A select few stand out as style leaders and inspirers, rather than mere followers.
Banking & Finance
James Eyers Australian banks will look relatively weaker if the global banking regulator goes through with plans to standardise banks’ approach to risk, UBS banking analyst Jonathan Mott says.
CLANCY YEATES Macquarie Group appears to be bucking the weakness engulfing rivals such as Goldman Sachs, JP Morgan and Bank of America.
Ruth Liew QBE will sell agency businesses in North America to Alliant Insurance Services for about $US300 million ($366 million) as the insurance giant seeks to trim the complexities around its business.
Joyce Moullakis ANZ Banking Group is preparing to kick off a sale process for its vehicle and equipment finance business Esanda, which has $16.2 billion in loans, providing further potential action in the financial services deal landscape.
James Thomson National Australia Bank has named British banker David Duffy as the new chief executive of its Clydesdale Bank subsidiary, as speculation mounts about Nab’s potentially “imminent” exit from its troubled British operations.
CLANCY YEATES Stockbroker Charlie Aitken is taking a more upbeat view on the major Australian banks, saying the sector's high dividends makes it a good bet in an environment of record-low yields.
CLANCY YEATES OzForex shares fell sharply this morning after it said Westpac had ended its relationship with the payments company as part of a wider move to exit the remittance sector.
Perry Williams and James Eyers Macquarie Bank expects its full-year result to surge by between 10 and 20 per cent due to improved trading conditions and the lower Australian dollar.
Ruth Liew Global equities fund managers are bracing for increased volatility in their portfolios and revisiting their currency hedging strategies after the Swiss National Bank stunned the world when it abandoned its cap on the Swiss franc.
CLANCY YEATES Banks are slicing interest rates on popular online savings accounts, as competition for deposits wanes and costs are pushed up by new regulations. Major lenders including ANZ, Westpac, and HSBC have cut various rates on online saver products this month, continuing the recent trend of falling returns.
CLANCY YEATES National Australia Bank is seeking to lift its exposure to the fast-growing Indian economy, as the government pushes for financial services to be part of any free trade agreement.
Bianca Hartge-Hazelman National Australia Bank is now the top banking stock pick at Credit Suisse and Morgan Stanley amid predictions that big four banks could briefly outperform the market in the first quarter before uncertainty sets in.
CLANCY YEATES Peer-to-peer lenders have posted spectacular growth overseas. How big a threat are they to local banks?
CLANCY YEATES Business credit growth looks unlikely to pick up from its sluggish pace over the coming months, according to new figures showing demand for loans slowed late last year.
CLANCY YEATES Australian bank profit growth is likely to be slowed down this year by higher bad-debt charges and hot competition for customers, a new report from Fitch Ratings says.
Joyce Moulakis Investment bankers will have more spring in their step in 2015 amid expectations of moderately better bonuses on average in January and February, helped by selective hiring and healthier fee income at many firms.
STEPHEN CAUCHI Commonwealth Bank has joined a growing number of forecasters predicting that the official cash rate of 2.5 per cent will stay on hold in 2015.
GEORGIA WILKINS The corporate regulator has slapped new licence conditions on Suncorp's life insurance advisory firm Guardian Advice, after it hired several advisers from failed firms.
Ruth Liew National Australia Bank’s internet and telephone banking services are now starting to come back online after customers were left in the lurch when they were knocked offline on Tuesday morning.
Jonathan Shapiro One of ANZ Banking Group’s most senior traders has been suspended during an investigation by the corporate watchdog into possible manipulation of the bank bill swap rate.
GEORGIA WILKINS The Commonwealth Bank has been accused of deliberately delaying a compensation scheme for thousands of potential victims of its scandal-ridden financial planning arm to avoid hefty payouts.
Australians are expected to cancel almost a million credit cards during the Christmas and New Year period.
CLANCY YEATES Fraudsters are using a phone service for people with hearing or speech impairments as part of a scam in which customers' money is stolen by hacking into bank accounts.
CLANCY YEATES When investors think about risks facing banks, climate change is rarely front of mind. This could be about to change, amid warnings of a "carbon bubble."
Shaun Drummond The Switzerland-based Basel Committee on Banking Supervision is echoing the Murray inquiry’s recommendation to set a limit on the amount banks can leverage their loan books.
CLANCY YEATES Shares in the Commonwealth Bank have jumped to a record high above $85, as analysts say concerns over the financial system inquiry's impact may have been overstated.
Shaun Drummond Pakistan is worried the shutdown of all the accounts of international money transfer agents by Australian banks will make it harder to stop funds being sent to terrorists.
James Titcomb The United Kingdom's top financial watchdog has told the banks at the centre of the foreign exchange rigging scandal that their huge fines should be funded out of this year's round of bonuses.
ADELE FERGUSON The financial planning industry is set for a massive overhaul of its education standards, level of professionalism and ethics, after a powerful set of recommendations by the Parliamentary Joint Committee on Corporations and Financial Services.