GE Capital plans defenestration

GE Capital's remaining commercial finance businesses in Australia will be pared back or sold, as the conglomerate General Electric reorganises around its portfolio of industrial businesses. read more

Pre-crisis CDO strife snares CBA

Commonwealth Bank will settle a class action over structured financial products dating from the closing phase of the 2000s credit boom. The settlement is worth an estimated A$50 million, The Australia.. read more

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