ASIC to publicly quiz banks over lending
The big banks will have more public hearings to contend with after the corporate regulator flagged plans to grill them over their lending practices.
Scentre Group has sold three of its Sydney CBD office towers for $1.52 billion and has announced plans for a $800 million share buyback program.
Plummeting house prices meant Australians’ mortgage debt continued to grow faster than the value of real estate assets during the March quarter.
Freedom Insurance Group has commenced the cancellation process of its Australian Financial Services Licences as part of its exit from all operating businesses.
The ACCC has appealed against the Federal Court’s decision to allow rail operator Pacific National’s acquisition of Aurizon’s Acacia Ridge Terminal.
Accounting software firm Xero has appointed David Thodey to its board.
Sonic Healthcare is selling its 85 per cent stake in German lab tech firm GLP Systems for about $130 million.
The Australian share market is flat after the stocks in some of the big banks rebounded.
Members of mutuals and co-ops need to hone their “elevator pitch” if the concept is to harness the momentum created by new federal laws.
AMP says it will vigorously defend itself against fresh allegations it gouged more than two million investors excessive fees on their super accounts.
The chief executive of neobank 86 400 will be launching later this year after a “massive” process of obtaining a banking license.
CSR chairman John Gillam says the building products supplier’s capital expenditure program shows confidence in Australia’s construction industry.
Afterpay Touch may cancel a $30 million share purchase plan once a probe into its anti-money laundering and terrorism financing compliance is completed.
Fonterra’s milk production in Australia fell by 13.7 per cent in April from a year earlier, due to rising input costs and continued farm exits in key regions.
Coca-Cola Amatil has announced SPC will be sold for $40 million to Shepparton Partners Collective and its group of companies. Shepparton Partners Collective is a joint venture between Perma Funds Management and private investment firm The Eights...
The parking inspectors you have come to recognise across town are no more with Greater Shepparton City Council making the decision to outsource the service to a third-party provider.
A man has been transported to hospital after hitting a power pole in Kialla this morning. The male in his mid- 20s was driving a black Nissan Nirvana ute along Archer Rd when the vehicle left the road and hit a power pole near the Sanctuary Dr...