This Month
Hedge fund founder’s $550,000 loan to be questioned by liquidator
The founder of Perth’s NWQ Capital Management owed more than half a million dollars before its collapse and has told liquidators the loan cannot be repaid.
- Max Mason
March
From scandals to Team Australia: a decade of the AFR Banking Summit
The Summit is in its 10th year. We’ve had a courtside seat to the drama as a tarnished sector recovered during COVID.
- James Eyers and Lucas Baird
January
Wayne Byres joins Macquarie Bank amid governance maelstrom
The former prudential regulator will start as a director at the company’s bank this week – with penalties put in place during his tenure still in force.
- James Eyers
September 2023
Bullock’s power hinges on RBA appointments
Central bankers say concerns about the new RBA governor having less power are only a risk if Treasurer Jim Chalmers appoints “radicals” to the board.
- John Kehoe
- Explainer
- Interest rates
How eight RBA bosses handled 63 years of economic curveballs
Since the RBA was formed in 1960, inflation has been up to 18 per cent and down to -1. Here’s how each governor dealt with their economic curveballs.
- Michael Read
- Exclusive
- NSW budget
NSW’s $108b TCorp faces shake-up under plan to slash debt
Treasurer Daniel Mookhey will order a consolidation of six funds and stop borrowing billions of dollars to invest in financial markets.
- John Kehoe
Lowe passes the happy mug from Stevens to Bullock
Philip Lowe used his final comments as Reserve Bank governor to set the record straight on some things, and pass a symbolic mantle of optimism to his successor.
- Jonathan Shapiro
August 2023
Glenn Stevens-advised hedge fund has licence suspended
NWQ Capital Management’s markets and equities arms cannot provide financial services including accepting any new investments.
- Max Mason
July 2023
- Timeline
- RBA
Philip Lowe: Kid from Wagga to RBA boss
Philip Lowe, considered one of the best economists of his generation started at the RBA 43 years ago. Here are the key dates along the way.
- Tom McIlroy, Les Hewitt and Ingrid Fuary-Wagner
Inside the downfall of a top central banker
Philip Lowe joined the Reserve Bank straight from high school and went on to oversee a period of dramatically shifting economic fortunes. Until his time ran out.
- Michael Read
- Opinion
- RBA
Guy Debelle is standout candidate to be next RBA governor
The treasurer should appoint arguably the finest policy economist of his generation – someone with central banking skills without peer.
- Peter Downes
May 2023
Australia’s top WeWork still an ‘Old Farts Club’
O’Connell St Associates has been getting more diverse. There are still some holding back the exclusive board members club.
- Mark Di Stefano
Watch out for turbulence, warns Glenn Stevens
The former RBA governor says it will be difficult for central banks to achieve a soft economic landing and reduce inflation that is “still way too high”.
- John Kehoe
Macquarie’s commodities division grows to 57pc of earnings
The company reported a bottom line of $5.18 billion for the year to March 3. But some analysts questioned the heavy reliance on its CGM business.
- Ayesha de Kretser
March 2023
- Analysis
- Banking products
Should depositors pay to protect taxpayers from a bank run?
The Rudd government proposed a bank deposit levy and the bank runs in the US and Switzerland has revived questions about Australia’s government guarantee of $1.2 trillion of deposits and who should pay.
- John Kehoe
February 2023
- Opinion
- Monetary policy
Lowe’s silence a setback for investors’ RBA obsession
The Reserve Bank governor will break his two-month hiatus when he faces parliamentarians on February 17. In a period of uncertainty, is that too long?
- Jonathan Shapiro
September 2022
Lowe ungags staff for RBA review
The RBA has contacted former junior and senior RBA officials about participating in a survey about the bank.
- John Kehoe and Michael Read
July 2022
Macquarie warns of ‘softening’ after bumper quarter
Macquarie Group chief executive Shemara Wikramanayake has repeated warnings that earnings may ease from last year’s record levels as uncertainty leads to less dealmaking and asset prices fall.
- Updated
- Ayesha de Kretser
- Opinion
- Chanticleer
Macquarie outshines global rivals
Record first-quarter earnings from Macquarie Group were accompanied by downbeat commentary from CEO Shemara Wikramanayake. The market seems to think the bank’s 2023 profit will not break last year’s $4.7 billion record.
- Tony Boyd
Time to be ‘alert to risk of recession’: ex-RBA governor
Former Reserve Bank governor and now Macquarie chairman Glenn Stevens said central bankers face a difficult environment as they try to tame high inflation.
- Ayesha de Kretser
