Forget the World Cup - another trans-Tasman battle has been brewing.
Banking & Finance
Adele Ferguson and Ruth Williams 12:15am Meritum, a financial advice operation wholly owned by National Australia Bank, finally made a call on high-profile and long-serving financial planner, Alfie Chong in June.
CLANCY YEATES 4:06pm The Assistant Treasurer says the government has no plans for a royal commission into financial advice after the latest revelations at National Australia Bank, saying it is already responding to problems in the industry.
Michael J. Moore 11:57am While Goldman Sachs employees may get less compensation than in the past, many cashed in last year for a payday they've been awaiting since the depths of the financial crisis. Employees exercised options worth $US2.03 billion ($2.59 billion) in 2014, most of them granted in 2008.
Staff reporters 11:36am Renowned contrarian investor and Allan Gray chief executive Simon Marais has died after losing his battle with cancer.
James Eyers Payday lender Money3 has more than doubled its net profit for the half year as its acquisition steak continued ad increased its full-year guidance despite looming regulatory scrutiny on the controversial sector.
SALLY ROSE IOOF Holdings chief executive Chris Kelaher has told shareholders the acquisition of smaller rival SFG Australia last year is on track to add $20 million to the group's bottom line within two years and flagged the wealth manager remains on the lookout for more takeover opportunities.
James Eyers The Australian Prudential Regulation Authority has told banks to review risks that may be lurking in their financial planning divisions as it examines the scandal at National Australia Bank.
CLANCY YEATES The corporate regulator has entered into talks with National Australia Bank to review compensation of financial advice clients.
Mathew Dunckley and Gareth Hutchens The corporate watchdog has revealed it exercised "formal legal powers" as part of an expanding investigation into National Australia Bank's under-fire financial planning division and its big bank peers.
Ruth Liew Henderson Group has more than doubled its net profit to £258.5 million for the year to December, after the dual-listed fund manager reported its best year of investment inflows.
Joyce Moullakis Wilson HTM Investment Group has flagged cost cutting and a possible accounting write-down that will follow the spin-off of its securities unit. The stockbroking and funds management company outlined its plans as it posted an increase in interim profit on Wednesday.
James Eyers The government should make it tougher to qualify for the age pension and shift public expectations that it is an entitlement available to all, the Financial Services Council argues, changes that would alleviate pressure on the federal budget and give the superannuation system a bigger role providing retirement income.
Ruth Liew ClearView Wealth has posted a 9 per cent increase in underlying profits to $9.9 million for the half-year to December.
Shaun Drummond Data company Veda Group will benefit from a lengthening list of regulatory and market changes that require extensive ID checks in the next few years, but has kept its low double-digit earnings growth forecast for 2015.
Shaun Drummond Australia's largest salary packager and car fleet financier, McMillan Shakespeare said its first-half net profit rose 62 per cent as it recovers from the shock of Labor's pre-election plans for car tax break changes.
James Eyers Financial Services Council chief Sally Loane will urge the federal government to view superannuation as part of a national retirement income policy as concerns mount about pressure on the age pension.
CLANCY YEATES The value of new interest-only loans issued by banks, credit unions and building societies expanded by 10.3 per cent to $40.1 billion in the December quarter.
Clancy Yeates and Joyce Moullakis Banks including the Commonwealth Bank, Westpac and National Australia Bank have been embroiled in a crackdown on complex financial products that has forced 10 advice businesses to take corrective action.
Joyce Moullakis Stockbroking and advisory firm Bell Financial Group is encouraged by the start financial markets have had in 2015, despite reporting a dip in full-year net profit.
MICHAEL WEST When players from the industries ASIC is supervising are routinely seconded into its ranks, the public has a right to know.
Ruth Liew The boss of listed life insurer ClearView argues the term "commission" should be dropped and backs a crack down on anti-competitive behaviour in the life insurance industry.
Nassim Khadem and James Eyers NAB boss Andrew Thorburn has defended the reputation of its financial planning arm following Fairfax's exposure of the rogue planning scandal.
Nassim Khadem and Adele Ferguson NAB chief executive Andrew Thorburn will have to face questions at a Senate inquiry as soon as next week following revelations of misconduct in the bank’s financial planning division, and the sacking of 37 of its financial advisers.
James Eyers Law firm Maurice Blackburn says it will investigate the adequacy of compensation offered by National Australia Bank to its financial advice customers amid ongoing concerns that Macquarie Group is denying customers compensation by construing the definition of advice narrowly.
Shaun Drummond and Joyce Moullakis Management and the largest shareholder of Wilson HTM will pay $5 million to buy out the private wealth and stockbroking division of the funds manager.
James Eyers Westpac Banking Corp might review its dividend policy in 2016 if regulators introduce the high capital levels recommended by the financial system inquiry.
ADELE FERGUSON The Nationals senator who triggered a landmark senate inquiry into Commonwealth Bank of Australia and ASIC has submitted draft terms of reference for a royal commission into white collar crime to Treasurer Joe Hockey's office.
NASSIM KHADEM NAB chief executive Andrew Thorburn says the bank will co-operate with a judicial inquiry into the financial planning industry if the Abbott government calls one.
CLANCY YEATES The country's two biggest margin lenders, CommSec and BT, have reported a significant rise in the number of margin accounts being opened each week.
Clancy Yeates and Adele Ferguson Calls are growing for a Royal Commission into the entire financial planning industry, as new leaked documents reveal National Australia Bank identified five key areas within its advisory activities for further investigation.