Handicap big banks quickly, cry minnows

Regional banks "strongly support the recommendation for an average advanced housing risk weight of between 25 per cent and 30 per cent on 'advanced' banks and would like to see this expedited," a coal.. read more

Hockey sets out to tax super savings

Artificially "converting" labour income into income from savings is a social problem, and one that may lead to tax policy reform, if Joe Hockey and the Abbott government share this thinking. read more

Bank deposit levy locked in

The Australian government is planning to proceed with a tax of five basis points on bank deposits to be announced in the May Budget, the Financial Review reported on Saturday. read more

Macquarie fined by SEC for underwriting breach

The US Securities and Exchange Commission on Friday said it laid charges against Macquarie Capital for underwriting a public offering "despite obtaining a due diligence report indicating that the Chin.. read more

Abbott slaps China one more time on AIIB

After months of indecision, preceded by outright opposition, the Australian Government yesterday said it would sign a memorandum of understanding on the Asian Infrastructure Investment Bank, which wou.. read more