Jack Derwin

The former heir apparent at Australia’s pre-eminent winemaker says its strategic restructure does not go far enough

Australian banking faces a reckoning as increasingly capable AI raises the stakes on competition, cyber risk and growth across the financial sector.

During a whirlwind tour of Australia, the Claude developer warned AI could bring down critical services — but neglected to mention the model that has spooked regulators and markets.

The superannuation sector is trying to protect itself from cyber attacks in the age of AI but it needs the green light from regulators.

APRA and ASIC have urged corporate Australia to get their house in order as Anthropic’s new Mythos AI model raises new financial stability risks.

Bendigo’s tech-led strategic pivot has won a sugar hit from markets, but the bigger question is whether insourcing scale can deliver lasting growth.

Bendigo & Adelaide Bank is swinging the axe through its workforce as it bets on tech to cut costs and compete in a tough banking landscape.

The heir apparent to the iconic winemaker suddenly left the company in 2019. Now Robert Foye is on the shareholder register and agitating for change.

A string of ASX critical minerals plays now have considerable financial backing from the US government. With that, the lure of a listing on Wall Street has followed.

Reeling from the final ASIC report into its shortcomings, the Australian bourse is in need of urgent repair even as its CHESS replacement project faces potential delays.

Australia’s most popular airline could face an earnings hit of nearly 2% as a direct result of the Reserve Bank’s overhaul of the way payment fees and surcharges work.

The RBA has moved to kill surcharges and cut card fees, but its payments overhaul has kicked off a fresh fight over who ultimately wears the cost.

The ASX-listed GP staking shop has been unfairly caught on the wrong side of the AI trade dominating markets. Now it’s playing offence.

The company expected to conduct the next big IPO on the ASX says it can survive no matter what the RBA decides on payments next week, as scepticism swirls over its mooted valuation.

After a bumper run, bank valuations look stretched as analysts warn earnings, margins and bad debts may leave little room for further gains.

What first looked like a Commonwealth Bank problem is shaping up as a broader fraud risk tied to broker and referrer channels across the majors.

Australia’s biggest banks have quietly been restricting access to referrer programs and investing in fraud detection as risks rise.

The financial crimes regulator has issued a fresh warning to banks, as loan referral programs face fresh scrutiny in the wake of an apparent outbreak in fraud.

Macquarie’s long-standing broker focus is turning into a serious edge, just as the major banks are distracted by fraud reviews, channel risk and weaker momentum.

Shemara Wikramanayake says comments by former Goldman Sachs CEO Lloyd Blankfein and Citrini Research underscore the jitters in markets which have led to outflows at Blue Owl and Blacksone.

The junior Macquarie looks destined for the index but the market remains divided on whether it will spur copycats or a correction.

Police are working with CBA this week as AUSTRAC examines suspected loan fraud and laundering, in a warning shot for bank controls across the sector.

Australia’s biggest bank self-reported loans it suspected were fraudulent to the police. Now the feared financial crimes regulator is on the case.

Australia’s biggest bank tried to avoid a public backlash as it made one of the first moves by a blue chip company to shed staff amid AI disruption.

Revenue at the GP-staking business is soaring, but its CEO is busy reassuring the market that jitters over its largest shareholder, New York private credit giant Blue Owl, are irrelevant.