Industry funded agency AFCA is about to get a bigger remit in scam prevention. In the meantime, it’s facing a record breaking deluge of claims of wrong doing in finance.
Jack Derwin
Jack Derwin
Markets and finance correspondent
Jack has worked as a business reporter for the better part of a decade, filing from Mexico, Spain, New Zealand and the Pacific. He has previously reported for The Asahi Shimbun, the second largest newspaper in the world, Business Insider and 7News amongst others.
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If Labor wants to improve housing affordability, it needs to stop prices rising. The hard bit is selling voters the consequences.
The challenger bank will allow borrowers in priority industries including tech, finance and government to take on more leverage despite a weaker property market.
Less than eight years after the royal commission, banks are eyeing a return to financial advice as regulators signal they may be ready to move on.
Bank bosses and regulators were keen to warn that multiple threats are escalating in an increasingly chaotic world. But a series of mishaps saw their message disrupted.
After a scathing royal commission pushed banks to offload their wealth and advice businesses almost a decade ago, there is growing talk of a comeback.
Behind the scenes of our 4,000-word deep dive into the collapse of an award-winning national buyers agency just weeks after the federal budget.
New CEO Nuno Matos got the market’s attention when he cut 3,500 jobs and laid out a series of ambitious targets for the bank. One year into the job and he says he can do more.
Venture debt provider Mighty Partners has emerged as one of the victims in the collapse as stranded customers, collectively owed $10 million, begin the search for answers.
Treasurer Jim Chalmers isn’t backing down over his sweeping tax reforms, which are aimed at solving the housing affordability crisis but have upset the business community.
Head of retail banking Carolyn McCann has conceded the division’s cost base is too high relative to its peers, as she unveiled her new strategy.
The chief executive of ANZ says, whatever its merits, the government’s tax plan is having the desired effect on property investment.
Anthropic has finally granted Australia access to its most powerful AI model, but none of the nearly 40 companies and government agencies contacted by Capital Brief would confirm they had got it.
The collapse of a major buyers agency has sparked predictions of pain ahead for real estate agents and mortgage brokers as the market react swiftly to housing tax reforms.
The fallout from the collapse of a prominent national buyers agency continues, with liquidator Teneo saying it’s too early to say whether any money will be recovered.
As investor lending contracts sharply, Australia’s biggest banks face tougher margins, weaker credit growth and a growing threat from non-bank lenders.
The online property advisory has placed itself in voluntary liquidation, with customers who paid thousands of dollars in upfront fees fearful they will be left stranded.
The major lenders have now all called time on negative gearing.
The $100 billion fintech’s ambitions go far beyond competing with Airwallex and Wise as it tries to become one of the world’s biggest business banks.
CBA’s inaugural AI summit put OpenAI’s Sam Altman centre stage as Matt Comyn argued Australia must build capability now or risk being left behind.
After interviewing OpenAI’s Sam Altman, the CBA chief urged Canberra to find a fair copyright mechanism and seize Australia’s data centre opportunity.
It echoes similar moves by Westpac and Macquarie, with CBA and ANZ still reviewing their policies in the wake of the government’s negative gearing ban.
The retail bank’s Anthropic punt has given it a front-row seat in AI, and an investment record to make the Silver Donut envious.
Small rivals fear they will be squeezed out of regional markets by the same big institutions which have abandoned them.
The bank today told brokers it has effectively accepted Labor’s negative gearing rethink, warning the changes “could create a serviceability shortfall”.
There have been few startup winners from the government’s planned capital gains tax changes. Bitcoin lender Block Earner thinks it could be one of them.
Negative gearing changes are set to take the wind out of lending momentum at Australia’s biggest banks as investors get cold feet.
The federal budget has thrown Australia’s biggest banks into a frenzy as they begin restricting property investors.
The US market maker’s local division has built a $1 billion trading book and is churning out profits as it carves out a lucrative foothold in Australia.
Business — and bonuses — at Susquehanna, Optiver and IMC are soaring as their Sydney outposts capitalise on the time zone to trade lucrative Asian markets.
Negative gearing changes are set to test the big banks, with analysts warning mortgage growth and margins could come under pressure.
As the majors taper their risk appetite, Shemara Wikramanayake says Macquarie is ready to press its advantage in retail banking.
After years de-risking away from market volatility, Macquarie is showing how profitable chaos can be as wild swings reshape global markets.
