Business
Banking & finance
Rampant technology sector offers growth in a low yield environment
While many funds are fighting to retain positive returns or bracing for negatives, the tech investors are seeing double digit growth as the world moves online.
- by Charlotte Grieve and Alex Druce
Latest
Coronavirus pandemic
Struggling borrowers will need to consider selling: ANZ
One of ANZ Bank's most senior bankers says some borrowers unable to meet their mortgage payments would need to consider selling their properties in the coming months.
- by Clancy Yeates
Cbus
Media Super and Cbus look to merge as super funds feel squeeze
The super funds representing the media and construction industries have signed a memorandum of understanding to explore a merger.
- by Charlotte Grieve
Fintech
Neobank 86 400 to seek more capital for mortgage push
Neobank 86 400 is launching a new capital raising of more than $34 million aimed at funding its hopes of fast expansion in the critical mortgage market.
- by Clancy Yeates
Coronavirus pandemic
Extended repayment holiday points to a rocky recovery
The banking industry's move to give struggling borrowers more time to repay loans has underlined the risk of a rising tide of bad debts amid weaker economic conditions.
- by Clancy Yeates
Epstein fallout
Deutsche Bank hit with $US150 million fine over links to Jeffrey Epstein
A New York regulator fined the bank for allowing disgraced financier Jeffrey Epstein to make payments to Russian models and withdraw suspicious amounts of cash.
- by Jonathan Stempel, Tom Sims and John O'Donnell
Coronavirus pandemic
Banks throw lifeline to pandemic-hit borrowers to stop financial 'cliff'
Banks will allow people who paused their mortgage payments as an emergency measure to extend their loan deferral by up to four months if needed.
- by Clancy Yeates
Superannuation
AustralianSuper exec warns 'climate laggards' will wither on ASX vine
The chief investment officer of Australia's largest super fund says the pandemic has accelerated a shift to digital that will overhaul the standing of the ASX's biggest players.
- by Charlotte Grieve
Network outage
CBA customers hit by outage affecting payments, app and website
Commonwealth Bank says customers are having problems making payments at the bank's point-of-sale terminals, while the bank's app and website is also affected.
- by Clancy Yeates
Exclusive
Financial planners
AMP executive promoted after fears he would leave firm
Financial services giant AMP promoted a man who has been accused of sexual harassment to one of the most senior positions at the firm due to concerns he could leave to establish a rival operation.
- by Sarah Danckert and Charlotte Grieve
Shares
Polarised market challenges investing rules of thumb, says Pendal
“The paradox that everyone is facing is the disconnect in the economy and the market," says Pendal CEO Emilio Gonzalez.
- by Clancy Yeates