Today
- Exclusive
- Bonds
ANZ sacks first trader amid workplace culture investigation
While the bank has taken action against staff involved in the bond trades, this is the first time an employee has been let go due to the cultural review.
- 49 mins ago
Yesterday
- Opinion
- Sharemarket
Resilient corporate profits are masking the ASX’s shaky foundations
Earnings season reveals local groups are performing better than expected. Weakness in China and a fall in Commonwealth Bank’s share price could undo the gains.
This Month
Magellan backs Vinva for bet on quant fund shift
Chairman Andrew Formica said superannuation funds’ obsession with low fees may not be in their members’ interest, as he snapped up a stake in the boutique firm.
- Opinion
- Building Bad
For industry super boards, suitability and skill should trump all
The CFMEU scandal has forced the prudential regulator’s hand on union board representation at industry superannuation funds.
Challenger sales boosted by anxious retirees
The financial services firm says it’s on track to meet its long-term return targets as higher rates and cost-of-living pressures fuel sales of annuities.
Overdue loans swamp private credit giant lending to Sydney’s wealthy
The local lender has previously written loans for some of Sydney’s most colourful businessmen. Growing arrears aren’t always made clear to its investors.
- Opinion
- Superannuation
This $300b super fund is making a monster move to stocks
Australian Retirement Trust has decided that a big chunk of its members will do a lot better with their pension nest egg invested in riskier assets.
- Opinion
- Interest rates
RBA at odds with the market and the world
A panicked market is convinced the central bank faced a simple choice to prepare for interest rate cuts. Its staffers clearly don’t see it that way as the bank laid out the case for increases.
Wealth exec resigns from DomaCom board following NDIS closures
The exit followed revelations in The Australian Financial Review that investors in properties tied to the NDIS were facing capital losses due to a failure to secure tenants.
ANZ bond trading scandal ‘risks unknown’: Macquarie
Macquarie analysts have run the numbers on what ANZ’s bond scandal could do to its profits whilst conceding some costs are hard to measure.
- Opinion
- Hedge funds
From Ackman to AFIC, fund manager discounts persist
Bill Ackman’s failed attempt to float the largest ever closed-end fund shows that a high profile and even a solid track record isn’t always enough to win.
The luxury bubble is bursting and not even Cettire is safe
Prestige fashion is in a state of crisis as sales plunge and stocks pile up. For Cettire, which has operated in the grey market, this is its moment of truth.
July
NZ regulators probe banks over government bond trading
As ASIC’s investigation into suspected manipulation in the government bond market heats up, New Zealand’s corporate watchdog is making its own inquiries.
Domacom fund suspended from accepting new money after NDIS closures
Property investment platform Domacom has been blocked from raising new funds following a Financial Review probe into aggressively marketed NDIS investments.
- Updated
- Analysis
- Interest rates
Here’s what you need to know about Wednesday’s inflation number
The consumer price index will be released today at 11.30am. Here’s the number to look at for and how we expect markets to react.
‘Risks elevated’: APRA holds banks’ mortgage rate buffer at 3pc
APRA said an uncertain economy, geopolitical instability, high household debt and inflation remain key risks for banks, compelling it to keep the loan buffer intact.
- Updated
- Opinion
- Big four
It’s the bond trader that’s overvalued, say Buffett and Gorman
As ANZ’s board battles to contain an escalating bond trading scandal, it must decide whether it could have been avoided and whether it was worth the trouble.
- Opinion
- Hedge funds
US regulator says activist short seller was a pump-and-dumper
Andrew Left had a reputation for hunting frauds, but that gave him a platform to pump-and-dump stocks, the SEC has alleged.
Super funds put ANZ board, executives on notice over trading scandal
The intervention came as brokers began to warn that the alleged misconduct could lead to regulators forcing ANZ to hold more capital than its rivals.
- Updated
- Big four
ANZ says bond trading scandal fallout could extend to the very top
The ANZ board may be forced to take action against the bank’s chief executive Shayne Elliott and other senior managers over the misleading trading data submitted to the federal government and investigations into its workplace culture.
- Updated
