This Month
Matt Comyn’s tight arse on CBA deposits
The bank will hike mortgage rates this week while doing the barest of minimums for savers.
McEwan braces for BHP exits as Brandon Craig takes helm
The chairman says losing high-calibre executives is a downside of strong succession planning following the appointment of the 53-year-old engineer.
Banks’ new challenges post-Hayne: big tech, AI fraud and regulation
Just as APRA is recalibrating financial risk regulation to reflect the changing environment, policymakers need to balance the threats and opportunities of AI.
CBA, Westpac chiefs warn society must be brought along for the AI ride
Matt Comyn and Anthony Miller know their institutions stand to benefit hugely from effective AI deployment, but are worried about the sector’s “PR problem”.
Matt Comyn says AI has a PR problem as ‘collision course’ looms
The CBA boss says he feels the tension of moving responsibly on AI in a world racing ahead. It’s just one of the challenges coming for banking and the economy.
Australian banks ramp up tax fight against Apple Pay, Google, Meta
Banks argue foreign rivals benefit from lower taxes and less regulation. They’re calling on the federal government to level the playing field.
The big four are minting it right now, but 2 big threats are building
The surprise burst in credit growth means it’s a great time to be a big bank. Behind the scenes, however, they see big shifts that could be cause for worry.
Colonel Marles’ adviser clucks into the private sector
The defence minister’s former policy adviser is the latest to revolve into lobbying his former employer.
CBA refers brokers, accountants to police over massive loan fraud
People briefed on the widening inquiries said the country’s largest lender became particularly concerned about anomalies detected among clients of two firms.
Business playsuits turn out for the F1 Grand Prix
Bank chief executives, billionaires and dealmakers led the way in the backrooms of the Formula 1 Australian Grand Prix.
Australia’s safe and stuck. Wikramanayake and Comyn have a plan
With the wave of AI disruption approaching, time is running out to reform the economy. The bosses of Macquarie, Commonwealth Bank and BHP have a blueprint.
Australia shouldn’t settle for mid-pack on economic competitiveness
The nation’s overarching dilemma is a lack of dynamism due to a culture of political caution and red tape. Even in the AI age, the iron laws of economics apply.
Fix tax and cut NDIS, CEOs tell Chalmers
Business leaders call on the government to implement ambitious tax reform and pro-growth policies while cutting spending to set up the nation’s prosperity.
Australia needs to ‘grow up’ and broaden US reliance, says Sinodinos
The former Australian ambassador to Washington says America has brought much uncertainty and Canberra must remind it of the importance of the Indo-Pacific.
Big business wants Chalmers to do more than tinker with the budget
The people who run Australia’s largest companies and employers cannot be clearer. The economy risks falling behind in a high-risk, fast-changing world.
Watch: Top 5 moments from the Financial Review Business Summit
Watch the video highlights from day one of the summit including Reserve Bank governor Michele Bullock, Commonwealth Bank CEO Matt Comyn and BHP chair Ross McEwan.
Heat on APRA from CBA attack on MacBank
If APRA is persuaded there is no level playing field in retail banking in Australia, it would have implications for competition and the future of regional banks.
February
Fiddling with CGT won’t fix the housing crisis for young buyers
The Albanese government has arguably the biggest opportunity for reform since John Howard’s commanding election victory in 1996. If not now, when?
Mortgage fraud issues put the blowtorch on CBA
The bank’s application processes and the way documents are verified leave it vulnerable. The sector must lift its game to protect the integrity of the market.
Chalmers counters rising rates with talk of higher capital gains taxes
The Albanese government’s talk of major economic reform has once again come down to the Australian obsession – the housing market.
