The fall of the “Mighty” Sean Quinn from Ireland’s (and Forbes-listed) richest man to one of the world’s most indebted individuals is perhaps the biggest story of Ireland’s boom-to-bust recent economic…
Despite Cameron's half-hearted efforts, democratisation of listed UK corporations is unlikely.
AAP
Executive remuneration is out of control in the United Kingdom. The final report by the High Pay Commission concluded that “there is rarely a link between directors’ incentives and the way a company performs…
Loose regulation in the UK and elsewhere have left big banks vulnerable to crises.
The most interesting aspect of the United Kingdom’s Financial Service Authority’s exhaustive review of the failure of the Royal Bank of Scotland (RBS) is contained in the foreword, penned by the organisation…
ANZ and NAB have cut their mortgage rates. Will the other two major banks follow suit?
AAP
ANZ and National Australia Bank have passed on the Reserve Bank of Australia’s 0.25% interest rate cut to mortgage holders, lowering their standard variable rates.
Treasurer Wayne Swan called on the big…
Personal loans should be used to fund major infrastructure projects, like the National Broadband Network.
AAP
The Global Financial Crisis should be called the Global Debt Crisis. Too much debt has been created and there is not enough productive capacity to pay the interest on the debt, let alone repay the loans…
Outgoing IBM head Samuel Palmisano with successor Virginia Rometty – the company's first female CEO.
AAP
The appointment of Virginia Rometty as the first female chief executive of IBM represents a significant step forward for women in the world of business.
But while Rometty’s elevation makes her one of…
Euro banks have been urged to reinforce their balance sheets.
AAP
By Kevin Davis, Australian Centre for Financial Studies
Eurozone leaders have moved to address liquidity fears, with the European Central Bank announcing new measures to head off a credit crunch. Britain has also announced quantitative easing measures.
Outgoing…
UBS chief Oswald Gruebel has stepped down after a rogue trader cost the bank $US2.3 billion.
AAP
The chief executive of Swiss banking giant UBS, Oswald Gruebel, has quit following revelations of a $US2.3 billion fraud by “rogue trader” Kweku Adoboli. But the news will come as cold comfort for investors…
Well-intentioned credit protection regulations could make it hard for some people to secure loans.
AAP
The Federal Government has taken significant steps in recent years to protect consumers from predatory lending practices, such as very high-interest “payday loans”.
An unfortunate, though surely unintentional…
Carrying cards and cash on your phone seems like a big call.
Google
So it’s finally here: Google Wallet, a free Android app that turns your (Google) smartphone into a mobile payment system, launched today.
To do this, the company has partnered with Citi, MasterCard, First…
