Financial Services

Insurance Australia Group boss Nick Hawkins says the company is ready to support customers potentially impacted by Cyclone Alfred.

The possibility of RAC’s lucrative insurance business being sold has moved closer after industry heavyweights IAG and Allianz brought in advisers to help them pitch a deal.

Less than half of share market floats in 2024 turned a profit, with expectations of another tough year.

Westpac’s 2025 first quarter unaudited profit dipped by 9 per cent to $1.7 billion, compared with its 2024 second half quarterly average.

OPINION: The stock exchange is struggling with relevancy and technology against a backdrop of surging global private capital.

The Commonwealth Bank of Australia's cash profit grew by 2 per cent to $5.13 billion during the first half of the 2025 financial year, which was spurred on by volume growth in key businesses.

Business News’ corporate finance survey shines a light on the top financial and legal advisers in WA amid a surge in gold sector activity.

Corporate finance firm Euroz Hartleys is anticipating net profit of $6.25 million for the first half after capitalising on a “brief but strong” wave of equity capital market work.

Australia’s consumer price index rose 0.2 per cent in the December quarter, buoying expectations the Reserve Bank of Australia could cut rates in February.

WA has maintained its spot at the top of the CommSec State of the States report for the second quarter running, ranking first in five of eight economic indicators.

The 2025 iteration of PwC’s Global CEO survey has found the slow adoption of AI in the workplace and the inflation fight are the two largest concerns for Australian executives.

Australian Finance Group has announced its first two equity investments in broker businesses following its November move to offer its networks growth-enabling finance.

The Chamber of Commerce and Industry Western Australia has appointed Peter Cock as its next chief executive, to replace Chris Rodwell.

Australia's trimmed mean inflation fell to 3.2 per cent in November, but jobs figures suggesting a tightening of the labour market have dashed hopes of a February rate cut.

Perth accountant Vittorio Letizia has appeared in Perth Magistrates’ Court charged with five counts of insider trading.

The heat’s building over interest rates as Australia leads all comers in the race no-one wants to win.

Gary McGrath has overseen a significant restructuring of Bankwest’s operations in his role at CBA.

DigitalX will receive more than 80 per cent of the funds recoverable from the 351BTC it lost in the collapse of crypto exchange Mt. Gox.

The Australian Securities and Investments Commission has sued HSBC Bank Australia over what it described as “systemic and widespread” failures to protect customers from scams.

Treasurer Jim Chalmers has appointed a former banking executive and an economics professor to the Reserve Bank board, following a six-month review into monetary policy setting.

Fund manager doubles down on strategy that has made him rich.

The Reserve Bank of Australia has held the cash rate steady at 4.35 per cent as expected but economists have noted a shift in the board's tone.

A desire to de-risk and diversify portfolios is driving more wealthy WA investors into alternative asset classes.

ANZ Banking Group chief executive Shayne Elliott has announced his retirement, effective from July 2 next year.

West Perth-based lithium explorer Lepidico has called in administrators from KordaMentha, who intend to start a sale or recapitalisation of the business soon.

ASX-listed Pioneer Credit has announced plans to raise $10 million, in order to increase its purchase debt portfolio investments.

Nicola Forrest has driven a $100 million investment into a female-focused philanthropic fund, through her family's Minderoo Foundation.

Commonwealth Bank has paused its “kick in the guts” move to charge a $3 fee on in-branch and online transfers for some customers after a pile on from across the political isle.

Australia has recorded its lowest annual economic growth since 2020, up only 0.3 per cent in the September quarter, the Bureau of Statistics found.

The founders of service provider to rich families Squadron Collective and its fund manager Fiftyone Capital – initially backed by Laurence Escalante – have ended up in a court battle over control and ownership.

Australian Finance Group has announced it is offering to take a non-controlling equity stake across its network of mortgage broking businesses.

The superannuation sector has been rocked by another case of poorly managed member funds and a lack of accountability.