AusPost turns tables in $1bn battle with big banks
Paul Graham is seizing the moment to keep Australia Post delivering. This time he wants banks to be part of the solution.
Financial Services
From glory days to banking busts
When we go back to 1964, we find a society which has many lessons for contemporary Australia. Robert Gottliebsen looks at events and watershed moments which shaped the business world.
Super funds urged to support South Korea opportunities
Australia’s Chamber of Commerce representative in South Korea is calling for more support from superannuation funds to assist in attracting South Korean investment into Australia.
Canberra decision brightens outlook for advice sector
After hitting rock bottom in recent years the financial advice industry is waking up to competition at the top end and a breakthrough allowing big super to enter the market.
‘Demolish ASIC and start again’: bank whistleblower
Jeff Morris believes a dismantling of the corporate regulator’s structure is required to help lift its enforcement record, as trying to fix the current model won’t solve longstanding issues.
Exposure to US tech stars drives CFS super results
Colonial First State’s impressive double-digit returns for its employer super balanced fund and growth fund will strengthen claims that the group’s fortunes are turning around.
AMP super fund clocks up strong returns
AMP has delivered superannuation returns better than many of its more fancied market rivals and that’s in part thanks to its exposure to US stocks.
Super funds deliver but inflation heightens rates warning
Global interest rates should fall but won’t return to pre-Covid levels because inflation would continue to be ‘sticky’, says AustralianSuper’s Mark Delaney.
Why is the financial advice sector struggling to hire?
The financial advice sector is posting strong returns but it can’t attract new recruits to the industry, so what is the problem?
Aust Super posts ‘solid’ results but misses US tech stock boom
Australia’s largest super fund says its balanced option has posted a ‘solid return’ while acknowledging other super funds with exposure to US tech stocks performed better.
Bendigo Bank stirs up CEO exit season
Bendigo and Adelaide Bank’s CEO appointment has cemented succession planning as a key topic in the sector, fuelling expectations at least two of the big four banks follow suit.
Funds not doing enough to help members
Super funds members ‘deserve better’ in terms of assistance with their retirement strategies, APRA deputy chair Margaret Cole says.
ANZ sanctioned over dead customer accounts
ANZ was called out for the most ‘serious and systemic breaches’ by the Banking Code Compliance Committee, after taking years to stop or refund fees levied to deceased estates.
Bendigo’s board put costs at centre of CEO challenge
Incoming CEO Richard Fennell will need to quickly prove he isn’t just another product of the Bendigo culture that has had greater tolerance for costs than the bank’s investors.
Daring start-up strategy pays off for Hostplus
Super fund Hostplus has made around $1.9bn from an outlay of just $94m on the graphic design company Canva, and insists it wasn’t just a lucky punt.
CBA prepares to take on Wall Street’s biggest banks
The Australian bank has passed a staggering milestone. Can it continue to defy gravity?
NAB scam detection keeps $100m safe
National Australia Bank’s move to payment alerts to its digital payment processes has saved customers from sending more than $100m to potential scammers in the past 15 months.
ViewTrade eyes growth from ‘fertile ground’
Global trading technology group ViewTrade will use Sydney as its regional headquarters to pursue expansion across the Asia Pacific and India.
Howes on board for AMP super challenge
Melinda Howes is facing one of the biggest challenges of her career as she heads up AMP’s superannuation and investments business with assets under management of $54bn.
Benefits and execution of $4.9bn bank deal in spotlight
Approval of ANZ’s $4.9bn takeover of Suncorp Bank will see the buyer add $70bn in loans to its portfolio and start a huge customer retention drive.
Original URL: https://www.theaustralian.com.au/business/financial-services