Business

QBE shares dive as it downgrades profits

John Neal's bonus was cut by $550,000 after not informing the company's board of his relationship with his executive ...

QBE Group has dealt a blow to investor confidence in its turnaround, flagging a hit in its emerging-markets business that is forecast to wipe up to $US100 million off its bottom line.

Westpac hits back at ASIC responsible lending claim

Westpac says ASIC has not established that its sample of seven loans were unsuitable.

Westpac has rejected the corporate watchdog's claim it broke responsible lending laws in the mortgage market, saying the regulator has failed to prove that a group of loans it made were unsuitable for consumers.

Former Westpac planner cops five-year ban

Westpac said is welcomed the ban imposed on its former planner.

A former Westpac financial planner has been slapped with a five-year ban after it was revealed 177 clients had been charged fees without receiving all the services they had paid for.

NAB sees 'extraordinary' opportunity in regions

Opportunities: National Australia Bank chairman Ken Henry and NAB CEO Andrew Thorburn.

National Australia Bank chairman Ken Henry says the nation faces an "extraordinary" economic opportunity to develop regions outside the capital cities, as the bank bets on a long-term lift in rural Australia.

Phone users could be $650m better off, says Vodafone

Covering regional areas is expensive and there are not many customers.

Mobile prices could drop 5.6 per cent nationally, saving consumers more than $650 million collectively every year, if the competition watchdog forces Telstra to share its regional mobile network, Vodafone claims.

Building manager charged over threats

Unionists have been campaigning against Melbourne builder VCON/Element Five.

A construction company manager has been arrested and charged after allegedly threatening to track down a union safety organiser and saying he would "attack you and your family".

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