Business
Banking & finance
Austrac boss defends financial crimes regulator, says casinos must improve
The chief executive of financial intelligence agency Austrac, Nicole Rose, has rejected criticism it was overly focused on banks.
- by Clancy Yeates
Latest
Editorial
Organised crime
Organised crime thrives because NSW cannot follow the money
A secret briefing by the NSW Assistant Commissioner of Police has thrown the spotlight on the gaping holes in money laundering legislation.
- The Herald's View
Housing slowdown ‘a good thing’, says CBA’s Comyn
Australia’s biggest mortgage lender says lower house prices would be welcome news for housing affordability and the stability of the financial system.
- by Clancy Yeates
Opinion
Interest rates
Why CBA boss isn’t worried about inflation or higher interest rates
Matt Comyn doesn’t think the sky is falling on the economy nor that the Australian housing market is set for a hard landing.
- by Elizabeth Knight
Exclusive
Fintech
Westpac’s King eyes more direct fintech investments
Westpac chief executive Peter King says the banking giant is keen to make more direct investment in fintech businesses or applications that can be rolled out to its customers.
- by Clancy Yeates
Allianz warns of car ship pain after 4000 vehicles lost at sea
The global insurance giant says car-shipping incidents are now a major cause of loss for the insurance industry after a cargo ship with about 4000 VWs, Porsches and Lamborghinis sank in the Atlantic two months ago.
- by Stephan Kahl
Updated
Earnings season
Westpac boss tips house price falls of up to 15pc
Westpac’s Peter King expects a fall in house prices of 10 to 15 per cent over the next two years and says borrowers have capacity to absorb higher rates.
- by Clancy Yeates
Magellan dumps 11% stake in Guzman y Gomez
Magellan’s star investor Hamish Douglass was enthusiastic about the growth potential of the Mexican food chain but while on sick leave, the investment has been sold.
- by Charlotte Grieve and Jessica Yun
Afterpay owner Block eyes Australia amid global growth push
US fintech giant Block has given a strong signal that it could to launch its hit financial app in Australia, which allows peer-to-peer payments as well as trading stocks and cryptocurrencies.
- by Clancy Yeates
Macquarie shares dive as CEO warns of ‘persistent’ inflation
Macquarie has seen a sharp sell-off despite reporting a 56 profit jump.
- by Charlotte Grieve
Updated
Big four
NAB chief calls for more foreign workers as staff shortages are hurting businesses
While small-to-medium sized businesses have proved resilient during the pandemic, many are struggling now to find workers, says NAB CEO Ross McEwan.
- by Charlotte Grieve