Business
Banking & finance
Banks to refund millions in fees to more than 700,000 customers
The regulator is forcing banks to cough up more refunds to customers who were in high-fee bank accounts despite being eligible for cheaper products.
- by Clancy Yeates
Latest
Analysis
Billionaires
The Gen Z billionaires who are bored with business
Some of India’s most successful tycoons have a problem. Their children don’t want to take over.
- by Andy Mukherjee
Updated
Executive pay
Macquarie Group cops historic backlash on executive pay
The investment banking giant’s chairman Glenn Stevens has conceded that a lot of investors feel the board had not done enough to adjust pay.
- by Clancy Yeates
Opinion
Executive pay
Macquarie’s day of reckoning: Millionaires’ factory shareholders draw the line
In a humiliating first strike, management has been reminded that in achieving its objectives, executives also need to colour within the lines.
- by Elizabeth Knight
Opinion
Big four
Nowhere to hide for NAB boss after drinking accusations
Banking circles have been awash with personal views and informal “wine” audits by shareholders and analysts after the accusations levelled at Andrew Irvine.
- by Elizabeth Knight
Updated
Big four
NAB boss hasn’t engaged with board after ‘difficult’ week
NAB boss Andrew Irvine has made his first public comments since it was reported that investors had raised concerns about his management style and drinking at customer events.
- by Clancy Yeates
Drawn-out battle ends with $3.3 billion takeover deal
The owner of MLC has agreed to a takeover from overseas private equity investors seeking exposure to the $4.2 trillion superannuation pool.
- by Clancy Yeates
‘UK’s gone to hell’: Billionaire puts $500 million London mansion up for sale
A billionaire shipping tycoon is selling his 300-year-old Chelsea manor after fleeing Britain.
- by Michael Bow
Opinion
Big four
NAB runs into a governance bin fire with a boozy accelerant
Shareholders airing their grievances about executive behaviour is pretty unusual. And for institutional investors to draw attention to a chief executive’s drinking as a red flag is even rarer.
- by Elizabeth Knight
Opinion
Interest rates
A rate cut could be on the way. That could be a problem
Rather than go out and spend more, many households are using interest rate cuts to pay off debt faster. That suggests the central bank has more work to do.
- by Clancy Yeates
What is Trump’s net worth? Here’s what we know and can’t know
Trump’s wealth has soared in the early months of his second term, but exact figures remain a mystery.
- by Ben Protess, Andrea Fuller and David Yaffe-Bellany
Original URL: https://www.smh.com.au/business/banking-and-finance