Australia’s largest superannuation fund has backed regulatory intervention as it acknowledges super funds need to do more to safeguard members’ money.
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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Matt Comyn has made parliament his pulpit, advancing policies on tax, migration and banking that don't always align perfectly with shareholder interests.
Banking regulator APRA is poised to reveal concerns about how some funds would perform in a crisis, and over the linkages between the super sector and the big four banks.
ANZ’s brutal self-assessment lays bare a culture long resistant to challenge, with CEO Nuno Matos now pushing a hard reset on risk, leadership and accountability.
As Joe Longo nears the end of his term as ASIC chair, he leaves a regulator that is more visible, litigious and image-conscious than the bruised one he inherited.
CBA’s golden share price run has faltered while ANZ, after years in the wilderness, is showing early signs of revival under Nuno Matos’ ruthless reset.
The ANZ chief executive has firmly pushed back on his critics, arguing he has the right strategy in place – now he just needs to execute.
ANZ boss Nuno Matos faces the ghosts of the bank's past missteps as he slashes costs and works to rebuild growth after a bruising year.
The financial services giant has revealed it is preparing internal candidates to succeed Shemara Wikramanayake when she eventually exits.
Shemara Wikramanayake says the financial services giant has learnt lessons from the Shield Master Trust collapse as it quietly reinstated products from the likes of Allan Gray, Orbis and Vanguard.
After an aggressive entry into Australian retail broking, the US$5 billion share trading platform is now hunting bigger game.
Westpac’s polished Anthony Miller and NAB’s candid Andrew Irvine may have contrasting styles, but their banks are facing similar challenges.
The CEO of the big four lender said he has no intention of running the bank "in an ivory tower", amid criticisms of his leadership approach.
A top global Mastercard exec says what happens in Australia "set a precedent for the world" on regulation, and that the central bank should level the playing field in payments.
The big four bank is also tilting towards investor loans and shifting away from mortgage brokers to its own sales channels to expand its margins.
After a year laying the groundwork, Westpac’s Anthony Miller faces the test: can his billion-dollar tech overhaul deliver growth amid shrinking margins?
The financial services giant is taking new steps to manage its exposure as a tide of social media advice instructs Australians how to get around lenders’ risk controls.
Shareholder revolts, board spills and bonus battles — Australia’s AGM season has turned bloody, with James Hardie leading a wave of corporate reckonings.
Two investors are attempting to thwart an "insultingly low" bid from the buy now pay later's chairman and controlling shareholder and are hopeful others will join them.
Norges Bank, which manages the world's largest sovereign wealth fund, is opposing the election of five James Hardie directors and voting against its remuneration report.
With its $4 billion Melio purchase, Xero is betting big on payments and the US market while stepping into territory where others have stumbled.
Some of the biggest names on the ASX could face pressure over board members who previously worked at their external auditor, with the exchange itself hit with a protest vote this week.
New leaked documents reveal ANZ declined to fulfil funding requests for teams involved in ASIC compliance, a move that may deepen a rift between its risk functions and management.
ANZ has again hired the consultant that issued positive reports on its risk culture at the same time the bank was embroiled in the bond trading scandal.
ANZ's CEO and chairman have both affirmed their commitment to the bank's troubled consumer app, but behind the scenes sweeping changes have been made to the team that built it.
As D-Day nears for ANZ’s staff, fears mount that risk team cuts could leave the bank exposed on regulatory fronts.
Leaked emails viewed by Capital Brief reveal concerns job cuts could see ANZ breach its obligations with three regulators — and a threat to escalate these concerns to the board.
In a major split from its big four rivals, Macquarie wants the RBA to target credit cards and stop large banks from gouging small business.
The bank has quietly made a series of changes to its risk management as it looks to move on from its regulatory woes.
ANZ's CEO is moving quickly to assert his authority over the underperforming bank, and thousands of jobs are likely to go as a result.
