Business
Banking & finance
Analysis
Investing
Why a Chinese mega-dam has taken the gloss off CBA’s lofty share price
The two biggest sectors of the ASX moved in opposite directions last month and construction of a 1.2 trillion yuan reservoir in Tibet is part of the reason why.
- by Clancy Yeates
Latest
Westpac targets migrants from cricket nations in $40m sponsorship deal
A rival bank is now the major sponsor of Australia’s men’s and women’s cricket teams after the sport parted ways with Commonwealth Bank.
- by Clancy Yeates
Westpac boss sees case for rate cuts after fall in inflation
The boss of Australia’s second-biggest retail bank says the number of people falling behind on loans is improving, and the lender expects rate cuts.
- by Clancy Yeates
‘Do the right thing’: ASIC raises pressure on CBA over refund refusal
The corporate regulator has invoked the “pub test” and warned it could consider legal action as it urges the country’s biggest bank to refund “excessive” fees.
- by Clancy Yeates
Banks to refund millions in fees to more than 700,000 customers
The regulator is forcing banks to cough up more refunds to customers who were in high-fee bank accounts despite being eligible for cheaper products.
- by Clancy Yeates
Analysis
Billionaires
The Gen Z billionaires who are bored with business
Some of India’s most successful tycoons have a problem. Their children don’t want to take over.
- by Andy Mukherjee
Updated
Executive pay
Macquarie Group cops historic backlash on executive pay
The investment banking giant’s chairman Glenn Stevens has conceded that a lot of investors feel the board had not done enough to adjust pay.
- by Clancy Yeates
Opinion
Executive pay
Macquarie’s day of reckoning: Millionaires’ factory shareholders draw the line
In a humiliating first strike, management has been reminded that in achieving its objectives, executives also need to colour within the lines.
- by Elizabeth Knight
Opinion
Big four
Nowhere to hide for NAB boss after drinking accusations
Banking circles have been awash with personal views and informal “wine” audits by shareholders and analysts after the accusations levelled at Andrew Irvine.
- by Elizabeth Knight
Updated
Big four
NAB boss hasn’t engaged with board after ‘difficult’ week
NAB boss Andrew Irvine has made his first public comments since it was reported that investors had raised concerns about his management style and drinking at customer events.
- by Clancy Yeates
Drawn-out battle ends with $3.3 billion takeover deal
The owner of MLC has agreed to a takeover from overseas private equity investors seeking exposure to the $4.2 trillion superannuation pool.
- by Clancy Yeates