Business
Banking & finance
Thousands freeze mortgage payments as Sydney lockdown bites
Banks have frozen repayments on 14,500 home loans as a result of the latest round of lockdowns.
- by Clancy Yeates
Latest
Opinion
Government debt
America has hit its debt ceiling, and the ‘X-date’ looms large
The Biden administration has been forced to take “extraordinary measures” to conserve cash as it seeks to head off a US default on its debt - a development that would have global ramifications.
- by Stephen Bartholomeusz
Opinion
Fintech
Banks square up to Afterpay and Apple in payments fight
It’s becoming increasingly clear that the major banks have a fight on their hands, and the threat is coming from both fintechs and “big tech” players such as Apple.
- by Clancy Yeates
‘Extreme anxiety’: Alleged Westpac fraudster breaks silence
Football personality Bill Papas has blamed poor mental health, bad technology and the European summer holiday season for failing to meet court deadlines.
- by Charlotte Grieve and Sarah Danckert
Opinion
Regulation
Afterpay takeover highlights the need to rethink financial regulation
Fintechs aren’t banks and aren’t regulated like banks. But they are increasingly offering a range of services and products that look like - and compete with - banking services and products.
- by Stephen Bartholomeusz
Out of touch: Young bankers turn nose up at Wall Street’s pitch of big pay and long hours
For decades, investment banking was one of Wall Street’s most prestigious careers. It is losing its shine.
- by Kate Kelly and Lananh Nguyen
Exclusive
Fintech
Citi says buy now, pay later not a ‘fad’ as it joins the stampede
Global giant Citi says the rise of buy now, pay later products is a major shift, as it prepares to move into the local market.
- by Clancy Yeates
Exclusive
White collar crime
‘Just get the contract’: Alleged Westpac fraudster had ASX ambitions for ‘green’ business
Alleged fraudster Bill Papas had big plans for his waste management company Iugis, involving an ASX-listing, global expansion and selling a COVID-killing machine.
- by Charlotte Grieve and Sarah Danckert
Afterpay’s $39b deal could unleash more BNPL takeovers
Joining forces with Square will make Afterpay a tougher competitor to smaller rivals as they race to roll out BNPL products around the world.
- by Clancy Yeates
Opinion
Investing
Credit Suisse just couldn’t say no to Archegos
The widespread and enduring failings in Credit Suisse’s risk management exposed by the Archegos scandal have been laid out in all their gory detail
- by Chris Hughes
Wall Street suits are returning to the office. In chinos, sneakers and ballet flats
As Wall Street workers trickle back into their Manhattan offices, they are noticeable for their casual attire. Even the Lululemon logo has been spotted.
- by Lananh Nguyen and Melodie Jeng