Yesterday
UBS preyed on ‘poor country like PNG,’ inquiry told
Former Treasurer Don Polye was sacked for refusing to approve the $1.2 billion loan after being given just 40 minutes to look over the documents.
- Angus Grigg
ASIC to pick its court battles from now on
New chairman Joe Longo says he is reviewing the corporate watchdog’s strategy and approach to enforcement.Â
- Michael Roddan
CBA toughens home loan assessments to give APRA comfort
The move revealed to mortgage brokers comes the day after the Council of Financial Regulators revealed APRA had sought assurances from banks on lending standards.
- James Eyers
NAB says $40m penalty ‘manifestly excessive’
The bank has argued in court that its fee-charging conduct is at the lower end of offending and has called ASIC’s proposal ‘unreal’.
- James Frost
‘Beyond its control’: neobank given a year’s grace
The prudential regulator has made an unusual decision to extend the restricted banking licence of In1Bank, a neobank once expelled from the financial complaints watchdog.
- Michael Roddan
UBS inks five hires in research, sales
Swiss investment bank UBS is restocking its ranks, sealing five signings including two new mining equity research coverage co-heads.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Digitisation of finance is the next frontier for investors
The fractionalising of big assets can facilitate sustainable investing, by allowing retail investors to put funds into assets such as wind and solar generators.
- Christopher Niesche
Making payments seamless is the way to go
Ways in which payments are made are rapidly changing and businesses keen to increase sales need to make it easy for their customers to pay.
- Christopher Niesche
- Opinion
- NAB Special Report
Industry insight: Our digital economy aces the crisis test
Businesses have used the crisis to examine the potential of new markets as well as to improve access to existing markets.
- David Gall
Businesses must adapt to massive structural shifts
Every business decision is being influenced by big data as the digital economy’s relentless growth brings new trends and challenges.
- Mark Eggleton
Digital infrastructure growing as an asset class
Global private investment in digital infrastructure and telecoms has grown from $US1 billion in 2010 to an estimated $US90 billion a year.
- Christopher Niesche
Businesses must bank on secure future
Australia is building a world-class offensive cyber capability in response to increasing security breaches.
- Mark Eggleton
- Opinion
- Chanticleer
Battered Challenger promises growth
The company has reason to crow, but shareholders are wary after a year when it abandoned aggressive return on equity targets.
- Tony Boyd
This Month
Quadrant’s $650m Affinity buy puts childcare deals back in the hotseat
Private equity firm Anchorage Capital has proved there’s plenty of money to be made in Australia’s childcare sector, as a spate of new private capital players enter the industry.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Wingate restocks credit warchest with $100m second fund
Wingate’s fundraisers have been out pitching the firm’s second $100 million corporate credit fund,
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Grow Finance valued at 11.7 times to 13.6 times earnings for IPO
Small and medium enterprise lender Grow Finance will be worth as much as $144 million on a market capitalisation basis if it pulls off its mooted sharemarket float.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Superhero mulls options for its trade executions
One of the bigger retail trade execution contracts in the market could soon be in play.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
PNG cabinet told $1.2b UBS loan was illegal
A royal commission has heard four senior cabinet ministers opposed the controversial deal and told former PNG prime minister Peter O’Neill it needed to be approved by Parliament.
- Angus Grigg
Adamantem managing director heads for the exit
One of Australian private equity firm Adamantem Capital’s dealmakers is moving on from the firm.Â
- Sarah Thompson, Anthony Macdonald and Tim Boyd
NAB issued 69,000 defective fee statements
ASIC makes the case for NAB to be hit with a significant financial penalty during a court hearing on Thursday.
- James Frost
