Banks bruised, not broken by Hayne

Banks bruised, not broken by Hayne

The four pillars of the banking system will be unshaken by Commissioner Kenneth Hayne's final report, which leaves the core businesses of the big four bruised, but not broken

How Huawei plans to win despite 5G ban

Huawei's local chairman John Lord has said its can still thrive in Australia as he was confident it could win over businesses, rather than government.

How to beat Labor franking hit

Bell Potter says investors can dodge the impact of Labor's franking policy by switching part of their investment into high-yield bonds.

ASIC ban a 'little blip' for CBA: analyst

Commonwealth Bank's financial planning arm has been banned from charging fees for ongoing services just hours before the release of the banking royal commission's final report.

Anna Bligh, chief executive of Australian Bankers Association, is the industry's chief lobbyist.

Bankers react to the Hayne verdict

Bankers and big business leaders have acknowledged the need to improve conduct in the finance industry following the royal commission's final report.

Insurance commissions in firing line

Australia's insurers face a massive shake-up in the way they do business after the Hayne royal commission recommended sweeping reforms to the sector.

Potential customers for gas imported at Port Kembla want to see a firm date for imports to start.

LNG import projects suffer delays

Construction of LNG import terminals in Victoria and NSW pushed back as approvals remain outstanding and analysts question the business case for imports under a Labor government.

China services growth slows

Expansion in China's services activity slowed slightly at the start of this year, despite new export business increasing at the fastest pace in 14 months, a Caixin survey shows.

Singapore police on Monday said it was looking into reports by the Financial Times of alleged financial irregularities ...

Singapore police looking at Wirecard

Singapore police on Monday said it was looking into reports by the Financial Times of alleged financial irregularities at German payments firm Wirecard AG .

Opinion

Matthew Stevens

Mike Kane's Canute moment

The problem for Boral CEO Mike Kane is that 2019 was supposed to be the year when expensive structural transformation and rolling cost prudence began boosting profits.

Former ACCC chairman Graeme Samuel.

New independent watchdog to police regulators

A new independent watchdog will police the regulators who have been directed by the Hayne royal commission to punish misconduct more aggressively by pursuing court action to deter wrongdoing.

Farmers win debt remediation

Stricter and and clearer rules for lending to farmers will come into force to better protect agricultural property owners in times of drought and financial distress.

Personal Finance

The royal commission's interim report found the HEM did "not constitute any verification of a borrower's expenditure".

Bank reprieve on responsible lending

The royal commission said banks have already been moving to reduce reliance on the Household Expenditure Measure, so a drastic intervention to ban it is not required.