Business
Banking & finance
Banks unlikely to sting mortgage holders with higher rates than RBA
Bank profit margins are already benefiting from rising interest rates, while returns on most retail term deposits languish well below those offered to bigger investors.
- by Clancy Yeates
Latest
Dealmaker: The man who picks up the phone when the richest Russians call
Babak Dastmaltschi has made billions for Credit Suisse catering to the needs of Russia’s super-rich. Now that lucrative run has come to a sudden standstill.
- by Hugo Miller and Marion Halftermeyer
New ASX chief says long-running tech project remains ‘a top priority’
Helen Lofthouse hopes the ambitious overhaul of its trading services technology will keep encouraging tech companies to list on the exchange.
- by Clancy Yeates
Goldman’s unlimited vacation is a mirage for workaholic bankers
Goldman Sachs’ move to offer senior bankers unlimited time off seemingly marks a step toward a softer side of Wall Street. But there’s policy, and then there’s practice.
- by Matthew Boyle
Opinion
Ethical investing
Why a ‘greenwashing’ crackdown should have come as no surprise
A police raid on Deutsche Bank this week sent shockwaves through the $US30 trillion-plus ESG sector. Everyone should have seen it coming.
- by Stephen Bartholomeusz
Humm’s Abercrombie warns on rising bad debts for former BNPL darlings
The former chairman of consumer finance business Humm, Andrew Abercrombie, has warned loan losses in the struggling buy now, pay later sector will worsen.
- by Clancy Yeates
‘A fragile sector’: Bank bosses warn on construction risks
The chief executives of two of Australia’s biggest banks have underlined the mounting financial risks in the construction sector.
- by Clancy Yeates and Simone Fox Koob
‘Dud deal’: Board stoush over Humm’s $335m sale heats up
A boardroom split within the consumer finance business Humm has deepened, with former chairman Andrew Abercrombie lashing a proposed deal as ‘nothing short of highway robbery.’
- by Clancy Yeates
Opinion
Russia-Ukraine war
The noose around Russia is tightening
If Russia’s currency is any barometer of its economic condition then it would appear that it has weathered the initial storm of the West’s sanctions. Appearances can, however, be deceptive.
- by Stephen Bartholomeusz
ANZ sued by ASIC for overstating credit card balances
The corporate regulator has alleged errors in ANZ Bank’s systems led to more than 165,000 credit card accounts being wrongly charged fees or interest.
- by Clancy Yeates