With regulators and various state and federal governments breathing down the collective neck of the retirement village industry, it was little surprise that Aveo was in damage control when it released another record profit.
Adele Ferguson comments on companies, markets and the economy.
When a company announces a $300 million share buyback, misses key financial targets and reveals its chief executive is selling shares, it's a sign that's the party is over.
The big bet doing the rounds is whether Ian Narev will last in the top job at Commonwealth Bank until June 30. The odds are that he – and a number of others – will be gone well before then.
There is hardly a senior figure in Australia that hasn't put the boot into the Commonwealth Bank - and the banking sector – in the past week.
Leaked emails reveal a powerful lobby group has ramped up its attempts to dilute a bill to protect workers from underpayment.
Under normal circumstances Commonwealth Bank boss Ian Narev would be confidently basking in the bank’s glory of a record profit result, but its latest was marred by another scandal.
CBA boss Ian Narev will be hoping the move by the bank board to publicly back him isn't consistent with recent examples.
When Ian Narev presents the Commonwealth Bank's full-year financial results next Wednesday he will need to be careful answering questions about serious allegations it breached money-laundering and terrorism finance laws.
After spending a fortune on a campaign designed to improve its tarnished image and ward off a royal commission, the banking sector must have done a collective face palm at this news.
State governments don't like relinquishing power to their federal counterparts. But there is a strong case to do just that.