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LATEST ARTICLES
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Australian banks adore residential mortgages. But they are ignoring a cohort of people who are going to run into a lot of trouble with repayments.
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From small beginnings as the offshoot of a British merchant bank in 1969, Macquarie has become the world’s largest infrastructure asset manager, a powerful investment bank, a global commodities player and several other things besides. It has built all of this through a distinct culture built on risk management, individual empowerment and a capacity for constant reinvention – but it hasn’t always been popular along the way. A new book by Euromoney’s senior editor in Asia Chris Wright and Joyce Moullakis examines the journey.
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The Australian Securities Exchange took a leap of faith in commissioning Digital Asset to build a blockchain replacement for its clearing and settlement engine five years ago – perhaps too big a leap. Here, Digital Asset’s CEO explains what went wrong and what was learned.
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Market experts fear that continued inflation and poor growth mean that many currencies are vulnerable to the pressure that the UK has seen recently.
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As spreads widen for credit, Macquarie is rushing in.
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China, the US, Australia and Japan are all conducting a curious courtship with Pacific nations, hoping to build trade relationships, climate resilience and security agreements.
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Logging only a 1.2% decline over the past year is good going for Australia’s sovereign wealth fund, testament to a policy to build an inflation-ready portfolio relying heavily on private markets.
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The strength of the Australian economy is not enough to convince analysts it is a good time to increase AUD exposure.
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The merger, if it gets through the competition regulators, underlines the fact that nothing matters more in Australian banking than mortgages.
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Lombard Odier joins Barclays and Nomura in hoping to grow partnerships and shareholdings in a market that is heavily banked but underpinned by a vast institutional bid and a belated surge towards sustainability.
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Almost half of the Australian group’s record profit came from the Americas this year. Will Macquarie still call Australia home?
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For four years, a criminal case brought by an Australian regulator against Citi, Deutsche Bank, ANZ and six bankers who were facing jail has looked ill-judged, acting retrospectively against common market practice in a share placement. Now it has collapsed and lessons need to be learned
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Macquarie has emerged from the pandemic cashed-up and ready to spend.
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A longstanding pioneer in illiquid and private assets, Australia’s Future Fund has found itself well placed for an uncertain and yieldless world. It got here by being able to adapt to changing conditions and CIO Sue Brake knows there is plenty more of that to come.
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Macquarie Group chief executive Shemara Wikramanayake has laid out her bank’s ambitions in green energy, as its Green Investment Group reports a record portfolio.
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An Australian court case brings together a former prime minister, Goldman Sachs, and a tale of friendship asunder at a funds management company.
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Australia is not the first country that comes to mind with regards to climate action. But away from the political rhetoric, the exceptionally powerful superannuation funds and corporates are pushing change. The key is an acceptance that in Australia it’s all about transition.
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Australia is an interesting market for those wondering how neobank models might evolve, as it has already experienced success, failure, and sale to the incumbents.
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Afterpay’s out-of-nowhere success has captivated Australia for some time, dividing the nation into fans and critics of the pay-later fintech. Now it is part of Australia’s biggest-ever M&A deal.
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A Royal Commission in Papua New Guinea has heard evidence that accuses UBS of exploiting the country in a complex 2014 loan, which it is claimed enriched the Swiss bank inappropriately and was awarded over the objections of the then-Treasurer of PNG. It will report its findings in September.
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The bid for Australia’s biggest airport highlights pension funds as the most powerful names in town. And take a look at the advisers.
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Upstart Jarden has fine people; Nomura has network and balance sheet. Will a partnership work?
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Australian lender serves up word soup along with first-half results.
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Francesco de Ferrari gave up a plum private banking job at Credit Suisse to take over troubled AMP. It was always a tough ask. Personnel mis-steps did not help, but in the end there was not going to be much of a business left for him to run.
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Investment bankers head for the exit at Australian business.
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The Malaysian lender has reached a $700 million settlement with the Malaysian government. It draws another line under 1MDB, but Najib’s trials will rumble on.
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The Australian financial services company has announced a profit guidance upgrade prompted by a win from its commodities business thanks to the crisis in Texas. It’s a bad look, but it illustrates both a complex and flawed market, and a bank with a great eye for a niche.
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Diversification has insulated Australia’s sovereign wealth fund through a difficult year.
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Xinja wanted to be different, but Covid hit at the worst possible time – after it had launched a high-interest deposit business, but before it had offset that with lending.