Business
Banking & finance
$14b super fund misled investors by greenwashing, court finds
Active Super deceived investors when it claimed it had restricted members’ exposure to gambling, coal and Russian companies, the Federal Court ruled.
- by Sumeyya Ilanbey
Latest
Afterpay co-founder points to Gen Z, Millennials’ growing economic clout
The cost-of-living crisis has fuelled greater demand for buy now, pay later products – especially from younger Australians – says Block executive Nick Molnar.
- by Clancy Yeates
Downsizing not on the radar for most retirees: AMP
Many retirees are concerned about running out of savings, while also wanting to help their kids. But a new survey suggests most don’t want to respond by downsizing the family home.
- by Clancy Yeates
From mortgage checks to scam-busting: How your bank is using AI
Banking giants have plans for artificial intelligence that go much further than the often clunky chatbots used to answer customer queries.Â
- by Clancy Yeates
Opinion
G7 summit
Named and shamed: The West just turned up the heat on China and Russia
It was an eventful meeting of some of the world’s leading finance ministers at a resort town in Italy.
- by Stephen Bartholomeusz
Opinion
Interest rates
The first question I’m asked when people find out where I work
No matter the situation, time of day or location, the first question I’m asked when people discover I work in finance is invariably the same.
- by Jaki Virtue
Should Australia have a new taxpayer-owned bank?
A Nationals-led Senate inquiry into bank branch closures has urged the government to investigate the establishment of a bank owned by taxpayers.
- by Clancy Yeates
‘Ivan the Terrible’: The rise and fall of a notorious Wall Street titan
Ivan Boesky, who rose to fame and fortune before heading to jail, was believed to have been the model for Wall Street’s Gordon Gekko, one of Hollywood’s most memorable villains.
- by Greg Farrell
Banks not doing enough to help struggling borrowers, says ASIC
As the number of customers falling behind on their repayments rises, the watchdog says too many people in hardship are finding it hard to get help.
- by Clancy Yeates
Opinion
Investing
Decline of 138-year-old wealth icon shows bigger isn’t always better
Gobbling up other fund managers wasn’t enough to shield Perpetual from the headwind buffeting stock pickers.
- by Clancy Yeates
‘I still hate the man’: Wall Street’s billionaires can’t resist Trump
When President Donald Trump lost the 2020 election to Joe Biden, some of Wall Street’s biggest names swore they were moving on from him for good. Times have changed.
- by Rob Copeland