Financial Services

Grimshaw walks away with $6m in shares

Departed Bank of Queensland CEO left with over $5m of performance award rights.

A nervous APRA shows its hand

As the financial system inquiry progresses, it's clear the regulator has some concerns that the sophisticated and nuanced regime it oversees might soon be overlaid with some new and quite rigid domestic rules.

Are internal start-ups cannibals or category killers?

Internal start-ups are being used increasingly by large corporations to test new ideas and strategies, but their success can be a double-edged sword for parent companies.

NAB abandons its global dream – at a huge future cost

Just a few years ago, NAB had big plans to be a major player in the agricultural boom. But with the focus now on paying shareholders ever-increasing dividends, that vision has been lost.

Macquarie's Utah mini-NBN in doubt

Macquarie Group's $US300m open access network in Utah facing fresh political hurdle: report.

APRA cautions against home lending boost

Banking regulator warns new incentives for home lending could be troublesome.

Picks of the week

In this week's essential reading guide, Kohler assesses our addiction to dividends, Bartholomeusz reflects on Qantas' massive loss, and Gottliebsen talks about how CEOs can learn from a new young player.

Banks cool on super reforms

Second round submissions to Murray Inquiry show hesitation to scope, speed of super changes.

Super contributions soar in FY14

by AAP
Stabilising global economy spurs strongest contributions to super since GFC at $95bn.

China Huarong to sell stakes to eight firms

Regulators approve deal to allow 20.98 per cent stake to be sold to consortium.

ANZ banks on a big opportunity in China

Foreign banks only comprise 2 per cent of total market share in China, but financial sector reform is likely to open up more opportunities to fund cross-border investment and trade flows.

Financial system has strengthened since GFC: ANZ

Lender warns moves to strengthen the financial system further may come at material cost to the economy.

NAB to offload US subsidiary

Lender to sell minority stake in US subsidiary GWB through IPO, eyes full exit.

Lawyers slam FoFA laws: report

Allens Linklaters claims financial disclosure rules are ‘irretrievably broken’.

JP Morgan sees no 'unusual fraud'

Hacking attack on JP Morgan may also have been directed at five other US banks.

CIMB Australia refreshes top management team

Financial services provider appoints several new senior roles as Nick Rowe, Oscar Ludwigson depart.

Perpetual lifts FY profit 34%

Investment services group eyes growth in year ahead as it posts sharp profit rise.

PEP sells half of Veda stake in $580m deal

Macquarie Capital is handling the sell-down of the private equity firm's stake; more sales out of escrow expected.

'Too big to fail banks' should be levied: COBA

Customer Owned Banking Association warns Murray Inquiry of funding cost advantage.

China's SMEs struggle to jump the credit hurdle

Small and medium-sized businesses are finding it increasingly difficult to gain financial support in China and can be crippled by high interest rates while larger, state-owned companies are enjoying an easier ride.