Latest Finance Stories

Revolving Doors: want a high-paid job at the bank? Become a politician

Revolving Doors: want a high-paid job at the bank? Become a politician

Australia’s banking sector is a haven for government ministers, prime ministers, state premiers and a slew of top bureaucrats. Our Revolving Doors investigation into this most mollycoddled of industries begins today. We expose, not those who have “taken the money and run”, but those who have run for the money.

Government debt deepening rapidly – well before COVID-19

Government debt deepening rapidly – well before COVID-19

The Coalition won the 2013 federal election beating their chest about Labor’s “debt and deficit”. Thanks to COVID-19, we’re unlikely to see a surplus in our lifetime or our children’s. But, let’s not forget that the current debt blow-out occurred well before the coronavirus impacted the economy. Alan Austin checks how Australia shapes up against other OECD countries.

Virgin Australia: buy the business, don’t bail out the shareholders

Virgin Australia: buy the business, don’t bail out the shareholders

Virgin Australia is pleading for a bail-out twice what its shares a worth. Its wealthy foreign shareholders can afford to pay. They’ve scampered. What is the answer? The answer lies in an Act of British Parliament, that is Section 51 of Australia’s Constitution. Michael West reports on a neat solution to a very untidy problem, the looming wave of defaults by large corporations.

GFC v Corona Crash: why it’s different this time

GFC v Corona Crash: why it’s different this time

Scott Morrison and Josh Frydenberg can kiss their cherished budget surplus goodbye. They never quite got there. Now we await their stimulus package, surely a more decisive affair than the bushfire response.Markets cratered around the world overnight on a 30 per cent...

Swerving SWIFT: the story behind Westpac’s money-laundering calamity

Swerving SWIFT: the story behind Westpac’s money-laundering calamity

Bankrolling pedophiles, facilitating massive money-laundering schemes and terrorist-financing have branded Westpac, deservingly, an instant pariah of the banking world. As regulatory intelligence expert Nathan Lynch reveals here however, Westpac is unlikely to be alone. The story behind the story is industrial scale tax avoidance, the concealing of enormous cross-border payments

[ Click to find out more ]

Michael West Email

Get Our Weekly Newsletter

Unsubscribe anytime.

Thank you! We'll also confirm via email.

Pin It on Pinterest