RBA chief hits out at bankers' bonus culture

New Reserve Bank governor Philip Lowe wants major investment by government in infrastructure.

The new RBA governor has hit out at the incentives-based culture at the major banks, saying banks need to return to being strong, valued professions not "marketing or product distribution businesses". 

"It's like flying a kite with her"

Glenn Rosewall leaves the Supreme Court on Thursday.

The former chairman of failed Sydney stockbroking firm BBY has admitted he consulted a psychic about the running of the troubled business but insisted he was "dismissive" of much of her advice.

Macquarie Group reaffirms results guidance

The company on Monday said its short-term outlook remained subject to market conditions, the impact of foreign exchange ...

Investment bank Macquarie Group has reaffirmed its expectations that its interim and full-year results will be broadly in line with its July guidance, subject to a final review.

Platinum Asset battles shorts with buy-back

Platinum Capital, which is managed by Kerr Neilson, has launched a buy-back, squeezing its shares higher.

Kerr Neilson's Platinum Asset has forced its share price higher only a matter of weeks after Sydney fund manager Jack Lowenstein took a 'short' position in Platinum, betting its shares would fall.

Ex-NAB unit Clydesdale shares tank as woes continue

CYBG, which owns the Clydesdale Bank and Yorkshire Bank brands, dropped as much as 5 per cent in London trading after ...

National Australia Bank's shareholders may breathe a collective sigh of relief that the bank has hived off its troubled UK banking arm Clydesdale after the business on Tuesday lowered loan growth prospects and indicated it may take a year longer than expected to free capital from its balance sheet.

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