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Latest news: Financial and Business Service
Feeble retail sales growth reflects stretched consumers
Consumers appear to be spending more cautiously in a sign the Reserve Bank's mission to reduce inflation is working as intended.
Sep 28, 2023
Great Southern banks profit, readies microbusiness move
Great Southern Bank will launch a modern platform for under-served microbusinesses in partnership with Sydney fintech Constantinople this year.
Sep 20, 2023
Magellan names new chairman amid big drop in profit
Andrew Formica will take over as Magellan chairman from Hamish McLennan as the fund manager announced its full-year profit dropped 57 per cent to $174 million.
Aug 18, 2023
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Fossil fuel finances drying up as CBA cuts support
Australia's energy transition has received a significant boost after CBA, the nation's biggest lender, ruled out direct financing of oil and gas projects.
Aug 09, 2023
CBA posts record profit as mortgage borrowers cling on
As rising interest rates boost Commonwealth Bank profits, consumers appear relatively resilient with mortgage arrears remaining low.
Aug 09, 2023
Suncorp Group posts bumper jump in full-year profit
Suncorp Group says it still hopes to sell its banking division to ANZ but regulatory delays will cost it between $75 million and $100 million.
Aug 09, 2023
PwC sells government arm amid questions over conflict
PwC Australia and Allegro Funds have agreed on terms for the sale of the former's government consultancy business to the private equity firm for a nominal $1.
Jul 04, 2023
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Tainted PwC partners and staff to be publicly named
As PwC appoints a new CEO and offloads its government business, an inquiry has heard an investigation into the tax scandal will name culprits.
Jun 26, 2023
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