 'living nightmare' Uighurs are suffering in China, he tells Lunch with the AFR.
Microsoft co-founder Bill Gates has made a tradition of releasing a December list of his favourite books of the year. While all nonfiction, his 2018 selections reflect a variety of topics. Here they are.
Economists report that workers are starting to act like millennials on Tinder: They're ditching jobs with nary a text.
The number of new women partners at Australia's leading law firms jumped by almost 10 per cent in the past two years, but men still outnumber them by almost four to one.
Is Australia finally catching the microdosing wave that helps creatives focus?
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