This Month
Corporate France bids adieu to Macron’s pro-business agenda
Many business leaders are relieved to see extremes neutralised, but political gridlock and the rise of the left has sparked concern.
- Anne-Sylvaine Chassany, Adrienne Klasa, Leila Abboud and Sarah White
JPMorgan’s Kolanovic to exit amid string of poor stock calls
The Wall Street firm’s chief global market strategist and co-head of global research is leaving the bank, according to an internal memo obtained by Bloomberg.
- Alexandra Semenova
- Opinion
- The AFR View
Power price inflation risk for RBA and Labor
Australia’s green energy superpower hope is cheap and clean power. The near-term reality is higher than expected electricity prices to the end of the decade.
- The AFR View
June
How this Australian banker thrived on Wall Street for 30 years
Queenslander Paul Compton, who started a job at Jamie Dimon’s JP Morgan in 2007, knows that the industry can be a rough ride.
- Matthew Cranston
Deutsche Bank nabs macro sales head from rival
Laura Fitzsimmons had been with JPMorgan for more than 12 years, appointed head of Australia rate sales in 2019.
- Sarah Thompson, Kanika Sood and Emma Rapaport
China’s copper glut soars in sign of stuttering economy
Copper inventories in Shanghai warehouses have reached their highest levels since 2020, as manufacturers rein in demand.
- Updated
- Harry Dempsey and Wenjie Ding
- Opinion
- Monetary policy
Fed needs to cut interest rates sooner not later
The delay by the US central bank in easing monetary policy could jeopardise a soft economic landing.
- Mohamed El-Erian
Monster $1.1b block trade in Fortescue; JPMorgan on ticket
A big fund manager sent JPMorgan out to find buyers for a billion-dollar sell-down of Fortescue after the closing bell.
- Sarah Thompson, Kanika Sood and Emma Rapaport
The tallest tales from 50 years of Chanticleer
Movers and shakers from around Australia helped celebrate 50 years of The Australian Financial Review’s revered Chanticleer column. Here are the top tales and anecdotes from each of our past columnists.
- Updated
Bankers sacked for faking work in rise of ‘mouse jigglers’
US banking giant Wells Fargo dismissed members of its wealth and investment management arm after investigating claims that they were pretending to be busy.
- Hannah Levitt
JPMorgan private banker exits after 10-plus years
JPMorgan’s private bank targets individuals with more than $25 million in investible assets.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Global investors pull $60b from ESG funds
Sustainably focused equity funds suffered major cash outflows globally in 2024 because of poor performance and scandals, the first sustained exodus.
- Patrick Temple-West and Will Schmitt
Morgan Stanley Infra wins in MinRes’ $1b pit-to-port haul road auction
The sale price is around $1 billion for the 49 per cent stake, sources said.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Hrdlicka says Virgin Australia is IPO-ready when ‘market reopens’
Speaking in Dubai, Jayne Hrdlicka defended the carrier from market critics who say it is losing share to its larger rival Qantas and budget airline Jetstar.
- Updated
- Ayesha de Kretser
May
- Opinion
- Governance
Business has bigger worries than ESG
One explanation for the seeming decline in discussion about ESG is that it’s something that goes in and out of fashion according to economic conditions.
- John Roskam
Top CEOs turn mute on ESG over backlash fears
Tired of drawing flak from activists on either side of the political spectrum, many CEOs have decided to bottle it up – particularly in the US.
- Updated
- Dasha Afanasieva
ANZ pushes to reverse fine for $2.5b cap raising blunder
The Federal Court ultimately levelled a $900,000 fine against the financial institution for not informing investors about the shortfall.
- Lucas Baird
Jamie Dimon signals his retirement timeline
The chief executive officer of JPMorgan Chase & Co said succession plans at the largest US bank were “well on the way”.
- Updated
- Hannah Levitt
They still hate him, but Wall Street’s big donors turn to Trump
Exasperated with Joe Biden’s policies, top financiers are increasingly on board for a second Trump term despite being alienated during his first presidency.
- Rob Copeland
Macquarie dominated on-market block trades in April; Goldies dips
The investment bank’s transition desk was run off its feet, handling a mammoth growth equities transition valued somewhere between $1 billion and $2 billion.
- Sarah Thompson, Kanika Sood and Emma Rapaport