Like Dr Who, banks will be back with a new look

Adele Ferguson and Eric Johnston The troubles at RBS and the downsizing of the once dominant Macquarie are symptomatic of a trend in investment banking globally. But the real bloodletting is still to come.

Dark days for investment banks

Adele Ferguson, Eric Johnston The troubles at RBS and the downsizing of the once dominant Macquarie are symptomatic of a trend in investment banking globally. But the real bloodletting is still to come.

Westpac and ANZ face backlash after rate hike

Eric Johnston ANZ and Westpac are bracing themselves for a customer backlash after becoming the first banks in four years to put up rates without guidance from the Reserve Bank.

ANZ move is damage control

Eric Johnston In lifting mortgage rates by just 6 basis points, ANZ hopes to please its investors, while trying to minimise the provocation to customers and politicians.

Comments 11

ANZ stings new clients in rate rise

Peter Martin and Eric Johnston ANZ has quietly lifted the mortgage rate it charges new customers.

Comments 15

RBS chief 'looking for exit'

Adele Ferguson, Eric Johnston Head of Royal Bank of Scotland's Australian arm believed to have told senior staff he plans to step down after expected sale of investment banking arm.

Funds misused at MF Global

Eric Johnston An investigation revealed the US company misused funds days before filling for bankruptcy.

NAB to review ailing British expedition

Eric Johnston After a decade of poor returns, NAB has finally admitted that its British strategy is not working.

California fund entrusts $500m to Australian manager

Eric Johnston One of the world's biggest pension funds chooses fund manager behind Australia's industry funds.

NAB shares slump on UK business review

Eric Johnston NAB has finally launched a review of its UK business, which is battling a market in the grip of a prolonged recession.

Star's fall to earth accentuates Perpetual's fading lustre

Michael Evans and Eric Johnston When Chris Ryan hosted an executive dinner it appears few had any inkling that something was up.

Ryan pays price as fund slumps

Eric Johnston Perpetual has dismissed Chris Ryan just short of a year after he was appointed chief executive.

Perpetual boss exits after strategy stoush

Eric Johnston Perpetual chief executive Chris Ryan has left the company after only one year in the job, following a disagreement with the board.

Banks no longer the pick of the crop

Eric Johnston THE rule of thumb is it is better to be an investor in banks than a depositor but even after a year of record profits that's still not enough to have shareholders flocking to the sector.

Low growth takes the shine off big banks

Eric Johnston Banks are finding that now, more than ever, profit growth is hard to come by.

Westpac set to slash more staff

Eric Johnston Staff at Westpac face a second wave of job losses as the bank tries to cut costs.

Rinehart confirms Fairfax share raid

Eric Johnston Mining billionaire Gina Rinehart has raised her stake in Fairfax Media to least 12.6 per cent - as of Wednesday.

Call to block Rinehart's board bid

Matt O'Sullivan and Eric Johnston Geoffrey Cousins calls on major shareholders to block Gina Rinehart from gaining a board seat at Fairfax Media.

Rinehart edges closer to 14% stake in Fairfax

Eric Johnston Mining magnate Gina Rinehart last night inched closer to her target of a 14 per cent stake in Fairfax Media, emerging as the single biggest holder and boosting her push to take at least one of the...