Have they learnt nothing? Former ACCC chair lashes ANZ hierarchy
Former ACCC chair Graeme Samuel says allegations ANZ took fees from accounts of dead customers suggest the bank learnt nothing from the Hayne royal commission’s findings.
Companies
Economy’s in ‘reasonable’ shape but customers hurting: NAB
The boss of one of Australia’s largest banks says the Australian economy is OK and businesses are optimistic but he concedes many customers are being hammered by restrictive interest rates.
Corporate chiefs back AI to boost business
After a year of using AI tools to improve operational efficiency, top CEOs say they’re heading into the new year working out how generative AI can more broadly benefit their businesses.
Insignia knocks back Bain approach
Insignia Financial has rejected Bain Capital’s $2.7bn takeover offer, described by its largest shareholder as “highly opportunistic”.
It’s unfathomable ANZ didn’t halt charging fees to dead customers
The royal commission’s findings should have served as a wakeup call but in reality, at ANZ while the bank’s top brass said all the right things, they didn’t adequately heed the warning.
Circular economy could return billions with the right action
Australia can add $26bn to the economy over the next decade if it embraces circular economy principles, but there’s still plenty of work to do.
Losing one client can send us to the wall, say SMEs
A twice yearly survey of Australian small businesses has painted a disturbing picture in which almost 30 per cent say they are at risk of insolvency.
In their own words: top CEOs answer the big questions
From the economy, geopolitics to even working from home, see what Australia’s business leaders told the CEO Survey 2025.
The worrying warning sign behind Chalmers’ budget update
The commodity super-cycle is rapidly coming to an end, and Australia’s finances are nowhere near ready for this moment.
Star exodus continues as deputy company secretary quits
Troubled Star Entertainment has lost another executive as financial troubles blight the future prospects of the casino giant.
Insignia Financial to relaunch the MLC brand in 2025
MLC will be rebooted in 2025 under its owner, ASX-listed wealth management company Insignia Financial, which only weeks ago completed the brand’s separation from NAB.
ANZ in more strife: watchdog probes ‘fee theft’ from dead people
ANZ is again in the corporate regulator’s sights – this time over allegations it incorrectly slugged dead customers’ accounts with fees and failed to fix glaring system deficiencies.
Ex-Nine CEO is the media change agent the ABC needs
If former Nine boss Hugh Marks can manage the ABC’s cultural maze, the broadcaster will emerge as an entirely different organisation.
Legal action considered over SkyCity’s money laundering
A litigation funder is considering bringing a legal action against former SkyCity directors and executives over breaches of money laundering laws at the Adelaide Casino.
Austrac hits Ladbrokes parent over money laundering breach claims
Financial crimes regulator Austrac is taking Federal Court action against Entain Group for alleged breaches of anti-money laundering and counter-terrorism financing laws.
Dollar’s wild ride shows risks of playing with RBA fire
Jim Chalmers’ big shake-up of the central bank is a convenient distraction but unlikely to change the path of interest rates.
Minister’s private hospital forum a ‘dud’, peak group says
The government’s latest attempt to shore up the ailing private hospital sector is a ‘dud’ that will do nothing to prevent further closures, the sector’s peak group says.
Anthony Pratt to kickstart $6bn American manufacturing dream
The Australian billionaire is back in favour with incoming US president Donald Trump, whose policies are set to help lift Pratt Industries to its highest ever levels.
Viterra drops bid to buy South Australian grain handling sites
Viterra has dropped a bid to buy five grain handling sites across SA and Victoria from GrainFlow, after the date for a decision by the competition regulator was pushed back.
Nyrstar cops large write down against Australian smelting assets
Nyrstar has written down its Australian smelting assets at Port Pirie and Hobart by more than $450m, while a Mongolian fraud cost its parent Trafigura more than $US1bn.
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