ASX adds $20b on rebound in big banks
The Australian sharemarket soared on Tuesday on the back of a rebound from the major banks, recording its biggest single-day gain since November 2016.
Why VGI won't short the banks
VGI Partners' Rob Luciano says he's not crazy enough to short the big four banks but the fund is maintaining its bet against the Australian dollar.
RBA downgrades outlook, holds rates
The Reserve Bank of Australia has held the official interest rate steady at 1.5 per cent at its first monetary policy meeting of the year but downgraded its outlook for the economy which is softening according to new official data published Tuesday.
How the tide turned on the banks
It took some time for the country's top politicians to question the bankers' habitual excuse - that the scandals reflected the actions of a few bad apples, rather than pointing to deep-seated cultural problems.
CEOs should consider their positions: PM
Scott Morrison has suggested NAB executives consider their positions while Bill Shorten said other executives should also go. Here's how the fallout from the final report unfolded.
Industry funds call for binding say on pay
Industry super funds are calling for a binding vote on executive pay, after investors warned that boards ''still don't get it''.
Turnbull lauds 'outstanding' Banks
Malcolm Turnbull has strongly endorsed Liberal defector Julia Banks and given a lukewarm assessment of the Coalition's electoral prospects.
Thorburn hits the road to defend legacy
As speculation builds his position is untenable, NAB chief Andrew Thorburn went on a media blitz on Tuesday morning to defend his legacy and the actions of the bank after cancelling his long-service leave.
Hayne changes are 'duplication': claim
Kenneth Hayne's recommendation that insurance claims handling be classed as a financial service could result in a purposeless duplication of regulation.
Financial advisers worry costs will price out customers
Financial advisers are concerned recommendations from the royal commission could price out lower income workers seeking financial advice.
Dismal December for retail as sales slump
Retail sales fell 0.4 per cent during December as online sale events in November reduced consumer spending in the weeks before Christmas.
Winners and losers in Hayne's verdict
Here are the (initial) winners and losers from the final report of the Hayne royal commission.
Big four banks, AMP rally accelerates
The market winners and losers from the royal commission were clear on Tuesday, with spectacular gains from the major banks and AMP and IOOF.
Markets Live: Banks still rising
The RBA is keeping rates at 1.5 per cent, as expected. The ASX200 to a three-month high of 6038 points
Fed chiefs meet Donald Trump to discuss economy
Jay Powell and Fed vice-chairman Richard Clarida have met Mr Trump and Treasury secretary Steven Mnuchin for an informal dinner.
His returns wilted, but Gross should keep writing
Mr Gross's exit is not just a denouement for a fallen legend but also for a 30-year bond bull market and active asset management more generally.
Mediland Pharm IPO promising Chinese tourist sales
Australian health and luxury retailer Mediland Pharm will raise $12.5 to $15 million in an initial public offering, as the company moves into e-commerce and branded goods to expand its business targeting Chinese tourists.
Opinion
Hayne tells boards to stare down short-term investors
Commissioner Ken Hayne has delivered two stinging messages for directors that should resonate well beyond the financial services sector.
Brokers are the fall guys for the banks' misdeeds
The biggest winners from the royal commission are demonstrably the big banks while the largest losers are Australia's mortgage brokers, writes Christopher Joye
Hayne leaves out board accountability
The big four banks have emerged from the final report of the Hayne royal commission with no obvious threats to their core money-making operations.
Bankers contemplate life behind bars
Australia could be about to follow the lead of Iceland, the only country that has ever put top finance executives behind bars.
Hayne sparks new row over default super
The Hayne inquiry has opened a new frontier in the battle for control over the $595 default superannuation market – how to enact a bipartisan plan to ensure workers only ever have one default account.
Coalition pulls punches on broker crackdown
The federal government will adopt 75 of the 76 recommendations made by the Hayne royal commission but has baulked at fully implementing a crackdown on brokers.
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.
The politics of Hayne is just warming up
Do not be surprised if ASIC is leant on to fast-track a referral and have someone sent to the gallows before election day.
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.
EU nations endorse new Venezuela government
Germany, France, the UK and Spain join Latin American countries, the US and Canada in supporting Venezuela's new interim government.
Trump subpoenaed on inauguration funding
US prosecutors have issued a subpoena seeking documents from President Donald Trump's inaugural committee.
David Malpass will be nominated new World Bank chief
President Donald Trump will nominate senior Treasury official David Malpass to lead the World Bank, moving to place at its helm a critic of the development lender.
UK car industry feels Brexit heat
Nissan's decision not to go ahead with X-Trail production in Britain is unrelated to Brexit but has triggered another bout of doom and gloom.
Crypto CEO dies with only passwords to unlock millions
Digital-asset exchange Quadriga CX has a $US200 million problem with no obvious solution - just the latest cautionary tale in the unregulated world of cryptocurrencies.
Personal Finance
Hayne tells boards to stare down short-term investors
Commissioner Ken Hayne has delivered two stinging messages for directors that should resonate well beyond the financial services sector.
House price tumble triggers new car sales slide
The Hayne findings delivered a fresh headache for car dealers providing finance, but the bigger problem for them is buyers are staying away.
Mortgage brokers fume at loss of trails
Mortgage brokers are fuming about the government's move to kill trailing commissions, warning this could cause upfront commissions to rise.
Graeme Samuel warns of 'short-memory' bankers
Graeme Samuel, who will probe the prudential regulator, warns there is a danger that short-memory bankers will lapse into "old bad behaviour".
Japan struggles with 'womenomics'
Japan says it desperately needs more women in the workforce, but gender and cultural hurdles are pushing families to the limit.
Ethicist tackles real-life workplace dilemmas
Should I say something to a work colleague who is about to buy a house and doesn't know they might be facing redundancy?
Dymocks chases growth with Potentia tutoring business
Bookseller Dymocks is beginning a new chapter in its growth story with its tutoring business Potentia.
Lifestyle
Melbourne's surprise new foodie suburbs
Carlton and St Kilda have shrugged off their cheap and cheerful heritage to become culinary destinations of note.
