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Afterpay sales boom as late fee income share falls

Afterpay sales boom as late fee income share falls

Booming payment business Afterpay says sales processed on its platform more than doubled in the latest half to $2.2 billion, as it stepped up its expansion.

  • by Clancy Yeates

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Take out cash with your iPhone in new ANZ deal
Payments

Take out cash with your iPhone in new ANZ deal

ANZ Bank customers will be able to withdraw cash from an eftpos terminal by tapping their iPhone.

  • by Clancy Yeates
ALP dividend tax plan is 'big risk' for bank investors
Shares

ALP dividend tax plan is 'big risk' for bank investors

A $750 million listed investment fund, says it will re-assess how it views bank shares because of the potential impact from the Opposition's plan.

  • by Clancy Yeates & Stephen Miles
Super shortlist proposal has 'logic': Bernie Fraser
Superannuation

Super shortlist proposal has 'logic': Bernie Fraser

Former RBA governor Bernie Fraser says there is "logic" to a proposal for an official shortlist of top super funds, but it should include more than 10 funds.

  • by Clancy Yeates
Why overconfidence creates reckless CEOs
Opinion

Why overconfidence creates reckless CEOs

Actuary Anthony Asher suggests why the banking royal commission should have examined excessive CEO remuneration.

  • by Anthony Asher
'Done it again': NAB internet banking services resume after second outage in a week
National Australia Bank

'Done it again': NAB internet banking services resume after second outage in a week

Mobile and internet banking services have been restored several hours after frustrated National Australia Bank customers were hit by the second outage in a week on Tuesday afternoon.

  • by Simone Fox Koob
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IOOF’s acquisition of ANZ's OnePath further delayed
Banking products

IOOF’s acquisition of ANZ's OnePath further delayed

Embattled financial advice and wealth group IOOF Holdings' acquisition of ANZ's pensions and investments business, OnePath, has been further delayed.

  • by Stephen Miles
Scandal-plagued Deutsche Bank's future lies in the hands of these six players
Germany

Scandal-plagued Deutsche Bank's future lies in the hands of these six players

Germany's largest lender is in a malaise - and the sense is is it cannot be allowed to last.

  • by Steven Arons, Birgit Jennen & Nicholas Comfort
'Justice has been done': charges against insurance director dropped
Life insurance

'Justice has been done': charges against insurance director dropped

David Brown, a director of embattled insurance group ClearView and chief investment officer of PNG's public super fund, was accused of conspiracy to defraud.

  • by Sarah Danckert
The four steps millionaires use to build their wealth
Rich families

The four steps millionaires use to build their wealth

At the end of the day, building wealth is relatively simple: earn good money, save and invest. But there’s a fourth step millionaires often take.

  • by Hillary Hoffower
AMP chair warns of unintended impact from super 'best in show' list
Exclusive
Superannuation

AMP chair warns of unintended impact from super 'best in show' list

Wealth giant AMP's chairman David Murray said it could distort funds' investment decisions at the cost of members' retirement savings in the long-term. 

  • by Patrick Hatch