'Mayhem' as Australians rush to buy pounds

British one pound sterling coins stand in front of a British Union flag, also known as a Union Jack, in this arranged ...

Australian currency shops are experiencing "mayhem" after Britain voted to leave the European Union and the Pound Sterling fell to its lowest point in more than 30 years.

Macquarie to face penalties over van Eyk fund

Macquarie agreed to a statement of facts with ASIC over investments by a fund for which it was responsible entity.

Macquarie Investment Management concedes it did not do enough as responsible entity to assess the risks taken by a van Eyk fund that collapsed in 2014, after investing $30 million in a Cayman Islands fund.

Traders gear up for Brexit all-nighter

It's going to be a long busy night in London's Canary Wharf financial and business district.

Across Europe, banks are bringing in sleeping bags and bunk beds: It promises to be a record-setting night, whether in terms of trading volatility or in gallons of coffee consumed.

CBA leading the way on diversity

CBA has appointed Anna Lenahan as a new group executive.

CBA has poached Suncorp's chief risk officer, Anna Lenahan, as a new group executive, a hire that will mean women make up half of the 12 senior executive positions reporting to CEO Ian Narev.

Mortgage holders still in too much debt

Home lending standards may tighten further according to new Macquarie research.

Australian banks still allow property investors to borrow a significantly larger multiple of their income than owner-occupiers, despite a crackdown on lending.

Deposits lift on Apple Pay, says ANZ Bank

ANZ chief executive Shayne Elliott, left, and managing director, products & marketing Matt Boss.

ANZ Bank says it has posted strong growth in customers opening deposit accounts in the first full month after its deal to give customers access to Apple Pay on their iPhones.

Brexit could send world 'over the edge'

Wall Street usually knows the risks, but often underestimates them.

The risk of another global recession escalated Friday after Britain's stunning decision to leave the European Union plunged financial markets into free fall.

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