Georgia Wilkins

Banking

Strong equities business boosts Credit Suisse profit

Swiss bank Credit Suisse

Georgia Wilkins Credit Suisse's Australian arm says stronger activity has helped boost its profit by 40 per cent.

Banking

Big four dilemma looms but failure is not an option

Promotional material from Australian banks, the Commonwealth Bank of Australia, clockwise from right, Westpac Banking Corp., National Australia Bank Ltd. and Australia & New Zealand Banking Group Ltd. (ANZ), are arranged for a photograph in Sydney, Australia, on Tuesday, Feb. 7, 2012. Australia's central bank unexpectedly kept interest rates unchanged as two cuts late last year help the economy weather Europe's debt crisis. Photographer: Ian Waldie/Bloomberg

Georgia Wilkins Should the major banks pay for a bailout that may never be needed, asks Georgia Wilkins.

Aviation

Qantas, four other airlines to pay $38m in air-freight rigging case

Georgia Wilkins Qantas and four other airlines, including Singapore Airlines, are preparing to settle a seven-year, $38 million class action relating to claims of rigging the cost of air-freight services.

Regulation

BHP, Rio join campaign against OECD limits on profit-shifting

A woman gestures in front of a BHP Billiton sign during a h

Georgia Wilkins Mining giants join tech firms to lobby against efforts to stop shifting profits offshore.

Banking

BOQ in $440m Investec deal

Georgia Wilkins Bank of Queensland is moving further beyond its home state with the acquisition of Investec Australia's specialist finance and leasing business for $440 million.

Banking

Bank of Queensland to buy Investec units as profit surges

Bank of Queensland

Georgia Wilkins Bank of Queensland is in a trading halt after Investec announced it has entered into a definitive agreement with the bank to sell its professional finance business.

Banks

ANZ boss keeps eye on housing

ANZ chief executive Phil

Georgia Wilkins The local head of Australia's third biggest home loan lender says there is nothing concerning about house price rises in Sydney.

Regulation

Inquiry told ASIC wants more power to regulate financial advisers and banks

generic asic thumb

Georgia Wilkins The ASIC wants greater powers including the ability to hold advisers to higher standards.

Markets

Watchdog ASIC calls for more powers

GENERIC ASIC. AFR 
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AFR FIRST USE. SPECIALX 73136

Georgia Wilkins The corporate watchdog wants more powers to bring it up to speed with overseas regulators.

Financial Inquiry

Bank experts call for financial system overhaul

Generic Banks illustration. 09/02/2014. Photo illustration Chris Pearce

Georgia Wilkins Government urged to examine implications of potential manipulation of benchmarks.

Taxation

Taxation Office targets e-commerce companies over profit shifting

Georgia Wilkins, Ben Butler Increased international co-operation with overseas regulators helps ATO learn how high-tech companies are avoiding paying their share of tax.

Health insurance

The jury is out on Medibank Private's sharemarket prospects

Georgia Wilkins, Jessica Gardner The health insurance sector faces headwinds, write Georgia Wilkins and Jessica Gardner.

Tax crackdown targets big firms

Australian Tax Office

Georgia Wilkins, Noel Towell and Ben Butler An Australian Tax Office crackdown on ''corporate tax erosion'' has revealed that at least three major multinational technology companies are paying ''very low or no taxation'' in Australia.

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Banking

NAB surprises market by naming Andrew Thorburn as next CEO

Andrew Thorburn

James Eyers, Joyce Moullakis and Georgia Wilkins Andrew Thorburn, the incoming chief executive of National Australia Bank, is described as an energetic banker able to motivate staff but someone who has kept a low profile during his six years...

Regulation

ASX seeking to scrap ownership rules

Generic photo of the ASX  board in Melbourne.I

Georgia Wilkins The Australian Securities Exchange has stepped up its push to abolish ownership rules that restrict entities from holding a more than 15 per cent stake in the bourse.

Regulation

Big four banks the winners as Finance Minister Mathias Cormann puts FOFA reforms in limbo

Big Four Banks ANZ Westpac NAB Commonwealth  Illustration Karl Hilzinger
For SI 12th January 2010

Georgia Wilkins Big four the main winners from a watering down of Labor's financial advice reforms.

Tax

'Last chance': ATO amnesty for offshore cash

money, cash,

Georgia Wilkins The Tax Office is allowing Australians with money parked in offshore accounts to avoid harsh penalties by coming forward.

Financial system inquiry 'short-changed'

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Georgia Wilkins Treasurer accused of drawing too heavily on advice of bankers and hedge fund managers.

Financial system inquiry 'short-changed'

Joe Hockey.

Georgia Wilkins Treasurer Joe Hockey has been accused of drawing too heavily on the advice of investment bankers and hedge fund managers to guide the government's financial system inquiry.

Probe

Joe Hockey gives financial system inquiry international flavour

Georgia Wilkins Treasurer Joe Hockey has appointed four international business people to advise the government on its financial system inquiry.