Westpac will spend another $260 million to compensate customers affected by its “errors”, taking its total remediation payments so far to $659 million.
Former NSW premier Mike Baird won’t talk about running for the top job at NAB, but plenty of others are linking him with the role.
Investors have given their initial verdict on the findings of the royal commission, driving the financial sector to what looks like being its best day in more than two years.
AMP has flagged a 96 per cent drop in full-year profit and a drastically smaller final dividend after confirming it will set aside another $200 million to cover the cost of customer remediation related to issues heard at the banking royal commission.
Nine Entertainment will make 144 positions redundant following its merger with Fairfax Media.
Fairfax Media has less than three weeks left as an independent entity after its shareholders voted overwhelmingly in favour of the 175-year-old company’s merger with Nine Entertainment.