Business
Banking & finance
The $3.5 trillion Australian prize that has Wall Street salivating
Morgan Stanley chief James Gorman has been tapping his Australian roots to access one of the world’s fastest-growing corners of global capital.
- by Richard Henderson and Amy Bainbridge
Latest
Bargain hunting on the ASX as bad news offers discount deals
“When there’s blood on the dance floor as there is now, this is when the best opportunities emerge,” says Ophir senior portfolio manager Andrew Mitchell.
- by Clancy Yeates
Latest FTX allegations include plan to buy Nauru to survive cataclysm
Bankrupt FTX Trading’s latest lawsuit against co-founder Sam Bankman-Fried and his former top executives has revealed new details about the allegations of massive fraud at the fallen crypto conglomerate.
- by Hannah Miller
Opinion
Mergers & acquisitions
ANZ’s blockbuster bid for rival bank to go down to the wire
As D-Day looms for the Australian banking sector’s biggest proposed deal since 2008, ANZ and Suncorp are trying to persuade regulators that the local industry isn’t a cozy oligopoly.
- by Clancy Yeates
‘Everyone thinks I’m a criminal’: The Millennial money manager and the missing millions
Mitchell Atkins, 31, is desperately trying to save his “$1 billion” business empire and reputation. But the corporate watchdog, liquidators and disgruntled investors say the money is missing.
- by Sarah Danckert
Westpac reshuffles the pack as top executive exits
Chief executive Peter King said the bank wanted to sharpen its focus on business and consumer banking as he unveiled a new structure.
- by Clancy Yeates
Opinion
Commonwealth Games
Government stuff-up or consultant spin: Who’s responsible for the Games debacle?
The internationally embarrassing episode of Victoria ditching the 2026 Commonwealth Games is surely the point at which satire meets reality.
- by Elizabeth Knight
Jan went missing after a multibillion-dollar scandal. Three years later, he has sent a sign of life
Wirecard’s chief operating officer has been on Interpol’s most wanted list after disappearing following the dramatic implosion of the German payments company in 2020.
- by Karin Matussek
The CEO who became one of the faces of the global financial crisis dies
In 2008, Time magazine named Angelo Mozilo as one of the “25 People to Blame” for the global financial crisis.
- by Patrick Oster
Opinion
Stock picking
The $100b question: What’s ailing fund manager Magellan?
The hit from rock star stock pickers leaving the business is largely in the past. But the fund manager still faces a long road to regain investor confidence.
- by Clancy Yeates
CBA’s Matt Comyn warns full rate-rise hit yet to come
The head of the banking giant says there will be more pressure on households over the next six months, as past rate rises flow through to customers accounts.
- by Clancy Yeates