Business
Banking & finance
Updated
Earnings Season
AMP shares plunge 10 per cent as group warns of a difficult 2019
AMP's hammering from the banking royal commission just got worse.
- by Sarah Danckert
Latest
Earnings Season
Stellar profit lifts Magellan shares to record high
Soaring performance fees and a steady inflow of new retail investors has boosted Magellan Financial Group's half-year profit.
- by Stephen Miles
Analysis
Financial planning
The incredible shrinking AMP: Setting up for a down-sized future
The scale of the challenges confronting new AMP chief executive Francesco De Ferrari are many, varied and, if not yet existential, quite threatening.
- by Stephen Bartholomeusz
Extreme weather
Suncorp lifts disaster budget as climate change hits insurers
Suncorp is lifting its budget for natural disaster claims by $100 million and buying extra reinsurance to shield its business from wild weather.
- by Clancy Yeates
Home loans
ASIC tells banks to lift their game on home loans
The corporate watchdog has given banks a warning about how they assess applications for home loans as it updated its guidance for responsible lending requirements.
- by Sarah Danckert
Superannuation
Billions in super savings moves from retail to industry funds
Billions of dollars in super savings have moved from bank-linked retail funds to union-linked industry funds as workers react to misconduct revealed by the banking royal commission.
- by Lucy Battersby
Sharemarket
Nearly $60 million in customer money mixed up at collapsed broker
Halifax collapsed before Christmas, freezing $210 million invested by its 12,000 plus clients. Now up to $25 million of investor money is missing.
- by Sarah Danckert
Banking royal commission
Sans sheriff: ASIC spent $100,000 on new font amid royal commission
ASIC spent more than $100,000 on a re-brand consisting largely of a new font in the midst of a royal commission that sharply criticised its performance.
- by Nick Bonyhady
Investment banking
Macquarie backs 'important' role for mortgage brokers
Macquarie Group CEO Shemara Wikramanayake has backed up the mortgage broking industry's claim that it is important for competition in the home lending market.
- by Clancy Yeates
Banking royal commission
Macquarie eyes China growth, despite trade tensions
Macquarie Group has played down the risks to its business in China from the mounting trade tensions between the world's two biggest economies.
- by Clancy Yeates
Earnings Season
Challenger profit slumps as 'market volatility' bites
Challenger's net profit in the six months ended December 31 plunged to just $6.1 million from $195.4 million in the same period a year earlier.
- by Stephen Miles