James Eyers

A group of more than 100 shareholders plans to file an annual meeting resolution calling on the lender to implement a strategy to stop financing land clearing.

The migration of Commonwealth Bank’s retail, business and institutional systems is an Australian first and one of the biggest moves to the cloud by any bank globally.

A proposal to exempt smaller banks from the data sharing regime would ease their cost burden, but critics say it would be a backward step for customer choice.

The Fair Work Commission has asked the bank to provide “further context” around proposed redundancies, and how they differ from roles advertised in India.

After its cost-cutting, attention has shifted to the bank’s technology strategy and the likely scaling back of Shayne Elliott’s pet project, ANZ Plus. 

Macquarie’s mortgage book has surpassed $150 billion for the first time, giving it a 6.37 per cent share of the market as competition ramps up.

Senator Andrew Bragg says the Coalition could use new powers attached to a payments bill this month to stop the Reserve Bank’s attempt to cut interchange fees.

Assistant Treasurer Daniel Mulino said the federal government will release draft laws that will require crypto platforms to hold a licence.

Christine McLoughlin says the ugly projections for climate change-induced losses, released by the government last week, must be heeded as a call to action.

ASIC has approved a stablecoin issuer – Macropod, backed by Mark Carnegie’s crypto firm – for the first time.