AAP Finance

ASIC to publicly quiz banks over lending

The big banks will have more public hearings to contend with after the corporate regulator flagged plans to grill them over their lending practices.

AAP Newswire

2 hours ago

Finance

Scentre sells Sydney CBD towers for $1.5bn

Scentre Group has sold three of its Sydney CBD office towers for $1.52 billion and has announced plans for a $800 million share buyback program.

AAP Newswire

4 hours ago

Finance

CBA forced to review data protections

Commonwealth Bank is reviewing how it handles customer data as part of its response to losing records for nearly 20 million accounts in 2016.

AAP Newswire

5 hours ago

Finance

CBA forced to review data protections

Commonwealth Bank is reviewing how it handles customer data as part of its response to losing records for nearly 20 million accounts in 2016.

AAP Newswire

5 hours ago

Finance

Wealth climbs, but so does mortgage debt

Plummeting house prices meant Australians’ mortgage debt continued to grow faster than the value of real estate assets during the March quarter.

AAP Newswire

6 hours ago

Finance

Freedom begins licence cancellation

Freedom Insurance Group has commenced the cancellation process of its Australian Financial Services Licences as part of its exit from all operating businesses.

AAP Newswire

7 hours ago

Finance

Investec to open Australian bank branch

Investec has announced it will open a local branch following its successful application to operate as a foreign authorised deposit-taking institution.

AAP Newswire

7 hours ago

Finance

ACCC appeals court’s Acacia Ridge decision

The ACCC has appealed against the Federal Court’s decision to allow rail operator Pacific National’s acquisition of Aurizon’s Acacia Ridge Terminal.

AAP Newswire

8 hours ago

Finance

Ex-Telstra CEO Thodey joins Xero board

Accounting software firm Xero has appointed David Thodey to its board.

AAP Newswire

8 hours ago

Finance

Rio Tinto director Dame Moya steps down

Dame Moya Greene will step down as a non-executive director of mining giant Rio Tinto with immediate effect.

AAP Newswire

9 hours ago

Finance

Sonic selling stake in German lab tech GLP

Sonic Healthcare is selling its 85 per cent stake in German lab tech firm GLP Systems for about $130 million.

AAP Newswire

9 hours ago

Finance

Higher iron ore, oil prices propel ASX

The Australian share market has closed up 26 points despite much of the property sector trading ex-dividend.

AAP Newswire

11 hours ago

Finance

Mutuals buoyant but need ‘elevator pitch’

Members of mutuals and co-ops need to hone their “elevator pitch” if the concept is to harness the momentum created by new federal laws.

AAP Newswire

26 Jun 2019

Finance

AMP hit with fresh lawsuit over super fees

AMP says it will vigorously defend itself against fresh allegations it gouged more than two million investors excessive fees on their super accounts.

AAP Newswire

26 Jun 2019

Finance

Neobank 86 400 CEO: ‘banking is broken’

The chief executive of neobank 86 400 will be launching later this year after a “massive” process of obtaining a banking license.

AAP Newswire

26 Jun 2019

Finance

CSR says it shows confidence through capex

CSR chairman John Gillam says the building products supplier’s capital expenditure program shows confidence in Australia’s construction industry.

AAP Newswire

26 Jun 2019

Finance

Afterpay may cancel share purchase plan

Afterpay Touch may cancel a $30 million share purchase plan once a probe into its anti-money laundering and terrorism financing compliance is completed.

AAP Newswire

26 Jun 2019

Finance

Rising costs milk Fonterra’s Aussie output

Fonterra’s milk production in Australia fell by 13.7 per cent in April from a year earlier, due to rising input costs and continued farm exits in key regions.

AAP Newswire

26 Jun 2019