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Leading economist warns of 'mini domestic financial crisis' as bank values plummet

Posted on18 Jun 2018
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Leading economist warns of 'mini domestic financial crisis' as bank values plummet Yes, it is another economist warning about impending doom. Independent economic research house Capital Economics is now saying there's a credible risk of an economic scenario no one wants to see — an Australian ...

Will Australia die by the Chinese sword?

Posted on07 Jun 2018
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Will Australia die by the Chinese sword? LIVE by the sword, die by the sword. That’s what they say. In Australia’s case, the sword we’ve lived by has been China. The world’s biggest country has grown rich by feeding on our steel and coal, and we have grown rich alongside it..

Deutsche Bank Australia starts axing equities, trading staff

Posted on29 May 2018
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Deutsche Bank Australia starts axing equities, trading staff The Australian Financial Review foreshadowed that local Deutsche director and derivatives trading boss Thomas Ciszewski and cash trading colleague Richard Bao are among the four departures. The other exits included a derivative sales ...

A “perfect storm” sets off a compliance rush in Australia’s finance industry

Posted on23 May 2018
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A “perfect storm” sets off a compliance rush in Australia’s finance industry Financial institutions in Australia are working overtime to sharpen compliance programmes as the country plans to crack down on white-collar crime and scrutiny on the banking sector intensifies.

Open banking in Australia to be phased in from July 2019

Posted on15 May 2018
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Open banking in Australia to be phased in from July 2019 The Australian government confirmed the plans in response to recommendations made following an independent review published earlier this year.

Australia plots early return to surplus by defying global forces

Posted on08 May 2018
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Australia plots early return to surplus by defying global forces Australia’s government will balance its books earlier than expected thanks to a revenue windfall ahead of a looming general election.

Why China no longer trusts Australia

Posted on01 May 2018
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Why China no longer trusts Australia OUR relations with China are under increasing strain and a former Australian ambassador to Beijing has given a brutal explanation of the tension.

Royal commission: Banks are too big to manage

Posted on24 Apr 2018
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Royal commission: Banks are too big to manage A couple of years ago over a beer in New York, an ex-Wall Street investment banker-turned hedge fund manager expressed scepticism to me about banks running wealth management businesses.

Australian millennials have taken to robo financial advice

Posted on18 Apr 2018
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Australian millennials have taken to robo financial advice Australian millennials are dominating when it comes to using robo-advice to get ahead with their money, according to the latest Robo-advice Report from Investment Trends.

Train drivers are set to get a $1250 bonus during the Commonwealth Games

Posted on10 Apr 2018
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Train drivers are set to get a $1250 bonus during the Commonwealth Games Train drivers will be handed a one off lump sum of $1250 and inflated overtime rates just for doing their job during the Gold Coast Commonwealth Games.

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