Financial Services

The heat’s building over interest rates as Australia leads all comers in the race no-one wants to win.

Gary McGrath has overseen a significant restructuring of Bankwest’s operations in his role at CBA.

DigitalX will receive more than 80 per cent of the funds recoverable from the 351BTC it lost in the collapse of crypto exchange Mt. Gox.

The Australian Securities and Investments Commission has sued HSBC Bank Australia over what it described as “systemic and widespread” failures to protect customers from scams.

Treasurer Jim Chalmers has appointed a former banking executive and an economics professor to the Reserve Bank board, following a six-month review into monetary policy setting.

Fund manager doubles down on strategy that has made him rich.

The Reserve Bank of Australia has held the cash rate steady at 4.35 per cent as expected but economists have noted a shift in the board's tone.

A desire to de-risk and diversify portfolios is driving more wealthy WA investors into alternative asset classes.

ANZ Banking Group chief executive Shayne Elliott has announced his retirement, effective from July 2 next year.

West Perth-based lithium explorer Lepidico has called in administrators from KordaMentha, who intend to start a sale or recapitalisation of the business soon.

ASX-listed Pioneer Credit has announced plans to raise $10 million, in order to increase its purchase debt portfolio investments.

Nicola Forrest has driven a $100 million investment into a female-focused philanthropic fund, through her family's Minderoo Foundation.

Commonwealth Bank has paused its “kick in the guts” move to charge a $3 fee on in-branch and online transfers for some customers after a pile on from across the political isle.

Australia has recorded its lowest annual economic growth since 2020, up only 0.3 per cent in the September quarter, the Bureau of Statistics found.

The founders of service provider to rich families Squadron Collective and its fund manager Fiftyone Capital – initially backed by Laurence Escalante – have ended up in a court battle over control and ownership.

Australian Finance Group has announced it is offering to take a non-controlling equity stake across its network of mortgage broking businesses.

The superannuation sector has been rocked by another case of poorly managed member funds and a lack of accountability.

Australia’s annual inflation held steady at 2.1 per cent for October, remaining at its lowest since mid-2021.

The corporate watchdog has sued National Australia Bank, over allegations of failing hundreds of its customers who were facing financial hardship.

Creditor claims of more than $740 million have piled up against the taxpayer-backed East Rockingham waste-to-energy plant, including from Acciona and National Australia Bank.

OPINION: Australia’s superannuation sector is the envy of the world, but managing the flood of cash isn’t easy.

The former boss of an east coast credit union, which has merged with Perth-based P&N Bank, has been found guilty of dishonest conduct.

Nicheliving directors have fronted a $200,000 indemnity to cover operating costs and ensure the administrators get paid in the "likely" event the construction entities are too strapped for cash.

WA generally outperformed national office numbers for the big four accounting firms, while mid-tier players bolstered their presence in the state.

Cottesloe fund manager Packer & Co has paid its biggest dividend since 2021, as the $2 billion trust it manages puts more distance from the challenges of the pandemic and Ukraine.

Australian Federal Police have raided the Sydney offices of PwC Australia, amid the ongoing investigation into the 2023 tax leaks scandal.

Republic of Fremantle has called in administrators to restructure the urban distillery and bar business, after grappling with pandemic-induced delays and industry challenges.

Argonaut lifted its full year operating profit to $5.7 million after taking a lead role on 18 equity capital markets deals, headlined by De Grey Mining’s mammoth $600 million raise.

A different version of administration is catching on as the tax office chases up COVID-related debt.

Clothing manufacturer Merino & Co has joined the ASX, ringing the bell to open trading as one of rare cohort of Perth-based companies to take the IPO journey this year.

Acciona has lambasted the decision to place a waste-to-energy plant in administration, launched a $200 million lawsuit and revealed it attempted to buy out the other investors.

Hall Chadwick WA managing director Wayne Healy, described as a stalwart of the Perth accounting community, has died.