Business
Banking & finance
Buy now, pay later to face tough new regulation under credit laws
A legal change will bring buy now, pay later providers closer in line with credit providers, including requirements to comply with industry minimum standards.
- by Millie Muroi
Latest
‘It’s going to hurt’ but NAB boss says we have to nail inflation
Ross McEwan believes another one or two Reserve Bank rate rises lie ahead before we get to the peak.
- by Clancy Yeates
Deutsche Bank will pay $113 million to victims of Jeffrey Epstein
The German lender took the sex-trafficking financier on as a client after JPMorgan Chase, his primary bank for roughly 15 years, stopped doing business with him.
- by Matthew Goldstein
‘Another nail in the cash coffin’: Businesses can now take payments on their iPhones
Apple is switching on technology that allows Australian businesses to accept contactless credit card payments on their iPhones.
- by Clancy Yeates
Opinion
Hedge funds
What dangers are lurking in the shadows of the global financial system?
Alarm bells are ringing in the vulnerable global financial system as things start to break. The multitrillion-dollar question is whether there is more to come.
- by Stephen Bartholomeusz
Analysis
Earnings season
Major banks prepare for financial stress and bad debts
An expected increase in bad debts is one of the key risks on the radar for bank investors.
- by Clancy Yeates
AustralianSuper to refund $70 million after overcharging 100,000 people
AustralianSuper will pay about $70 million in refunds to around 100,000 people after finding members with multiple accounts had been overcharged.
- by Clancy Yeates
Perfect storm: How a blizzard bonanza came back to bite Macquarie
A massive storm in the US in early 2021 was a financial boon for Macquarie Group’s energy trading division, but now it is facing legal action accusing it of manipulating the market.
- by Sarah Danckert
‘$800 million in losses’: Trading house hit with class action on behalf of 20,000 Australians
A new class action alleges IG Markets sold high-risk products to consumers without adequate disclosures. The firm is contesting the claim.
- by Sarah Danckert
Analysis
Federal budget
US banking risks loom large in budget’s global outlook
There is no shortage of risks that could threaten the already weak global economic backdrop to the federal budget.
- by Clancy Yeates
FTX chief Sam Bankman-Fried seeks to dismiss fraud charges
The founder of the collapsed cryptocurrency exchange claims that FTX and its lawyers had become de facto agents of US prosecutors, building the criminal case against him.
- by David Yaffe-Bellany and Matthew Goldstein