Financial Services

The Motor Trades Association has called on the competition regulator to block the takeover of RAC Insurance and its counterparts in QLD and SA by two industry giants.

The RAC has become the latest state-based motoring group to sell its insurance business, with Sydney-based IAG paying $1.35 billion for the WA business.

ASIC is suing Macquarie Securities for misreporting millions of short sales over 14 years, marking the regulator’s first case on short sale reporting.

Commonwealth Bank of Australia boss Matt Comyn says despite certain risks to the global economy, Australia remains an ideal place to be.

Australia’s corporate regulator has taken aim at Macquarie over longstanding compliance failures in the bank’s futures and derivatives trading arm.

National Australia Bank boss Andrew Irvine says he is heartened by the company’s performance in the first six months of FY25.

Professional services firms are going all in on a new kind of AI in an effort to revolutionise the way we work.

A Perth financial services firm has become the latest in a string of companies to have its licence cancelled for not paying compensation to clients.

WA tightened its grip as the nation’s top-performing economy, leading CommSec's State of the States report for the third time in a row.

The state’s Business News BN30 Index raised its head above 200 points after dipping below that level yesterday for the first time in two and half years, weighed down by global volatility.

A dispute between Pioneer Credit and PwC has progressed, with lawyers for both parties appearing in the Supreme Court of Western Australia.

A third of this year’s winners were WA companies, making it the state’s best showing since the program began in 2019.

Bankwest's new 'just enough bank' slogan seems to have taken a literal turn as it lays off 130 roles just two days after unveiling the new digital-only branding.

The Perth Mint has been appointed as a refinery referee by an international authority on gold, making a comeback from the controversy that surrounded the organisation.

A new boutique financial advisory highlights the pattern of consolidation and renewal in the sector.

The corporate watchdog has sued the trustee Australia’s largest superannuation fund over the delay in processing thousands of death benefit claims.

IAG 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.