Business
Banking & finance
Suncorp boss says premium growth to ease as earnings jump 14 per cent
Suncorp chief executive Steve Johnston concedes it has been a tough six months for customers facing rising home and motor insurance costs, but expects premium growth to ease.
- by Millie Muroi
Latest
How the ‘millionaires factory’ shook up Australia’s big four banks
A landmark ruling underlines how Macquarie Group, better known for investment banking, is making a serious play in the less racy retail banking sector.
- by Millie Muroi
Updated
Earnings season
NAB watches earnings tumble and warns arrears are growing
The earnings of the country’s second-largest bank fell by almost 17 per cent in the December quarter as it grappled with growing arrears in local home-lending and a slowing economy.
- by Sumeyya Ilanbey
Updated
Mergers & acquisitions
ANZ wins green light for $4.9b Suncorp bank takeover on appeal
The Australian Competition Tribunal has overturned the competition watchdog’s decision not to allow ANZ’s proposed acquisition of Suncorp’s banking arm.
- by Millie Muroi
Updated
Earnings season
Westpac chief praises resilient economy and eyes 2024 rate cut
The bosses of Westpac and Bendigo and Adelaide Bank say late payments on home loans have ticked up, but that an easing in interest rates, which looks likely to happen this year, would support economic growth.
- by Millie Muroi
This country just entered recession, but it doesn’t worry one JP Morgan strategist
Japan is a promising market over the long term, says strategist Kerry Craig. It’s the one place where a rate hike is not off the cards and inflation is welcome.
- by Millie Muroi
D-day looms for $4.9 billion ANZ-Suncorp deal
A final ruling on the biggest deal in Australian banking since Westpac bought St George in 2008 is looming.
- by Clancy Yeates
The Goldman Sachs insider trader who worked at the supermarket
It was an unusual side job for someone who worked at a financial giant but for Mohammed Zina, it was a chance to stay grounded. Prosecutors saw him differently.
- by Upmanyu Trivedi
Magellan shares jump after fund manager appoints new leader
The embattled firm, which has faced multiple departures of senior executive, has appointed a new leader with the view to appoint her to the top job.
- by Millie Muroi
Opinion
Russia-Ukraine war
The West wants to break into Russia’s $460b treasure chest
A risky push to unfreeze piles of Russian assets could have major unintended consequences.
- by Stephen Bartholomeusz
Opinion
Big four
CBA’s impossible profit juggle makes no one happy
In the past few weeks it has only become harder for banks to argue their corporate good citizen bona fides, following Allan Fels’ report on price gouging.
- by Elizabeth Knight