Ankles are in but there are many pitfalls - and smells - to avoid in pulling off the look.
Banking & Finance
2:26pm Australians are expected to cancel almost a million credit cards during the Christmas and New Year period.
CLANCY YEATES 12:15am Fraudsters are using a phone service for people with hearing or speech impairments as part of a scam in which customers' money is stolen by hacking into bank accounts.
CLANCY YEATES When investors think about risks facing banks, climate change is rarely front of mind. This could be about to change, amid warnings of a "carbon bubble."
Shaun Drummond The Switzerland-based Basel Committee on Banking Supervision is echoing the Murray inquiry’s recommendation to set a limit on the amount banks can leverage their loan books.
CLANCY YEATES Shares in the Commonwealth Bank have jumped to a record high above $85, as analysts say concerns over the financial system inquiry's impact may have been overstated.
Shaun Drummond Pakistan is worried the shutdown of all the accounts of international money transfer agents by Australian banks will make it harder to stop funds being sent to terrorists.
James Titcomb The United Kingdom's top financial watchdog has told the banks at the centre of the foreign exchange rigging scandal that their huge fines should be funded out of this year's round of bonuses.
ADELE FERGUSON The financial planning industry is set for a massive overhaul of its education standards, level of professionalism and ethics, after a powerful set of recommendations by the Parliamentary Joint Committee on Corporations and Financial Services.
GEORGIA WILKINS An independent expert will review the Commonwealth Bank's online broker, Commsec, as part of increased scrutiny over the brand's handling of client accounts.
Latika Bourke and Bevan Shields Clive Palmer's media adviser, Andrew Crook, has been detained in raids connected to the alleged kidnapping of a bank executive, according to reports.
Clancy Yeates and James Eyers Two of Australia's biggest banks, NAB and ANZ, have signalled they are confident of being well-placed to meet tougher capital rules stemming from the government's financial system inquiry.
GEORGIA WILKINS ANZ has attempted to distance itself from its involvement in the collapse of agribusiness scheme Timbercorp despite desperate pleas from investors that the bank is culpable and needs to show compassion.
James Eyers National Australia Bank chairman Michael Chaney has backed the financial system inquiry’s move to create a stronger financial system by forcing banks hold more capital as a buffer against a crisis, which suggests NAB may be less aggressive than some of its competitors in opposing the Murray report.
CLANCY YEATES The bank, which has been a key target of environmentalists because of its large exposure to the resources sector, says the power stations it funds emit less carbon than the national average.
Ruth Liew Exorbitant initial payments that tempt financial advisers to book profits ahead of clients’ interests need to be scrapped, an interim report says.
Ruth Liew The number of DIY super funds has ballooned 29 per cent in the past five years to hit 534,000 retirement saving vehicles with $557 billion in assets.
CLANCY YEATES ANZ Bank is in a stand-off with union representatives over working conditions, despite offering many staff pay rises well above the rate of wage growth across the economy.
James Thomson, Clancy Yeates, James Eyers National Australia Bank has taken another step in its bid to exit the British market, selling a £1.2 billion ($2.3 billion) parcel of higher-risk loans from its UK Commercial Real Estate portfolio to an affiliate of Cerberus Global Investors.
CLANCY YEATES ANZ Bank's lending to big carbon emitters will be under the spotlight at this week's annual meeting of shareholders, after other banks have boosted their disclosure of climate-change risks.
Matthew Cranston Australia’s prosperity in the past decade may have been underpinned by the resources industry but it might be worth knowing that the big four banks have roughly twice as much exposure to agriculture than they do to resources.
CLANCY YEATES Big banks are supporting the creation of a public financial adviser register, more disclosure of licence ownership, and tighter rules on who can call themselves an adviser.
CLANCY YEATES Westpac chairman Lindsay Maxsted has responded cautiously to David Murray's call for banks to hold more capital, saying the need for strong banks must be balanced with the costs imposed on the economy.
Ruth Liew Australians' interest in financial advice soars substantially when they hit their mid-40s, and older men are twice as likely to seek advice as women, new data shows.
ELIZABETH KNIGHT The move by the banking regulator, the Australian Prudential Regulation Authority, to fire a shot across the bows of home lenders to curb riskier practices has two important ramifications.
James Eyers, Jonathan Shapiro, Shaun Drummond Macquarie Group’s lending to property investors is growing eight times faster than the rate the prudential regulator considers prudent.
Georgia Wilkins and Nassim Khadem Australia's financial regulators have launched a joint attack on risky home lending as investment and interest-only loans threaten the stability of the financial system.
GEORGIA WILKINS Australians aren't getting enough protection from bad elements in the financial advice industry because the corporate watchdog is too weak and not proactive, financial system inquiry chief David Murray said.
MAX MASON Investor fears of much tougher recommendations from David Murray’s Financial Services Inquiry have not come to fruition.
Shaun Drummond Bendigo and Adelaide Bank is firming as the biggest bank winner if the financial system inquiry’s recommendations are implemented in full.
James Eyers Australian banks could be dragged into an international arms race to build capital in the wake of the Murray report, analysts have warned. Shareholders seemed unfazed, with bank stocks posting early gains as some said demands weren't as bad as feared.