This Month
People pleasing cost me $32,000. Here are four ways to stop it
Since people pleasing is a personality trait, dialling back your spending requires more than learning the nuts and bolts of money management.
- Juli Fraga and Connie Chang
October
AMP eyes February for long-planned expansion into business banking
The company, which already has a major mortgage loan book, will target start-ups and sole traders as it attempts to find higher margins.
- James Eyers
RBA puts payment industry on notice to protect shops, restaurants
Business groups including those representing the hospitality and convenience sectors worry they will be left wearing the cost of a ban on debit card fees.
- James Eyers and Lucas Baird
July
This private credit fund is going big on companies failing ESG tests
Balmain Corporation said it had considered calling the strategy a “Vulture Series” – but decided naming it after a different bird of prey was more appropriate.
- Primrose Riordan
Bankers seeking their next big pay day are chasing these clients
Investment banks are now after riskier, smaller companies so they can pounce on the spoils of a trophy listing or a huge sale to private equity.
- Aaron Weinman
June
CBA unveils aggressive business banking strategy to take on Macquarie
Among measures outlined by the bank is a plan to target $20 billion in deposits real estate agents hold for renters, a niche dominated by Macquarie.
- Michael Bleby, James Eyers and Lucas Baird
May
Why Bendigo Bank shares are up sharply this month
Bendigo’s senior management briefed analysts and investors on a new four-year strategy, which includes a new lending platform and push into business lending.
- James Eyers
Liontown’s Tim Goyder turns up to thank Jim Chalmers
Heavy hitters wary of party political functions have grown fond of the National Press Club’s Great Hall lunch.
- Myriam Robin
Business loan demand spikes, keeping inflation fears alive
CBA, the country’s largest lender, says a strong labour market is driving “robust” demand from companies, which could push up prices, economists warn.
- James Eyers and Lucas Baird
Macquarie goes after big four’s business lending lunch
The investment bank’s share of small business lending is only 1.7 per cent, but its $15.8 billion book grew by 22 per cent for the year and Macquarie wants more.
- Updated
- James Eyers and Lucas Baird
April
SME lender Capify swaps out Goldman Sachs as funder
Goldman Sachs Private Capital had previously funded Capify with a $135 million facility established in 2019.
- Sarah Thompson, Kanika Sood and Emma Rapaport
March
Where to invest $1m right now
We asked 11 experts where they would invest $1 million to earn serious returns; then we asked them to nominate an indulgence spend.
- Lucy Dean, Joanna Mather and Tom Richardson
CBA’s business bank boss explains why ‘saffers’ can be good CEOs
Mike Vacy-Lyle says his South African upbringing has instilled a can-do attitude and the confidence to take on any competition.
- James Eyers
- Exclusive
- Funding
Former stockbroker, Afterpay alumni raise $16m for fintech start-up
Former Wilsons stockbroker and Australian national swimmer Luke Trickett has raised $16 million for his invoice payments start-up Marmalade.
- Tess Bennett
NAB chases MYOB and Xero with new Bookkeeper software
It is the bank’s first foray into the accounting tools market dominated by the two Australian companies, with its new product aimed at sole trader customers.
- James Eyers
February
Firms fume as Finance hits damage control in pricing email stuff-up
The Finance Department said the confidential pricing it accidentally emailed to 236 consulting firms was old and that bidders didn’t rely on these fees anyway.
- Edmund Tadros, Tom Burton and Ronald Mizen
CBA’s business boss describes Macquarie as a ‘formidable’ competitor
Macquarie’s assault on major banks will force CBA to lift investment, as Mike Vacy-Lyle confirms it will target real estate agents with a new software product.
- James Eyers
Macquarie’s war on big four escalates with business lending assault
Macquarie said it had appetite to deploy its retail banking technology into the business market to grow deposits and lending against CBA and NAB.
- Updated
- James Eyers
January
Judo shares leap, one day after being downgraded from buy to sell
The additional clarity on the 2024 targets has provided some relief to investors, who had watched the shares fall 30 per cent over 2023.
- James Eyers
November 2023
Westpac dips toe back into venture capital, backs AI loan assessor
Sydney-based Rich Data Co has banked $28 million in a Series B round led by the major lender and nCino, a cloud banking provider based in the US.
- Jessica Sier