Jassmyn Goh

The prominent fund manager has launched a scathing attack on rival L1 after Wilson Asset Management lost a vote to control the board of one of Platinum's listed investment companies.

Global investment giant Mercer tried to redeem funds from a private credit investment that went south in 2017. It's still waiting to get its money back.

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.

ASIC chair Joe Longo had one word for ANZ’s behaviour: grubby. Even with $240 million in penalties, it’s clear the regulator isn’t convinced the bank has learned its lesson.

ASIC has hit ANZ with a record $240 milion penalty over bond trading and retail missteps, as it pushes ahead with a restructure and 4,500 job cuts.

Experts say the ANZ job cuts furore shows big employers can no longer ignore online forums like Reddit, and in fact should embrace them to detect early warning signs of deeper issues.

Unfazed and rehearsed, new ANZ boss Nuno Matos faced tough questions in Sydney after the bank confirmed 3,500 permanent job cuts, a decision that has sparked backlash.

The new CEO said the bank must simplify and focus on fewer priorities to meet its APRA obligations, after thousands of job cuts raised compliance concerns.

The chief executive of the $85 billion investment house says "it will take a long time" before the US' dominance of the financial system fades away.

Pillemer says he is shocked at moves by Wilson to block a Pengana LIC from investing in private credit. Wilson says the fund has underperformed for a decade and must improve.