Banking & finance | Industry, Markets and Company News | The Sydney Morning Herald

Business

Banking & finance

Advertisement
AustralianSuper dumps Whitehaven Coal, commits to net zero by 2050

AustralianSuper dumps Whitehaven Coal, commits to net zero by 2050

The country's largest superannuation fund has sold its shares in the coal miner as it ramps up its climate policy.

  • by Charlotte Grieve

Latest

NAB pays Mike Baird $1.9m after quitting in March

NAB pays Mike Baird $1.9m after quitting in March

Former NSW premier Mike Baird has been paid a healthy farewell package from the National Australia Bank.

  • by Charlotte Grieve
What keeps Commonwealth Bank's chief executive awake at night
Opinion
Big four

What keeps Commonwealth Bank's chief executive awake at night

A note of caution from the most upbeat of the big bank bosses is a warning of what could happen to the economy when bank and government support struts are removed in March next year.

  • by Elizabeth Knight
'Important enabler': CBA chief says vaccine will spur bank, economic growth

'Important enabler': CBA chief says vaccine will spur bank, economic growth

However, CBA chief Matt Comyn says the full economic impact of COVID-19 won't be known until next year.

  • by Charlotte Grieve
'Constrained' Biden presidency set to lift markets

'Constrained' Biden presidency set to lift markets

Australian stock pickers have said the Republicans' hold over the US Senate will stop anti-business legislation being waved through.

  • by Charlotte Grieve
Major banks on mission to reduce 'time to yes' for loan approvals

Major banks on mission to reduce 'time to yes' for loan approvals

The big four will need to speed up their processes to take advantage of the perfect storm for mortgage growth.

  • by Charlotte Grieve
Advertisement
Macquarie ready to pounce on cheap assets if markets turn

Macquarie ready to pounce on cheap assets if markets turn

Macquarie's CEO Shemara Wikramanayake is not concerned about political turmoil in the United States, but said the bank is ready pounce if asset prices fall.

  • by Charlotte Grieve
National Australia Bank profit - the best of a bad bunch
Opinion
Big four

National Australia Bank profit - the best of a bad bunch

The unspoken tool banks can use to grab market share is increasing their risk appetite - but none will ever admit to it.

  • by Elizabeth Knight
NAB boss wary of too much risk as bank looks to grow loan book

NAB boss wary of too much risk as bank looks to grow loan book

NAB chief executive Ross McEwan has said Australia's "once-in-a-generation" recession was reflected in the bank's results but it would be disciplined in pursuing growth.

  • by Charlotte Grieve
'Dark clouds are there': Pendal chief warns of market shock if Trump wins

'Dark clouds are there': Pendal chief warns of market shock if Trump wins

Global market volatility will rise if Trump wins a second term as the market has priced in a blue wave for Biden.

  • by Charlotte Grieve
Major banks cut fixed home loans but leave variable rates unchanged

Major banks cut fixed home loans but leave variable rates unchanged

Westpac, CBA, NAB and ANZ have not passed on the RBA's record low cash rate cut to most of their customers, but have offered historic low rates on fixed-term loans.

  • by Charlotte Grieve