Commonwealth Bank
Norris regrets Commonwealth Bank's Storm link
Lucy Battersby The head of the Commonwealth Bank says he regrets the relationship his bank had with Storm Financial and takes some responsibility for what has happened to its clients.
APRA to seek wider powers
Eric Johnston APRA wants to widen its powers to allow it to start supervising the wealth management and investment banking arms of banks and insurers.
February retail sales 'relatively flat'
Garry Shilson-Josling Retail spending was relatively flat in February, according to an indicator measuring electronically processed sales.
ASIC investigates commercial resolution for Storm
The companies watchdog is talking to those involved in the Storm Financial collapse to see if a commercial resolution can be reached.
Stocks to watch at close
Stocks to watch on the Australian stock exchange at close.
Modest gains for Australian stocks
The Australian share market closed marginally higher on thin trading volumes as investors switched out of Rio Tinto into the energy sector.
ASIC to discuss a resolution for Storm
ASIC has begun talks with victims of the collapsed investment group Storm Financial to determine if a commercial resolution can be reached for compensation.
Perpetual flawed process impacts 3 banks
Alison Bell Three more banks could face investor concern over flawed mortgage outsourcing deals with Perpetual, creating confusion over who has legal transaction authority.
Savers' sorrow: Term deposit rates fall despite RBA hikes
Chris Zappone Three of the four major banks have lowered their term deposit rates, just a week after the Reserve Bank raised official interest rates.
Rates tipped to remain on hold
The Reserve Bank's minutes give little indication the central bank will raise rates in April, economists say, amid uncertainty over the Greek financial crisis and local housing lending figures.
Late gains push stocks higher
Late gains pushed the share market to close in positive territory after range-bound trading that ignored an upbeat assessment of the economy by the RBA.
More debt for recycler CMA
Ian McIlwraith Scrap metal recycler CMA Corporation has renegotiated and increased its debts with two of its banks to about $166 million.
Surging house prices herald two rate rises
Peter Martin ECONOMICS CORRESPONDENT THE Reserve Bank has revealed that ''strongly rising'' house prices helped tip its hand when pushing up interest rates this month, saying prices had ''gained momentum'' and were climbing strongly...
Australian stocks close higher
The Australian share market closed stronger on Wednesday on higher commodity prices and the strongest quarterly increase in new home starts in eight years.
NAB chiefs forfeit performance-driven options
Eric Johnston Three of National Australia Bank's most senior executives, including chief executive Cameron Clyne, have missed out on hundreds of thousands of dollars in share-based payments.
It's all Swahili to the V Australia PR mill
Collins & Spencer V Australia's PR people confuse South Africa with Tanzania.
Wanna buy a power plant, or maybe a tunnel?
Ian Verrender We Australians appear to be turning into a nation of contrarians when it comes to economics and business.
E*Trade to undercut CommSec
Eric Johnston Move likely to set off a fresh market-share grab among the online brokers.
Stocks end lower, losses in big sectors
The Australian share market closed lower with losses in most major sectors, following weak leads from offshore.
Liddy's last hurrah may produce big deal for BOQ
Danny John Bank of Queensland chief executive David Liddy is looking to pull off one more sizeable acquisition before he brings down the curtain on a 40-year career in banking.
