Macquarie is expecting to rake in less income from its commodities business over the next six months due to lower market volatility.
The class action alleges the two banks engaged in predatory lending practices that stung consumers with unfair high-interest loans.
Shemara Wikramanayake says Australian inflation is six months behind countries where rates have already been cut,but the economy is stronger in other areas.
While NAB is the big fish in business banking,Vacy-Lyle says CBA is also keen to cut Macquarie down to size,by sharpening its focus on the real estate market.
As the number of customers falling behind on their repayments rises,the watchdog says too many people in hardship are finding it hard to get help.
Bank margins will continue to dwindle in the first half of this financial year,analysts say,as customers move their savings into higher-interest offerings.
Macquarie Group has denied it is considering buying a stake in Heathrow Airport after it was reported the company was weighing the purchase of a multibillion-pound slice of the asset.
The first-ever listing of data showing how much more men are paid than women is likely to put pressure on corporate Australia to stop lip service about closing gender pay gaps and create workplaces better reflecting community expectations.
The suggestion to link performance to bonuses may not produce the intended outcomes and may actually hinder the retention of good teachers
The Australian Competition Tribunal has overturned the competition watchdog’s decision not to allow ANZ’s proposed acquisition of Suncorp’s banking arm.
What passes for success – or even progress – is still a low bar.