Singaporeans spend $200m on Australian private credit platform
Global real asset manager CapitaLand Investment will expand its presence in Australia after buying the Wingate property and corporate credit investment management businesses.
Financial Services
Why the fight against scams just got serious
All banks are now on the hook as the corporate regulator asks ‘how much is enough’ when it comes to protecting customers.
Inside new Westpac CEO’s plan to rebuild the bank
Taking the reins of Westpac on Monday, one of Anthony Miller’s first tasks will be to visit call centre staff – who are the eyes and ears of the banking giant and hear exactly how customers feel.
Day one in the job and Westpac’s new boss prioritises simplicity
New Westpac chief executive Anthony Miller has prioritised technology in order to simplify the bank’s business and says a national effort’s needed to help Australians buy a home.
Jury’s out on benefits of super funds’ internal management
Is the huge drive by many of the nation’s industry superannuation funds to bring investment management of shares and other assets in-house working for members?
Westpac boss concedes more climate action needed
Westpac’s outgoing chief has told investors more needed to be done to tackle climate change as a coalition of shareholders demanded action at the AGM.
The financial abuse ‘epidemic’ and how it’s affecting SMSFs
A report exposing the failure to protect the vulnerable from financial abuse comes as the government seeks tighter regulations but prepares to unleash new advisers within super funds.
The signs of recovery are promising: ANZ CEO
Outgoing banking boss Shayne Elliott says we may have passed the worst but risks remain in the outlook.
Impending merger rule changes to bring on a flurry of deals
The impending tightening of the ACCC’s merger approval regime will trigger the fast-tracking of deal announcements in 2025, says Rothschild & Co Australia.
Epic inflation fight ‘far from over’
The nation’s biggest poll of business leaders comes with a pointed warning for both sides of politics heading into an election year.
Resolution Life slams domestic insurance policy
Resolution Life founder Sir Clive Cowdery has lashed out at Australian policymakers for creating a ‘very constrained’ life insurance sector.
‘Huge step’: Local impact of $13bn Japanese life insurance play
The MLC brand of life insurance in Australia will disappear after 130 years and a new one with almost two million customers will enter the local market as Japanese players chase profitable sectors.
Why this young KPMG partner has stars in her eyes
Queenslander Jessica Rutherford may not exactly be a celebrity but that does not stop her name appearing on the rolling credits at the end of some big Hollywood productions.
Westpac chief audit exec flags plan to exit key role
Westpac’s chief audit executive has flagged his plan to exit the key role, just as the bank ramps up a key technology project and defends a Federal Court case brought by a senior staff member.
ANZ castigated by regulator over ‘longstanding’ risk concerns
APRA in August handed ANZ a to-do list of problems it felt needed addressing and it appears the regulator had grown tired of raising issues with the banking major.
ANZ stock trajectory heads south as CEO pick fails to excite
Analysts say the appointment of an outsider to run ANZ doesn’t address existing problems and risks, and it appears investors feel the same way.
IAG to defend its NRMA brand against ‘loyalty tax’ class action
Insurance giant IAG says it did not mislead customers despite a law firm’s allegations an algorithm was used to increase base premiums on customers least likely to switch insurers.
Insignia to outsource admin as SS&C moves in on Link’s turf
Insignia Financial plans to outsource administration services for its Master Trust business but is hoping to avoid the reputational damage suffered by industry funds by keeping claims in-house.
Tax bill puts Perpetual deal in doubt
Perpetual shares sink as shareholders declare the deal with KKR dead following ATO tax update.
The ups and downs of Shayne Elliott’s long reign
When celebrating the bank’s 50th anniversary of operating in Singapore in October, outgoing CEO Shayne Elliott quipped that he was proud to be part of ANZ, ‘warts and all’.
Original URL: https://www.theaustralian.com.au/business/financial-services/page/4