Business
Banking & finance
NAB says more customers falling behind on mortgages
NAB chief executive Andrew Irvine said cost-of-living pressures and high-interest rates continued to weigh down mortgage holders.
- by Sumeyya Ilanbey
Latest
This child actor became a crypto billionaire. But a big gamble is starting to unravel
He appeared in the 1990s Mighty Ducks movies before building a billion-dollar fortune through crypto. Then he turned his attention to Puerto Rico.
- by David Yaffe-Bellany and Laura N. Pérez Sánchez
Opinion
Earnings season
What’s driving the CBA money machine, and what would a rate cut do?
The biggest company on the ASX is a critical bellwether for the economy. Beneath the bank’s headline $9.8 billion profit, a few points stood out.
- by Clancy Yeates
Updated
Earnings season
CBA chief sees economic rebound as bank posts $9.8b profit
Matt Comyn is expecting some relief for households over the next year after a post-pandemic downturn that has depleted household savings to historic lows.
- by Sumeyya Ilanbey
CBA yearly profit set to fall below $10 billion
Investors are highly anticipating the release on Wednesday of CBA’s full-year results, which are widely seen as a bellwether for the health of the broader economy.
- by Sumeyya Ilanbey
Analysis
Open banking
The fight over $1.5 billion ‘game-changer’ that hasn’t lived up to the hype
When former prime minister Scott Morrison outlined his vision for an ambitious banking policy in 2018, he declared it would be a “revolution” for Australian customers.
- by Clancy Yeates
Directorship cloud over failed mining group involving financier Simon Raftery
An administrator’s report on the group that ran the Wilkie Creek coal mine details the possible involvement of shadow directors in the company’s operation.
- by Anne Hyland
Exclusive
Courts
Bullying claims, death threat at centre of elite Sydney stockbroker’s lawsuit
A legal drama has erupted within the gleaming towers of Barangaroo, where one of Sydney’s slick sharemarket betting agencies is being sued by a former star employee.
- by Andrew Hornery
The ‘unacceptable failure’ that left ANZ red-faced
Investors are assessing the financial implications of probes into ANZ’s markets division, amid allegations of misconduct by traders.
- by Sumeyya Ilanbey
Distressed borrowers seeking to access super to help repay mortgages: AMP
“If you look at our customer base, there is an element of customers and the community doing it really tough,” says AMP chief executive Alexis George.
- by Sumeyya Ilanbey
Rate rises will fail to tame inflation: $140b fund’s investment chief
The investment chief of UniSuper says monetary policy has run its course, and inflicting more pain on squeezed households is not the answer.
- by Clancy Yeates