Royal commission bank reforms delayed
Regulators have warned banks must ensure they are ready for new banker accountability laws by June 30, extending the deadline by over two months.
Regulators have warned banks must ensure they are ready for new banker accountability laws by June 30, extending the deadline by over two months.
Super funds and their members don’t know what they want in retirement, a new study has found, if they did, collectively $145bn more would be in guaranteed income products.
Australia’s big banks are holding on to $6bn in excess provisions for bad loans, but the economy’s resilience means this money may never be used and could instead be booked as profit.
CBA’s string of scandals in the early 2010s makes Qantas’ current reputational issues look like minor turbulence. Half a decade later, CBA has emerged strong.
Australian banks are sailing through the sharpest interest rate increases in generations, according to APRA chairman John Lonsdale.
Perpetual chief executive Rob Adams has revealed a net $4.3bn in customer funds exited the business during a torrid quarter.
The February reporting season will put high-flying share prices to the test, with investors anticipating flat interim earnings growth amid a soft economic landing.
The ACCC will produce an interim report on supermarket pricing later this year before its final report in 2025.
The Albanese government has directed the consumer watchdog to conduct a 12-month price inquiry into the supermarket industry – which is under pressure over price gouging.
Anthony Albanese’s changes to legislated stage three tax cuts are the ‘death knell for tax reform’, the head of one of the biggest business groups says.
Original URL: https://www.theaustralian.com.au/author/paulina-duran/page/8