March 11, 2020 March 11, 2020


Financial Services


Greg Yanco from ASIC at a Fund Managers Conference in Melbourne.

The corporate watchdog has vowed to take a hard-line stance enforcing market integrity rules and insider trading laws

March 10, 2020 March 10, 2020

Financial Services

ASFA cautions against raiding super for crisis

Martin Fahy ASFA Ceo

The government has been warned not to hit superannuation as it prepares a stimulus package to battle to the coronavirus.

March 10, 2020

Financial Services

This isn’t 2008: BlackRock

CORRECTION - Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 9, 2020 on Wall Street in New York City. - Major Wall Street indices finished down more than seven percent following an ugly session sparked by an oil price crash and fears over the economic fallout from the coronavirus. At the end of a day-long rout, the benchmark Dow Jones Industrial Average was at 23,851.02, a loss of more than 2,000 points or 7.8 percent, making it the worst session since December 2008. (Photo by TIMOTHY A. CLARY / AFP) / “The erroneous mention[s] appearing in the metadata of this photo by TIMOTHY A. CLARY has been modified in AFP systems in the following manner: [down more then 2000 points] instead of [down more then 200 points]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require.”

‘Stay calm’ says BlackRock, as the promise of a big dose of US stimulus puts the brakes on tumbling global markets.

March 9, 2020 March 9, 2020

Financial Services

Banks, retailers in talks over card fees

Powerful groups are looking into the contentious fees foisted onto shop-owners when customers use Eftpos or debit and credit cards.

March 9, 2020

Financial Services

Dollarmites kids lose with interest cut

Commonwealth Bank generics

CBA slashes what’s possibly the only interest-bearing account it can still cut.

March 8, 2020 March 8, 2020

Financial Services

Platinum’s key funds down $372m

Andrew Clifford, CEO Platinum Asset Management

Platinum Asset Management has seen further outflows across the value manager’s flagship funds of $372m during February.

March 8, 2020

Financial Services

Neobanks ‘open for business’ in face of RBA rate cut

Anthony Thomson (right) and Robert Bell of 86 400 pose for a photograpgh in Sydney, Wednesday, June 27, 2018. UK neobank veteran Anthony Thomson, former ANZ Japan CEO Robert Bell and former Cuscal CIO Brian Parker will launch, 86 400, a new digital bank to provide first genuine alternative to Big Banks in Australia. (AAP Image/David Moir) NO ARCHIVING

Neobanks say it is business as usual despite official cash rate cuts making it harder to lure consumers.

March 8, 2020

Financial Services

State Street seeks green policies

Ben Colton state street - Ben Colton state street

State Street Global Advisers says too many Australian companies are responding only ‘tactically’ to climate change risks.

March 7, 2020 March 7, 2020

Financial Services

Insurers take cover in ‘exclusion’ clause

TOPSHOT - China Eastern Airlines aircrew arrive at Sydney airport after landing on a plane from Shanghai on January 25, 2020. - Australian authorities confirmed its first case of a new virus as thousands of people worldwide are treated for the deadly infection (Photo by PETER PARKS / AFP)

Insurers are dodging a wave of business and travel insurance claims from the coronavirus outbreak.

March 6, 2020 March 6, 2020

Financial Services

Anger as ANZ axes 230 jobs

Banking Generics

ANZ blames cost-cutting for job losses as Australians and the economy are reeling from coronavirus and bushfire events.

Business Review Editor

Eric Johnston joined The Australian in July 2014. Previously he was the business editor of The Sydney Morning Herald and The Age, overseeing award-winning business coverage and driving investigative reporting. He also has worked at The AFR and as a correspondent with Dow Jones, where his stories appeared in The Wall Street Journal.

Business Review Editor

The Australian doesn't play nicely with your current browser.

Please take a moment to upgrade to the latest version.

Internet Explorer

v11 or later

letou xin1946