Magellan names new chairman amid big drop in profit
Andrew Formica will take over as Magellan chairman from Hamish McLennan as the fund manager announced its full-year profit dropped 57 per cent to $174 million.
financial and business service
CBA posts record profit as mortgage borrowers cling on
As rising interest rates boost Commonwealth Bank profits, consumers appear relatively resilient with mortgage arrears remaining low.
Suncorp Group posts bumper jump in full-year profit
Suncorp Group says it still hopes to sell its banking division to ANZ but regulatory delays will cost it between $75 million and $100 million.
PwC sells government arm amid questions over conflict
PwC Australia and Allegro Funds have agreed on terms for the sale of the former's government consultancy business to the private equity firm for a nominal $1.
Tainted PwC partners and staff to be publicly named
As PwC appoints a new CEO and offloads its government business, an inquiry has heard an investigation into the tax scandal will name culprits.
Bank of Queensland addresses CEO’s exit
George Frazis' sudden removal as CEO last week was "not ideal," Bank of Queensland's chairman has conceded to shareholders at its AGM.
CBA profit jumps to nearly $10 billion
Australia's biggest lender has lifted its annual profit by 11 per cent and declared a final dividend of $2.10 a share.
BoQ tech boost for fully digital bank
Bank of Queensland plans to roll out a new banking platform for customers and has expanded its partnership with Europe-based tech provider Temenos.
Teen cyclone survivor confronts bank boss
A school boy cyclone survivor has challenged a bank boss to do more on climate change, interrupting an elite business summit to call out "ridiculous" lending.
Population level on a lower track: RBA
RBA assistant governor for economics Luci Ellis does not expect the population level to catch-up to the numbers lost during the period of closed borders.
Cybersecurity risk ruling for fin services
RI Advice Group has breached its licence obligations by failing to have adequate risk management systems to manage its cybersecurity risks, a court has ruled.
Smaller cities lead growth in home values
Home values were up 0.7 per cent in March, with Sydney and Melbourne declining and smaller cities punching above their weight.
HSBC demands coal exit plans by end-2023
Europe's leading banker to corporate Asia, HSBC, says it expects all its clients to have a plan in place to exit coal by the end of 2023.