Financial Services

Australia's corporate watchdog has started legal action against Westpac over poor financial advice provided by one of the bank's former financial planners, Sudhir Kumar Sinha.

SPECIAL REPORT: Developers are exploring alternative funding methods due to a tough property market and tight lending conditions.

AMP has been hit with a fourth shareholder class action over the scandals revealed at the Financial Services Royal Commission and the resulting damage to the embattled financial giant's market value.

The corporate watchdog has banned a former Perth-based AMP financial adviser from providing services for the next five years after he was found to have given clients poor advice.

ANZ is facing criminal charges over alleged cartel conduct related to a $2.5 billion share placement, while two of the underwriters to the deal, Citi and Deutsche Bank, also received notice of charges.

Software group MYOB has dumped a $180 million deal to acquire the Australian and New Zealand assets of Reckon's Accountant Group after discovering new information about the company and its competitors.

Opinion: Federal government inquiries are shaking the superannuation tree. What will be interesting is how the different players respond.

Cash Converters International has boosted its coffers with a $39.5 million capital raising, with the proceeds set to strengthen the company’s balance sheet and be used to reduce debt.

Bankwest was overly optimistic about its business loans and failed to act on early warning signs of problems, the banking royal commission has heard

Perth-based Cash Converters International has made a $650,000 settlement payment in relation to concerns over its debt collection practices, as the company transitions the process to a specialist third party.

Commonwealth Bank has agreed to sell its stake in Chinese life insurer BoComm Life for $668 million.

A series of new blockchain plays and a growing assortment of associated businesses highlight how the new asset class is sparking entrepreneurship in Perth.

There has been a big increase this year in the number of ASX-listed companies, primarily junior explorers in WA, forced to retract announcements.

Dale Alcock’s ABN Group has recruited former Arrium managing director Andrew Roberts as its chief executive, while announcing Bankwest as its new banking partner, after nearly 40 years with ANZ.

Angry shareholders have put AMP's board on notice, delivering a 'first strike' with a huge vote against the company's executive pay report.

A former Perth-based insurance broker has been permanently banned from the financial services industry by the corporate watchdog for misleading, deceptive and dishonest conduct.

Commonwealth Bank of Australia says it made a third-quarter cash profit of $2.35 billion, while also agreeing to pay $25 million to settle legal action brought against it by the corporate regulator over bank bill swap rates.

Opinion: The current banking royal commission and global shift to downsizing are raising questions as to whether any institution or business is too big to fail, or at least be broken up.

Two of the three AMP directors standing for re-election at this week's annual general meeting have decided to resign, with the company's longest-serving director to follow.

Macquarie Group expects a steady year ahead after lifting full-year profit 15 per cent to a record $2.56 billion.

AMP has revealed almost 16,000 of its customers paid fees for financial advice they did not receive, while arguing it "strenuously denies" recommendations it face criminal charges over the scandal.

National Australia Bank is spinning-off its financial advice and superannuation businesses in a move it says has nothing to do with the "shameful" industry scandals heard by the royal commission.

Will financial services companies wish they had taken a different path all those decades ago, when superannuation nest eggs looked so attractive?

The banking royal commission’s exposure of shady practices will no doubt lead to calls for change, but perfect solutions are hard to find.

ANZ has reported a 16 per cent fall in first-half cash profit to $2.88 billion as it continues to cast off units and refocus on its domestic business.

Commonwealth Bank will have to hold an extra $1 billion in minimum capital after the banking regulator said large profits had blinded the lender to threats such as the money-laundering scandal that ended the tenure of its CEO.

AMP chair Catherine Brenner has quit with immediate effect as the fallout widens from the fees-for-no-service scandal at the Financial Services Royal Commission.

The banking regulator has announced plans to remove the cap it placed on property lending to investors three years ago in response to booming borrowing levels and an overheating property market.

Collie could soon be home to a 20 megawatt solar farm and cryptocurrency 'mining' operation, after the Southern Development Assessment Panel recommended approval for a project led by energy entrepreneur Ben Tan.

A survivor of the tech wreck, Andrew Hall tasted success in the venture capital space before launching his own new startup, Formalytics.

AMP chief executive Craig Meller has quit the wealth management giant, becoming the first major casualty of the Financial Services Royal Commission.

AMP has had $1 billion wiped off its market value during a royal commission appearance in which the wealth management giant admitted to charging clients for advice they never received and then lying about it to the corporate watchdog.