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The trouble for Mike Baird at NAB was he was the former CEO's man
Opinion
Big four

The trouble for Mike Baird at NAB was he was the former CEO's man

Corporate management teams are almost as factionalised as political parties. Baird, who will leave his lucrative job running the National Australia Bank’s retail bank next month, belonged to the wrong faction.

  • by Elizabeth Knight

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Mike Baird privately rules out return to politics after quitting NAB
Big four

Mike Baird privately rules out return to politics after quitting NAB

The former NSW premier is stepping down as the bank's chief customer officer after three years in the job.

  • by Charlotte Grieve
Why I'm a super party pooper: we need extra cash to buy homes now, not to retire on
Opinion
Superannuation

Why I'm a super party pooper: we need extra cash to buy homes now, not to retire on

While retirees hoard too much wealth, the rest of us don't need to plough any more of our incomes into superannuation. We need it to buy homes and to live on.

  • by Jessica Irvine
Washing hands of coronavirus: Expect little help from insurers
Coronavirus outbreak

Washing hands of coronavirus: Expect little help from insurers

Don't look for much help from insurance companies to cushion losses from cancelled events, travel disruptions and potential medical claims from the deadly Covid-19 virus that's sweeping across the globe.

  • by Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson
Banks take one for the team - pass on full rate cuts despite profit impact
Opinion
Coronavirus outbreak

Banks take one for the team - pass on full rate cuts despite profit impact

The banks could have been confronted with a 50 basis point cut on Tuesday. So catastrophe averted - for now.

  • by Elizabeth Knight
'Ethical' super funds invest in coal, oil, gas
Exclusive
Superannuation

'Ethical' super funds invest in coal, oil, gas

So-called ethical funds at some of the largest industry and retail funds have investments in thermal coal, oil and gas - the world's largest contributors to global emissions.

  • by Charlotte Grieve
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'Investors need to keep their head': Top fund manager warns of comparing coronavirus to SARS
Global economy

'Investors need to keep their head': Top fund manager warns of comparing coronavirus to SARS

Lazard Asset Management's Ron Temple cautioned against selling stock that was impacted by the virus and said short-term volatility can be a useful tool in assessing a company's intrinsic value.

  • by Charlotte Grieve
Thermal coal to ‘phase out’, strong demand for coking coal: Plato
Managed funds

Thermal coal to ‘phase out’, strong demand for coking coal: Plato

China will ultimately seek to stimulate its economy by investing in infrastructure, which is good news for Australian iron ore producers, Plato managing director Don Hamson explains.

  • by Charlotte Grieve
The business appeal of 'tap and go' and the end of cash
Good Weekend

The business appeal of 'tap and go' and the end of cash

While some business owners complain about the hidden cost, many have embraced it for speedier service, lower risk of theft and greater efficiencies.

  • by Greg Callaghan
Australian regulators examine banks' pandemic preparations
Big four

Australian regulators examine banks' pandemic preparations

The Australian Prudential Regulation Authority has contacted the big banks, pension funds and insurers that it oversees to make sure they had adequate plans in place for a potential coronavirus epidemic.

  • by Paulina Duran
Bank of Queensland unveils five-year plan, hikes 2020 guidance
Earnings season

Bank of Queensland unveils five-year plan, hikes 2020 guidance

The regional lender has promised a 'digital revolution' including a new mobile app and cloud platforms, as it upped its cash earnings guidance for the full year.

  • by Charlotte Grieve