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Joyce MoullakisThe Australian |
It’s an extraordinary chain of events at non-bank lender Humm and raises questions about whether the chaotic board can continue to function at all.
Many funds don’t provide sufficient information to investors about the underlying loan investments – which is good practice 101 – and...
Measures taken by the group, which has form in downturns, suggest new boss Greg Ward may want optionality should a large opportunity present itself.
While there’s no cause for alarm yet, credit quality will get worse from here. But it’s fortuitous that APRA conducted a sweeping review of...
The fallout will ripple through the economy as players shut stores, are picked off by opportunistic buyers or decide it’s too difficult to keep...
There’s no respite for the Craig Scroggie-led company as an upcoming vote on a generous remuneration structure for executives is set to go down to...
Muddying the waters are conflicts and varying reports about how much indicative demand there was, while few investor updates were sent when demand...
They retreated from wealth as a group, after piling in like lemmings more than two decades ago. This time round they are rightly treading more...
There’s no time for dilly-dallying after ASIC brings together big names from Virgin, AGL and Betashares, the market needs a firm plan to attract...
Daiichi’s bid to extract the annuities company from the ASX has some way to play out because investors want a bid of at least $13 per share, or $8.7...
Short interest in ASX 300 companies is almost three times levels experienced during the pandemic – and this time it stretches well beyond the big...
Alarm bells should go off that the firm’s staff and clients had invested more than $300 million in the data centre developer ahead of its aborted...
After four decades and billions of dollars, those behind Sydney’s new airport can’t afford for it to become peripheral.
JPMorgan filters out external artificial intelligence as warnings come about the risk from such agents that now generate more than 57 per cent of web...
As Greg Ward prepares to take over as CEO, the group’s evolution has seen it restructure its principal investment unit and offload its aircraft...
Cbus and Schroders are among those privately raising concerns, but it will be interesting to see whether those against the deal have enough sway to...
The exchange might also try to use the capped fee strategy and a listing rule review to re-engage with mega listing prospects such as Canva and Rokt.
Just days after the mooted float, ASIC will host a roundtable aimed at boosting market resilience and the nation’s attractiveness as a listing...
The pressures buffeting active fund managers across the country over the past three years have clearly taken their toll on the founder and his...
Banks are aggressively targeting business loans this year because they have fatter net interest margins than mortgages, making them more valuable to...
Warburg Pincus hasn’t declared its third offer final, meaning there may be scope for the American giant to ratchet up the bid with the benefit of...
There’s a trade-off as institutions seek to benefit from AI while also protecting data and the financial system from incidents that could trigger...
The head of the SME unit has presided over risk control issues for years, and it doesn’t appear he’s done much at all to help to fix the culture.
Hiring an external chief investment officer is a trend that is gaining traction overseas, but it does not come without risks.
Firmus is heading towards the ASX in the biggest float in a generation, and yet a massive wave of M&A is quickly running down options for equities...
It’s the biggest shake-up in the market for more than 20 years, and if current trends persist, big banks are facing hefty declines in credit card...
The former accountant is forensically assessing the structure of key divisions, including whether the group’s tech spend is being deployed...
Cettire’s latest fall from grace, from a peak market capitalisation of $2 billion, comes as rusted-on investor Regal Partners rushes for the exits.
It’s a significant competitive move by the two majors, mainly because the UK bank’s prevailing home loan interest rates are below theirs.
The bank’s track record on making windfall gains on equity investments is somewhat mixed, but lately Matt Comyn’s bets have been paying off.
Bendigo Bank is grappling with claims that insiders were involved in laundering funds in its network, as other banks fight hard against a scourge in...
Investor updates have come thick and fast with use cases and potential productivity benefits of AI, but few companies gave meaningful insights or...
Whether it’s trading shares in Sandisk or SpaceX, the trend is moving full-throttle, and investors are paying close attention.
The group is performing incredibly well, but still has plenty of regulatory spot fires to hose down. That includes a long-running trading saga in...
The government, which will receive a report from Treasury soon, should tackle the issues confronting Australia’s financial markets and infrastructure.
The David Di Pilla-backed group parted ways with Michael Juniper in late June, making his tenure among the shortest ever stints served by a listed...
Shemara Wikramanayake has done a stellar job of growing earnings, but that has come at the expense of robust risk management and accountability.
The threats of mortgage pricing wars kicking off and business loan losses spiking come as volatile oil prices, slower growth and higher rates bite.
His company, which once managed $14 billion, is being ravaged by underperformance and is also dealing with high staff turnover and external forces.
Amid the battle for customer savings, the Nuno Matos-led lender was an outlier among its main rivals, losing ground in market share for households.
The integrity of bank lending processes is under attack from networks of fraudsters. It’s time to toughen up document and income verification...
Some employees have told Humm directors that unless their division is sold or put up for auction, there is a serious risk the group will leave to join...
The value of high net worth customers has almost hit $1.7 trillion, and bankers and advisors are waging war to secure their slice of a very lucrative...
The investment bank’s dealmakers are expected to embark on several acquisitions over the next 12 months, while the fund manager’s staff brace for...
Melbourne appears to be getting an edge over its northern rival. But other cities are pitching hard too and the backlash about energy and water...
There are several chief executive turnaround jobs in the Australian market right now and Anthony Attia might just have the toughest of the lot.
While much of the commentary about artificial intelligence is bullish and huge debt packages are being secured, bear cases are emerging from...
Which Westpac division is suffering from gaps in controls, high levels of breaches of credit approval limits, banker churn, and poor monitoring of...
Indicative bids for the group, which houses and administers about $177 billion, are largely in and the process now enters a period of detailed due...
As we’ve seen at CSL and Orora, large-scale deals are fraught with risk and too often become value-destroying to the tune of billions of dollars.
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