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Women, young and low-paid workers winners from super boost

Women, young and low-paid workers winners from super boost

The superannuation guarantee, which is the minimum rate of super employers must pay to employees, will rise from 10 per cent to 10.5 per cent on Friday.

  • by Simone Fox Koob

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Abercrombie to chair Humm once again after other directors resign

Abercrombie to chair Humm once again after other directors resign

Abercrombie, who was the consumer lender’s chairman until last December and is its biggest shareholder, will take up the position once again after a tumultuous few months.

  • by Simone Fox Koob
Digital bank Volt, which ‘wanted to change the world of banking’, shuts down

Digital bank Volt, which ‘wanted to change the world of banking’, shuts down

The chief executive of the failed neobank says the company’s dream to take on the big four banks effectively ended on Wednesday after it was forced to shut down due to funding struggles.

  • by Simone Fox Koob
Another one bites the dust: The neobank financial experiment that failed
Opinion
Fintech

Another one bites the dust: The neobank financial experiment that failed

The end of Volt is also a bit of a bloody nose for the regulator and its chair, who issued these three fintech lab rats with banking licences.

  • by Elizabeth Knight
Russia gets caught in messy financial web woven by the West

Russia gets caught in messy financial web woven by the West

Russia has been forced into a default on its foreign debts. But it’s not because of its inability or unwillingness to pay them.

  • by Stephen Bartholomeusz
Credit Suisse found guilty in case involving cocaine, cash and a wrestler

Credit Suisse found guilty in case involving cocaine, cash and a wrestler

Cocaine. Stashes of cash. A down-on-his-luck Bulgarian wrestler. The lurid details captivated the financial world, and now the historic verdict is in.

  • by Myriam Balezou and Hugo Miller
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Market divided on merits of potential Suncorp break-up

Market divided on merits of potential Suncorp break-up

Suncorp shares gained on Monday after the company told the ASX it was a reviewing “strategic alternatives” for its banking arm.

  • by Clancy Yeates
Russia’s financial lifeline faces a new threat

Russia’s financial lifeline faces a new threat

Russia continues to find ways to sell its oil and fund the war in Ukraine despite the West’s best efforts to strangle its revenues. But a new plan is being hatched.

  • by Stephen Bartholomeusz
McDonald’s in, Netflix out: The new face of Magellan reveals her picks

McDonald’s in, Netflix out: The new face of Magellan reveals her picks

Magellan’s global equity fund, co-managed by Nikki Thomas, will be a key influence on whether the embattled money manager can turn things around.

  • by Clancy Yeates
AMP calls for cap on life insurance commission payments to be lifted

AMP calls for cap on life insurance commission payments to be lifted

The financial advice sector is calling for commission payments for life insurance to be maintained, despite conflict of interest concerns.

  • by Simone Fox Koob
Regulators home in on banks’ skinny deposit rate rises

Regulators home in on banks’ skinny deposit rate rises

Australia’s most powerful financial regulators are closely watching how much of the rise in interest rates banks pass on to household savings accounts.

  • by Clancy Yeates