Widespread mortgage fraud by broker

AFR. 19 June 2016. CEO of PIA (Property Investors Alliance) Justin Wang in PIA auditorium in Olympic Park. Photo Dominic ...

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.

No day in court for aggrieved class action litigants.

Major class action over mortgage lending flops

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.

Why Costello backs nationalising super 

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.

Banks extend losses, Sigma soars

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.

Domino's franchisee Tim Yervantian is suing the company for $6.1 million, alleging ​misleading and deceptive conduct, ...

Domino's to defend franchisee claim

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.

ASX gains for third session

Australian shares closed higher for a third session in a row on Thursday, buoyed by gains from the major banks and miners.

Opinion

Allies' campaign led to Huawei arrest

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.

The Morrison government has bowed to pressure and will establish a national anti-corruption body, a Commonwealth ...

Plan for 'secret' federal ICAC slammed

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.

Secret spy dinner sealed Huawei’s fate

Secret spy dinner sealed Huawei’s fate

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.

European leaders offered some reassuring words but told Mrs May her ideas were too vague, and she received no promise of ...

EU rebuffs May's plea for concessions

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.

Trump distances himself from Cohen

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.

Personal Finance

Merged lenders Resimac have launched discounted mortgages

Merged lender launches 'summer discount' loans

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.

Threats of legal action from angry neighbours are forcing landlords to become more active in stopping noisy parties.

A landlord's guide to keeping party season in check

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.

Nury Turkel, who is staff Attorney in Washington and advocates for the rights of Uyghur people in China.

Uighur lawyer on the cost of speaking out

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.

Among his other well-known pastimes, Bill Gates loves to read.

Bill Gates reveals his favourite books of 2018

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.

Women now 40pc of new law partners 

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.