CBA offering no interest payment card
CBA joins NAB with no interest payment card to bring in young spenders trying to minimise debt.
Financial Services
No systemic misconduct: AMP
Francesco De Ferrari has vowed there is not a systemic misconduct issue at the wealth group, despite recent scandals.
PayPal entry changes the BNPL game: UBS
PayPal’s entry to the buy now, pay later sector is a significant turning point, says UBS analyst Tom Beadle.
38,000 have wiped out super, says fund
38,000 members of one industry super fund have totally emptied their accounts through the early access scheme, a parliamentary committee has heard.
PNG’s Kina Securities raises for growth
ASX-listed PNG wealth manager Kina Securities’ $91m raising comes as Westpac is set to close its Pacific banking operations.
NAB launches zero interest credit card
NAB is taking the fight to buy now, pay later operators with the launch of a credit card targeting younger shoppers.
Geoff Wilson on the hunt
Fund manager Geoff Wilson expects a new wave of consolidation to hit listed investment companies in the coming year.
State hacking on the rise: Rogers
China is using hacking to boost its economic and technological edge, warns former director of the US National Security Agency.
QBE chief exits with $310,000 goodbye
QBE has limited former CEO Pat Regan’s exit pay to $310,000 following his departure over inappropriate behaviour.
NAB, Westpac face coal grilling
The banks are set for interrogation over their coal exclusion policies, after participating in Whitehaven’s $1bn debt facility.
AMP quietly hires culture expert
Oliver Wyman is in the hot seat to assist the Debra Hazelton-led board after several executive conduct scandals.
Suncorp shuts 19 branches on less demand
More customers were now banking online or by phone and affected staff could work at call centres, Suncorp said.
Blue Sky votes to let Wilson take over
Geoff Wilson expands his empire after shareholders agreed to let the Sydney fund manager put it out of its misery.
QBE’s board playing catch-up
QBE’s board got its CEO exit pay right, but filling the job is a task it has already dropped the ball on.
Construction sector looking shaky: Cbus
Cbus chief investment officer Kristian Fok has flagged the prospect of long-term damage to the construction sector from an extended lockdown in Victoria.
Ken Rosewall wins more time on BBY defence
Liquidators are pursuing funds returned to tennis great Ken Rosewall ahead of the collapse of stockbroker BBY.
BNPL dragging Aussies into ‘financial trouble’
More than half of buy now, pay later users surveyed said these platforms caused them to impulse spend.
ASIC clears former AMP boss Meller
Former AMP CEO Craig Meller joins others cleared by ASIC of wrongdoing linked to revelations at the Hayne royal commission.
Brokers ‘delay Covid claims’
Some business interruption insurance policyholders may be running out of time to make a claim, with many policies allowing for only 30 days.
Audit firms keep up graduates numbers
EY is the only firm not to make redundancies, but it will cut is graduate intake by 10-15 per cent.
Bendigo Bank scraps exec bonuses
CEO Marnie Baker says short-term bonuses are incompatible with the bank’s strategy and risk poor culture and behaviour.
Magellan back above the $100bn mark
Magellan has topped $100bn in funds under management for the first time since the Covid crisis sent markets into a tailspin.
Some suburbs need 20pct home deposit: ANZ
ANZ will apply tighter lending criteria that will hit some of the nation’s postcodes where property prices are expected to drop.
Banks’ delayed repayments put on the line
Business and mortgage customers will soon be having an uncomfortable conversation with their bank about whether they are able to restart repayments.
Why QBE had to cut short CEO’s tenure
Former QBE Insurance chief executive Pat Regan is described as “ultra-competitive” and at times displays an aggressive leadership style.
Buy now, pay later fees are too high: CBA’s Comyn
The merchant fees that buy now, pay later platforms charge retailers are not sustainable.
Banks warn of ‘grinding’ recovery from pandemic
Two of the nation’s big four banks are predicting house prices will fall in a range of 10-15 per cent
Might be time to sell, says CBA chief
CBA CEO Matt Comyn says now might be the time for some property investors to sell assets to cover looming debts.
Malaysia drops 1MDB charges against Goldman
Malaysia dismisses charges against Goldman Sachs after a $US3.9bn settlement over its alleged role in the 1MDB scandal.
House prices to drop up to 15%: ANZ
House prices will fall up to 15% as the economy grinds out a recovery into 2022, but not before a big test for the banks mid-next year, ANZ chief says.
Original URL: https://www.theaustralian.com.au/business/financial-services/page/195