Private banking
‘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
Latest
Why everyone in finance is getting ripped
People who spend their working lives trying to manage risk in return for long-term financial gain often fail to apply those lessons to their own health.
- by Chris Bryant
Bankwest to face grilling over mass branch closures
Bankwest executives will face an inquiry into rural bank closures, a week after the company announced it will shut all its branches in favour of online services.
- by Stephanie Gardiner
Bank branch closures roll on as cash usage declines
More than 1400 bank branches have closed in Australia since 2017. But there are key reasons why it’s important for banks to maintain their physical presence.
- by Millie Muroi
Simon handled millions for some of Australia’s richest. Then things started to go wrong
After a meteoric rise, Simon Raftery had a Sydney waterfront home worth millions and an impressive list of clients around the world. Then some of his big plays started to come undone, exposing the opaque but booming world of private credit.
- by Anne Hyland
Exclusive
Podcasts
Perth banker Simon Harris stole $2 million from clients – and lost every dollar
Journalist Michael Genovese talks to the father, banker and gambling addict who was convicted of stealing more than $2 million and punting it away on horse races.
- by Michael Genovese
Opinion
For subscribers
After my mum’s death, I couldn’t believe what the bank did to my 93-year-old dad
Calling the banks bastards is a tired cliche, until you witness their bastardry up close.
- by Sue Williams
Analysis
Active investing
Nine stock picks from some of Australia’s biggest fund managers
From garbage collection to race car manufacturing, nine fund managers at some of Australia’s largest investment firms have given their best stock picks.
What lies beneath: the curious world of Sydney’s secret vaults
Just a few metres above our heads, people go about their day in the hustle and bustle of downtown Sydney, oblivious to the glittering treasure trove lying underneath.
- by Andrew Hornery
Opinion
Opinion
Despite 10 billion reasons to hate the banks, it’s not that simple
In these times of ‘greedflation’, businesses like the CBA have too much power to push up prices. But wages growth will outpace prices in the years ahead. You can bank on it.
- by Chris Richardson
Analysis
Banking products
Road test: Is a debit card that donates to charity worth it?
New debit cards from ME Bank are designed for those who want to make charitable donations without having to think about it.
- by John Collett