Yesterday
This Australian has shaken the world of bond quants to its core
A young academic set out to replicate the findings in a key research paper and found that he couldn’t do it.
- Updated
- Justina Lee
The private capital deal makers who will shape 2024
The best operators know how to strike a deal, and in 2024, there’s plenty of dry powder and more pressure to deploy.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Payments
Audits found flaws in Airwallex’s staff screening
PwC and Grant Thornton said the $US5.6 billion payments giant was not adequately identifying if staff had a criminal history or were subject to international sanctions.
- Lucas Baird and Jonathan Shapiro
This Month
John Wylie’s share fund draws new commitments, avenging down year
The former investment banker insists the strategy is set up for long-term growth, and is tracking roughly 9 per cent ahead of the ASX since inception.
- Aaron Weinman
Banks shed 60,000 jobs in one of worst years for cuts since GFC
Investment banks suffered a second consecutive year of plummeting fees as dealmaking and public listings dried up, leaving Wall Street trying to protect margins.
- Owen Walker
Inside ‘Project Havana’, the $26b merger that shaped Aussie M&A
Newcrest’s tie-up with US peer Newmont resulted in it leaving the ASX after 36 years in December, and more delistings should keep bankers busy in 2024.
- Aaron Weinman
From stinky deals to companies to watch in 2024: Chanticleer awards
In this week’s episode, James and Anthony wrap up 2023 with the Chanticleer Podcast awards, examine what’s ahead for markets in 2024 and help readers out with last-minute Christmas shopping.
Probiotec in play, receives $3-a-share offer from offshore buyer
It will be a welcome payday for long-suffering shareholders of Probiotec, including the Stringer family and friends.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Wilsons Advisory hires ex Credit Suisse operative
Stockbroker and private wealth firm Wilsons Advisory has hired a former Credit Suisse sales and trading operative.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Five lessons from an unforgettable year of deals
Raids, leaks, blow-ups and a Christmas scramble: bankers may wish to forget a lot that happened in 2023, but there are some important lessons.
- Anthony Macdonald
Elliott promises more growth for ANZ in mortgage assault
The ANZ chief executive tempered expectations the “mortgage wars” that have dented profit margins would soon ease.
- Lucas Baird
Comyn loses his deputy; No ship to Red Sea; Inside the secret CEO school
Read everything that’s happened in the news so far today.
CBA’s Matt Comyn loses his right-hand man, the meticulous David Cohen
Over 15 years at the bank, David Cohen has seen it all. On his retirement, he provides a potted history of CBA’s numerous troubles and its transformation.
- James Eyers
- Opinion
- Chanticleer
AI is a two-speed conversation inside companies
CEOs are exploring all sorts of ways to use artificial intelligence. Their workers, however, feel unprepared for changes.
- Anthony Macdonald
ACCC wants switching banks to be as easy as ditching mobile providers
Gina Cass-Gottlieb’s ACCC deposit inquiry calls for Australia to introduce an account switching service like the ones that operate in Britain and the Netherlands.
- James Eyers
Shaw and Partners launch Gentrack block trade
The deal was priced at $5.97 apiece, a 5 per cent discount to the last close and a far cry from the $2.50 share price this time last year.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Private equity
Pemba Capital snares stake in Rennie Advisory consulting business
The private equity firm will take 40 per cent of the founder-led business, which has aspirations of growing from 40 to 300 staff in four years.
- Aaron Weinman
‘Staggering’ tech returns to lift super balances 8.8pc
The superannuation savings of many Australians are forecast to grow by 8.8 per cent for 2023, an unexpectedly good result driven by strong markets that will mostly erase the losses of last year.
- Hannah Wootton
Cyclone insurance back-up scheme likely off-limits for Qld floods
Insurance companies are unlikely to be able to access a Commonwealth reinsurance project to offset costs of paying out victims of the North Queensland flooding, which could lead to a rise in premiums.
- Updated
- Liam Walsh
Advisory roles shift gears at Perpetual, Luminis scores broader role
Street Talk understands Luminis Partners’ role at the $2.9 billion financial services player has widened out to include broader advisory remit.
- Sarah Thompson, Kanika Sood and Emma Rapaport
