Business
Banking & finance
‘Black hole’: Insurers warn of unaffordable premiums, home risks
Insurance giants are calling for planning reform and home relocations to avoid spiralling premiums.
- by Millie Muroi
Latest
Reduce carbon footprint if you want cheap finance: NAB
Australia’s largest business lender has said it is inevitable banks will charge higher interest rates for businesses that aren’t reducing their emissions.
- by Sumeyya Ilanbey
Perpetual board’s ‘not going to be the master of their own destiny’
Perpetual’s board and management have come under fire from former star employees who say strategic and financial decisions have made the diversified financial group an attractive takeover target.
- by Anne Hyland
Sponsored
CommBank
How AI is upping scam sophistication
It could be a video of Tom Hanks selling dental insurance, Elon Musk pushing a phoney get rich quick scheme, or Bear Grylls shilling cryptocurrency. None of these videos are real. But they can look convincing.
- by Katie Cunningham
Opinion
Superannuation
Is it time to water down super funds’ benchmarks to save the planet?
If the government wants the $3.5 trillion superannuation industry to invest more in the energy transition, it may need to cut them a bit of slack on their performance tests.
- by Elizabeth Knight
Warning on risks as buy now, pay later surges
The Bank for International Settlements has warned that rapid global growth in buy now, pay later (BNPL) services could create risks in the financial system.
- by Clancy Yeates
BOQ shareholders reject executive pay after ‘difficult year’
Bank of Queensland shareholders delivered a blow to the company’s remuneration report as the bank warned of growing economic risks in the year ahead.
- by Millie Muroi
Homeowners in disaster-prone areas could dump cover, insurers warn
The insurance industry says almost 230,000 homes face a one-in-20 year flood risk, as it warns more people in disaster-prone areas could opt out of cover.
- by Clancy Yeates
ANZ readies high stakes appeal to keep $4.9b Suncorp deal alive
ANZ will this week challenge the watchdog’s concerns about entrenching a banking oligopoly, as it seeks to become Australia’s third-largest home lender.
- by Clancy Yeates
Opinion
Billionaires
Billionaire heirs have a how-to-spend-it problem
More than 1000 ageing billionaire entrepreneurs are expected to bequeath $8 trillion to heirs in the coming few decades. But attitudes between the self-made and their successors are very different.
- by Chris Hughes
NAB boss says rates nearing peak ahead of Reserve Bank decision
National Australia Bank chief executive Ross McEwan said rate hikes were slowing the economy as intended but that there could be one more next year.
- by Millie Muroi