Super ‘on its way back to single digit returns this year’
Top super funds have delivered their third best returns of the past decade but don’t expect a repeat performance this year, the sector’s investors say.
Financial Services
We hope you’re ready or it will be costly, say insurers
The insurance industry says homeowners should have used two ‘benign’ years to make their homes resilient against floods and fires, because if they haven’t then 2025 could be very expensive.
Why California’s insurance chaos won’t happen here
Devastating fires on the US west coast have shown the stark difference between American and Australian insurance.
If bitcoin’s good enough for AMP then should you get into it?
Now that one of the nation’s best-known financial services companies has bought into cryptocurrency, is it time you also take the plunge?
Brookfield mulls a tilt at wealth group Insignia
Global investment giant Brookfield is considering lighting the fuse on a bidding war by making an offer for Insignia, which is already assessing CC Capital Partners’ pitch, sources say.
Meta rebuffs banks’ call for help on scam pages
The Australian Banking Association has called for changes to mooted anti-scam laws, singling out social media platforms for failing to stop criminal operators.
Burning cash: Star’s future can be counted in months
New boss Steve McCann has his work cut out to come up with a deal to save the casino. But he is fast running out of options.
Are we there yet? Howard Marks revisits bubble.com warning
A quarter of a century after predicting the dot.com crash, influential US billionaire investor Howard Marks sees some worrying signs returning to shares.
Lucrative times as investment bankers learn of their bonuses
Local investment banking’s most important period of the year has started and Morgan Stanley’s money men and women have learnt what extra funds their pay packets will contain.
CBA gave regulators no notice of cash access costs
Searches at ASIC and APRA have shown no record of CBA telling the regulators it was preparing to push customers to accounts requiring them to pay $3 to access cash at branches.
Ex-rugby star jumps at Centuria Bass role
Former Wallaby lock David Giffin has parlayed 20 years experience in the finance sector with a new job as a growing real estate player’s non-bank lender.
Behind Nvidia’s plan to control the new industrial revolution
Jensen Huang is betting Nvidia’s future is far bigger than the chips powering today’s AI boom.
Swan accused of giving misleading Cbus evidence to Senate
Liberal senator Andrew Bragg has accused Cbus chair Wayne Swan of providing ‘false or misleading evidence’ during his testimony to the Senate.
IC Markets billionaire to ‘vigorously defend’ against court cases
A little known Australian billionaire is battling a legal action that could cost him hundreds of millions of dollars, while facing separate allegations he berated staff with homosexual slurs.
New bid for Insignia after Bain rejection
The wealth manager’s share price has rocketed after receiving a higher takeover offer from US-based CC Capital Partners.
AI, inflation, cyber threats keep CEOs awake at night
Artificial intelligence, cyber security risks and high inflation are the red flag issues keeping Australian business leaders awake at night, according to KPMG.
US and China increasingly at odds over crypto
The approaching second Donald Trump presidency is widening a schism between the world’s two largest economies over the role of bitcoin as China bans private ownership and the US encourages it.
CBA called Tyme on digital investment too early
It’s the unicorn-sized investment Commonwealth Bank missed out on and likely rues. What does that say about the risk appetite of major Australian banks?
AI saving consultants time and money
Generative AI is easing workloads equating to as many as seven hours a week for some workers in professional services as the technology disruption begins to take shape.
Time ANZ commits to full public release of compliance review
ANZ bank’s board is again shying away from full transparency, and providing to shareholders a sanitised summary of an independent report into governance is not good enough.
Original URL: https://www.theaustralian.com.au/business/financial-services