Are class actions cactus?

The High Court dismissed an appeal from ANZ Bank customers on Wednesday, ending a class action that has been running for ...

 As the $55 million decision was delivered at the High Court in Canberra this week, it sounded to some as if it were a death knell for class actions.

Credit Suisse call out commission conflicts

Credit Suisse is upbeat on private banking across APAC, with Alex Wade (left), the firm's Australian private banking ...

Credit Suisse's Asia Pacific private banking boss Francesco de Ferrari has hit out at the commission payments paid to wealth advisers and stockbrokers in Australia, noting the structure is rife with conflicts.

After six years, ANZ wins bank fee case

The Australia & New Zealand Banking Group Ltd. (ANZ) logo is displayed outside a branch in Melbourne, Australia, on ...

The High Court has delivered the final blow to a long-running legal battle over bank fees, upholding a decision that ANZ Bank was entitled to charge late payment fees of up to $35.

Accounting for Dick Smith failures

business pic greg newington afr syd 981229 ...  generic money businessmen.  big business etc.  ****afr use only do not ...

As the receivers, administrators and ASIC work through the wreckage of Dick Smith's collapse, the accounting profession has questions to confront.

Bank dividends 'simply unsustainable'

The big banks' dividends are in the spotlight, again.

The most obvious response to likely increases in capital requirements would be to cut shareholder payouts, Perpetual portfolio manager Anthony Aboud says.

HSBC bankers charged over $4.9b currency deal

The arrest of the two HSBC executives is a coup for the US Justice Department, which has struggled to build cases ...

Too bit to jail? Not anymore: The arrest and charges are a coup for the US Justice Department, which has struggled to build cases against individuals in its investigation into foreign-exchange trading at global banks.

Home loan arrears edging higher

Warning bells as arrears continue to edge higher

The number of housing loans with payments overdue crept up further in May, giving weight to concerns about potential problems emerging for banks if the economy gets into trouble.

What do we pay fund managers for?

The median Australian shares manager delivered around 1.3 per cent over the year.

For most of us who pay hefty fees for professional managers to look after our super, a study of their performance in 2016 should be a worry.

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