Today
Euroz hoovers up Azure Minerals stock after SQM’s $1.6b bid
Stockbroker Euroz Hartleys was hoovering up shares in lithium play Azure Minerals on Monday morning, after the company signed a binding deed with Chilean giant SQM at $3.50 a share.
- 1 min ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
How Michael Lewis made a fortune writing about money
The author’s nose for a story has made him a figure as influential in finance as most of the people in his books – and probably as rich.
- Jake Kerridge
NRMA to offer home loans funded by Bendigo Bank
Like Qantas, the IAG-owned insurer will distribute mortgages to its customers via an origination platform created by fintech Tic:Toc, funded by Bendigo Bank.
- James Eyers
Yesterday
‘Shiny shopfronts’ led police to bust $10b Chinese crime ring
Seven people have been arrested in connection to an alleged Chinese money laundering ring whose operators were said to lead lives of luxury.
- Patrick Durkin
Plenty of interest in Damstra as overseas software firms circle
The company sells an enterprise protection platform that targets worker safety, risk management and compliance for clients such as New Hope and Glencore.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
Five V Capital’s deal makers chase $700m for fifth buyout fund
Adrian MacKenzie and Srdjan Dangubic’s Five V Capital is donning the hard hat to raise $700 million for their fifth buyout fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Private debt player Revolution AM poaches BofA banker for PM
Pratik Joshi, a Sydney-based vice president in Bank of America’s asset backed securities division, has deflected to work alongside Revolution’s founders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Magellan chairman’s brutal reset starts with CEO’s exit
Andrew Formica has ended the tenure of David George, as well as the latter’s ambition of getting the funds under management back to $100 billion.
- James Thomson
Magellan chairman drops $100b ambitions as CEO departs
Magellan’s Andrew Formica has ditched outgoing chief executive David George’s ambition to restore the manager to $100 billion as he searches for a new CEO.
- Jonathan Shapiro
Judo chairman lashes investors for tanking share price
Peter Hodgson said the board was “taken aback” by the falls, and attacked “short-term vicissitudes” in the market.
- Lucas Baird
Former JPMorgan banker launches $157m AUKUS fund
Technology start-ups in defence are capitalising on heightened geopolitical tensions, and fund managers are jumping in.
- Matthew Cranston
The favourite lunch spots of Sydney’s top bankers
End-of-deal lunches are thinner on the ground these days, but still, bankers have to eat. Here are their top lunch spots in Sydney.
- Aaron Weinman and Jemima Whyte
This Month
- Opinion
- Chanticleer
Bullock squares up for inflation fight in first speech
It took only two minutes for Michele Bullock to refer back to Philip Lowe’s warning about high inflation. She is staying the course.
- Anthony Macdonald
- Opinion
- Monetary policy
The next RBA rate move will be down, says Westpac
The next move in interest rates will be down, says the bank’s economics team, which is now led by a highly regarded former Reserve Bank assistant governor.
- Karen Maley
IAG to be hit with more Greensill-related insurance claims
US financier White Oak will allege that the insurers became aware in early-to-mid 2020 that there was, or might be, a problem with some policies.
- Jenny Wiggins and Liam Walsh
New Bendigo chairman not giving up on Queensland dream
David Foster, a former boss of Suncorp Bank, has taken the chairman’s seat at Bendigo and Adelaide Bank, and remains keen to grow in regional Queensland.
- James Eyers
MST Financial signs veteran banking analyst Brian Johnson
Long-serving banking analyst has resurfaced six months after he left US investment bank Jefferies.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Two things holding back Australia’s IPO market
It’s another year of what could have been for new listings on the ASX. The only way to end the drought is to cut prices.
- Anthony Macdonald
Credit giant Ares hires new partner
Street Talk can reveal Credit Suisse’s head of asset finance for Asia Pacific, Will Farrant, has joined the US investment firm as a partner in its credit group.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Think geopolitics is risky now? Insurance guru John Neal says just wait
A slew of huge elections in 2024 is heightening risks for corporates, according to former QBE and current Lloyd’s of London boss John Neal.
- James Thomson
