Aussie shares leap higher in rebound rally
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
Banking
One state Aussies are fleeing to
Finance behemoth Commonwealth Bank has released its latest economic health check on the nation and there is one state blowing everyone else away.
Myer’s radical plan is all about Solomon Lew
The billionaire retailer is calling all the shots in Oliva Wirth’s audacious bid for the department store to get bigger.
Aussie workers most burnt-out in the world
One group of Aussie workers are the most burnt-out in the world, alarming results in a new global study reveal.
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Bosses sued over bank’s massive collapse
The collapse of Silicon Valley Bank sent shockwaves around the world and now furious investors are taking their grievances to the courts.
How to ease ‘mortgage cliff’ pain
Nearly 900,000 Aussies could be in for bill shock when their cheap pandemic fixed-rate home loan expires by the end of the year.
The company not even Ahmed Fahour could save
The rock star CEO made a splash by promising to disrupt banking. But his lender had a history of being accident prone.
The red flags behind Frazis’s shock exit from BOQ
Rising tensions over George Frazis’s leadership style, including midnight emails and extravagance for travel and entertainment, became so obvious the board acted to end the stand-off.
CEO succession, tech overhaul on ANZ agenda
ANZ’s board has been developing ‘good internal’ candidates to succeed long-serving CEO Shayne Elliott, with structured evaluation of senior execs already taking place.
Magellan races to stop cash leak turning to flood
The business behind the one-time star stock picker is being valued by investors as though another $40bn in funds is about to walk out of the door.
Westpac chief faces $8bn problem
After securing some easy savings, jobs will be on the line as the big four bank chases its ambitious target.
Rare Lamborghini lands man in court
Debt collectors showed up to seize a rare purple supercar from a Sydney premises last December – but when they got there, things took a strange turn.
Credit rating risk for big banks warns S&P
Improved funding conditions and a strong rebound in the domestic economy from the COVID-19 pandemic are supporting the credit ratings of Australian banks.
Why bank stocks are losing ground
Once the backbone of many portfolios, bank stocks are losing ground amid renewed competition for dividend-hungry investors.
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