Financial Services

Banks accused of rigging metal prices

by AFP
US class action alleges banks including Goldman, HSBC conspired to manipulate prices.

There is no housing bubble: BoQ

Lender points to divergence in national housing market, urges quick action on Murray report.

Perpetual gets Brickworks-Soul Patts 'win'

Federal Court to hear claims cross-ownership structure is unfair to shareholders: report.

Pepperstone to delay IPO

Foreign exchange broker to hold off on listing until the first half of next year.

Murray delays planned speech

The release of the Financial System Inquiry report may also be delayed.

Govt eyes deal to reinstate some FoFA reforms

Finance Minister Mathias Corman outlines amendments can be remade into new FoFA policy.

A better way to restructure government debt

The clauses included in sovereign debt contracts are being re-written so 'hold-outs' will no longer have the power to block deals.

Govt, ALP agree financial advice deal

Advisers to win a concession on FoFA laws that will assist with moving, selling out: report.

CBA standards to take four days

Majority of bank's ­financial planners will meet minimum standards with just four days’ work.

Santander to replace chief executive

Javier Marín forced out of Spanish bank after less than two years in CEO role.

Spanish bank Santander names new CEO

The eurozone's biggest lender, Banco Santander, names new CEO.

Reserve Bank study probes risky loans

by AAP
A study by RBA researchers urges lenders and regulators to watch the low-doc lending space.

Westpac appoints SAP exec CTO

SAP retail banking expert Robert Wilson to start the gig in January.

Banks' capital needs could hit $53bn: Fitch

Global ratings agency presents pessimistic scenario of Financial Services Inquiry recommendations.

Rethinking Sydney’s role as an international financial centre

1 comment
China's outbound investment is set to sky-rocket, reshaping the world’s financial markets in the process. Sydney is well placed to use this discontinuity to its advantage.

Consumer confidence lifts 1.2%: ANZ

by AAP
Weekly ANZ-Roy Morgan poll points to more positive expectations about household finances.

OzForex lifts first-half profit

Online exchange group ups H1 profit 26% as US business impresses, shares rally 10%.

Why the insolvency industry needs reform

The proposed legislation to improve consumer confidence in the insolvency industry is a step in the right direction, but much more needs to be done.

NAB taps Morgan Stanley for UK IPO

Lender enlists Morgan Stanley to oversee listing as early as next year: report.

FlexiGroup may drop out of GE race

FlexiGroup seen unlikely to have firepower to contest for GE's local consumer lending business.