Business

The home loan borrowers left out to dry

Australia's highly-indebted housing market could slow in the second half of the year if banks raise their rates to pass ...

There is a hidden and worrying risk lurking for a particular set of mortgage borrowers, whose level of financial stress is about to get a whole lot worse.

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.

Markets Live: Aveo shares plunge

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The ASX slips into the red as an early rally runs out of puff, while Metcash is boosted on its profit numbers and Aveo takes a hit following a Fairfax investigation.

Crown 19 expected to plead guilty in China

The Shanghai Detention Centre where Crown staff were initially held in 2016.

Crown staff including executive Jason O'Connor are expected to plead guilty when their court case is heard today in Baoshan District Court, outside Shanghai.

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