Today
New Insignia CEO promises profit improvement
Scott Hartley admitted that investors will want to see proof of greater efficiencies and cost savings before they embrace the struggling wealth company again.
- Hannah Wootton
Yesterday
- Breaking
- Big four
CBA to close Bankwest branch network in all-digital push
Commonwealth Bank will shut 45 Bankwest branches and convert another 15 to the mainstream CBA brand.
- Lucas Baird
- Opinion
- Chanticleer
Irritable, down on Sunday nights? Ex-trader demystifies burnout
Former trader Nick Gorman delivers some advice to former colleagues on Citi’s equities desk in Sydney – and it’s pretty simple stuff.
- Anthony Macdonald
32nd storey deemed ‘flood risk’ in insurance farce
A Melbourne apartment 120m above street level, with no ground storage, was denied contents cover because of a “heightened flood risk”.
- Liam Walsh
- Analysis
- Mergers & acquisitions
How banking’s billion-dollar tech arms race sunk the ACCC
Analysis of the Australian Competition Tribunal decision to unblock the $4.9b deal shows it was convinced more scale would help ANZ be a better competitor.
- Lucas Baird and James Eyers
Lex Greensill sues UK government over ‘misuse of private information’
The details of the Australian businessman’s claim against the UK’s Department for Business and Trade have not yet been made public.
- Rafe Uddin and Cynthia O’Murchu
‘Absolutely nonsense’: Super funds slam investment banker pay gaps
Investment banks claim it will take a long time to fix mammoth gender pay gaps, blaming systemic factors, but super funds show it can be done quickly, CEOs say.
- Hannah Wootton
This Month
Capital SMART founder tries to carve out unit from AMA Group
Of note, Vais, Milliner and their backers are expected to team up with a private equity player to bankroll their bid, should they get a look at the books.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ACCC admits defeat on blocking ANZ’s $4.9b takeover of Suncorp’s bank
The competition watchdog says it will not appeal a decision to unblock the deal after a tribunal found it would “not lead” to major changes in the market.
- Lucas Baird, James Eyers and Liam Walsh
US PE giant Thoma Brava keeps tabs on Iress, Jarden on scene
Thoma Bravo, which has about $US134 billion ($206 billion) under management, has enlisted Jarden for advice on a potential tilt.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Byju’s hedge fund ally faces jail time over missing $819m
Lenders accuse William C. Morton of helping an Indian tech firm hide $US533 million, part of a fight between banks and the company founded by Byju Raveendran.
- Steven Church
Dubber mulls equity raising at ‘massive’ discount; UCP on the hook
The raising offer price would need to be pegged at a discount of at least 60 to 70 per cent to the last close of 22¢ a share for it to succeed, fundies said.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Calling the shots in investment banking
Women are underrepresented in client-facing roles, but banks are slowly moving to change the status quo.
- Kanika Sood
Resilience and a leap of faith to advance in banking
Leaders in retail banks point to how progressive the industry is, with shared ambitions in boosting everyone around them.
- Ayesha de Kretser
- Opinion
- Global economy
What Beijing does next could hasten a global recession
China has encouraged what it terms the “new three” growth areas of electric vehicles, batteries and renewable energy. But this strategy poses two huge risks for global markets.
- Karen Maley
UK’s Amber in capital partner hunt for Aussie data centre biz iseek
iseek is the smallest deal to cross Street Talk’s desk in recent weeks, but it should be a beneficiary of surging investor interest in the sector.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Mortgage wars yet to stop CBA shares from marching ahead
Commonwealth Bank hits a new high on the ASX even as 15 analysts covering the stock rate it a “sell” and say it is the most overvalued big bank on the exchange.
- Lucas Baird
Don’t believe the hustle: ‘ASX Wolf’ says he’s actually miserable
On social media, no one is as beautiful or wealthy or happy as they seem. Not least the guy asking you to pay $1000 a year to join his Discord channel.
- Myriam Robin
- Exclusive
- Investment banking
Macquarie lauded embattled Indian tech investment as its scandals grew
In two investor updates last year, the asset manager lauded the profitability of Byju’s even as other backers slashed the value of the embattled education platform.
- Aaron Weinman
Spotlight swings back on TDM Growth Partners
While both businesses have grown, it’s unclear whether backers will see much by way of returns.
- Sarah Thompson, Kanika Sood and Emma Rapaport
