Business
Banking & finance
Is this really my bank calling? Westpac moves to stop impersonation scams
In a bid to foil impersonators, Westpac customers will receive calls via their app that are branded, verified by Optus and show a reason for the call. But will it make a difference?
- by David King
Latest
ANZ fires, suspends traders amid alleged dealing misconduct
ANZ chief Shayne Elliott said the bank’s board is probing the alleged misconduct and would “ensure consequences will be applied to senior executives, both past and present, including myself, where appropriate”.
- by Harry Brumpton
Macquarie affirms bet on green energy shift after ‘soft start’ to year
Macquarie Group boss Shemara Wikramanayake says any change in policies, including under a Trump presidency, won’t derail the long-term green energy transition.
- by Millie Muroi
‘What’s going on here?’: ASIC probes fast-growing private debt markets
The head of Australia’s corporate regulator wants more visibility when it comes to the private credit market, where companies go if the banks won’t lend.
- by Millie Muroi
A $180m deal was meant to rebuild Simon’s fortunes. Six months on, he struggled to scrape together $1m
Wilkie Creek coal mine was meant to revive the fortunes of Simon Raftery’s private credit firm. Instead, he lost colleagues, his house and became entangled in multiple court battles.
- by Anne Hyland
Opinion
Billionaires
$67 million stegosaurus upends the dinosaur hierarchy
A billionaire hedge fund founder has splashed around nine times Sotheby’s presale estimate for a stegosaurus skeleton, making it the most valuable fossil sold at an auction.
- by Chris Bryant
Opinion
Bank fees
Old habits are hard to kick for banks. They’re behaving badly – again
Six years after the royal commission, there are signs of a re-emergence of poor behaviour. At the very least this looks like conduct slippage.
- by Elizabeth Knight
Pokies shut down at three Star casinos amid ‘performance issues’
The Star’s electronic gaming machines and electronic tables will remain switched off until issues with its latest update are resolved.
- by Millie Muroi
Banks to refund $28m to low-income customers kept in high-fee accounts
The corporate watchdog found four banks kept at least two million customers in high-fee accounts, even though they were eligible for cheaper products.
- by Millie Muroi
Exclusive
Big four
The big four bank boss who says there’s more room for risk
ANZ boss Shayne Elliott has been grappling with several challenges at the bank. But one societal issue he has his eye on is taking a disproportionate toll on younger generations.
- by Millie Muroi
ResMed, News Corp bosses top CEO pay tables in 2023
The average realised pay for the chief executive of an ASX100 company in the 2023 financial year was 50 times what an average Australian worker earned.
- by Clancy Yeates