Business
Banking & finance
Major bank boss’ pay could be linked to climate targets
Amid government promises to slash carbon emissions, investors are turning up the heat on banks over how they are handling climate risks.
- by Clancy Yeates
Latest
‘Crazier than dot-com era’: Charlie Munger lashes crypto, wary of booming markets
Warren Buffett’s 97-year-old right-hand man says the current investing climate is more volatile than the dot-com bubble two decades ago, as he dismissed the surge in cryptocurrencies, saying he would never own one.
- by Clancy Yeates and Colin Kruger
Afterpay takeover vote delayed as it waits on Spanish bank
One of the final hurdles facing the biggest takeover in Australian history is being postponed, at the same time as Afterpay’s suitor said it would change its name.
- by Clancy Yeates
Opinion
Government debt
It’s five to midnight, again: US debt drama isn’t good for America, or the rest of us
The US government will run out of money on Saturday unless a last-minute deal on the debt ceiling is struck. It says a lot about the state of US politics and the challenges Joe Biden faces in trying to implement his agenda.
- by Stephen Bartholomeusz
Former RBA governor Glenn Stevens to chair Macquarie Group
Glenn Stevens, who was in charge of the RBA between 2006 and 2016, will replace current Macquarie chairman Peter Warne next year.
- by Clancy Yeates
Colonial First State on hunt for super fund deals as KKR takes control
Colonial’s executive chairman Rob Coombe pledges an extra $430 million in investment, and says the private-equity-backed wealth manager is open to buying other funds.
- by Clancy Yeates
Updated
Hayne fallout
Westpac’s King vows to ‘stay the course’ as bank faces $113m in fines
Westpac chief executive Peter King has vowed to deal with widespread compliance problems by pushing ahead with a cultural overhaul.
- by Clancy Yeates
Opinion
Big four
Charging the dead: Why Westpac raised the white flag with ASIC
The deal allows the regulator to notch up a handy win, polish its star and brandish its credentials as a results-regulator - all while saving money.
- by Elizabeth Knight
Opinion
Cryptocurrencies
Disrupting the disrupters: The race to mainstream the $3.6tr crypto universe
Having reluctantly accepted crypto assets are here to stay, the financial establishment is in a rush to regulate cryptocurrencies. While this will horrify some in the crypto community, there could be a big payoff for investors.
- by Stephen Bartholomeusz
APRA rules to target higher risk loans
Banks will be required to set aside more capital for higher risk interest-only and investor mortgage under long-planned changes to the capital framework.
- by Clancy Yeates
Exclusive
Banking products
Westpac eyes faster approvals to combat fintech threat
One of Westpac’s most senior bankers, Chris de Bruin, says a technology overhaul will further cut approval times across the bank.
- by Clancy Yeates