The competition in Australia’s contactless payment industry is heating up as Apple Pay sets up in Australia. However some banks claim the company is making the system less competitive.
A tussle between Attorney-General George Brandis and Solicitor-General Justin Gleeson intensified this week, and the outlook for their continued working relationship looks poor.
In his response to questioning by MPs at the House Economics Committee hearings into the big four banks, Mr Shayne Elliott, CEO of ANZ, may have inadvertently let the cat out of the bag, When questioned…
ASIC has been too slow to prosecute those accused of rigging the bank bill swap rate so it doesn’t matter if the government makes the penalties harsher for those found guilty.
The initial day of the parliamentary interrogation of the big banks’ chiefs has probably only strengthened the hand of those urging a royal commission. Malcolm Turnbull proposed bank executives should…
As the chief executives of Australia’s big four banks come before a House of Representatives economics committee, we ask a panel of experts what questions the banks should be answering.
The industrial revolution wasn’t all about the spinning jenny and steam power. Money talked, and it needs to again if power and prosperity are to flow to the UK regions.
The financial products offered by the shadow banking sector allow investors to be further removed from their investments and banks to escape regulation, increasing the risk in the sector overall.
A decision by South African hotel and casino group, Sun International to pull out of Nigeria raises many questions about the conditions of doing business in the second largest economy in Africa.
As any good farmer will tell you, always shut the gate. On Thursday a number of government MPs, including several ministers, rushed away from parliament, leaving the gate wide open, and the opposition…
Federal MPs reassemble in Canberra on Monday ahead of Tuesday’s opening of parliament, with the government talking up what the Coalition used to call a budget emergency and Labor keeping maximum pressure…
Bill Shorten is continuing to pressure for a banking royal commission by highlighting rising bank profits and escalating consumer complaints in recent years.
Malcolm Turnbull’s rhetoric this week has been designed to put the heat on Labor over budget repair. But he has three grassfires on his hands even before the new parliament starts on August 30 – and they’re…
The heightened scrutiny of Australia’s immigration policies in recent weeks has shone a light on the long-term problems of indefinite detention of asylum seekers on Manus Island and Nauru.
Moody’s has reaffirmed Australia’s AAA credit rating, as Malcolm Turnbull seeks to put pressure on Labor and crossbenchers to pass measures to help repair the budget.
Good corporate governance is good for efficiency and profit in banks. But having independent board members and the number of board meetings don’t play a role, research shows.
Malcolm Turnbull’s resistance to a royal commission into banks is flouting public opinion and will test his own backbenchers, who have their fingers on the electoral pulse on this hot-button issue. An…
Malcolm Turnbull’s plan to have the chiefs of the big banks regularly front a parliamentary committee is more gesture than substance. What it tells us is that Turnbull is very sensitive to the strong public…