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Banks could dump climate-change exposed clients, regulator says

Banks could dump climate-change exposed clients, regulator says

The banking watchdog APRA says lenders may need to cap their exposure to customers at most risk from climate change or even consider ditching some of these clients.

  • by Clancy Yeates

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The dreaded ‘doom loop’ is back on the agenda

The dreaded ‘doom loop’ is back on the agenda

With the pandemic still raging across Europe there’s been a revival of interest and discussion about a concept borne out of the 2008 global financial crisis.

  • by Stephen Bartholomeusz
Inside the JPMorgan finance unit that masterminded doomed soccer bid

Inside the JPMorgan finance unit that masterminded doomed soccer bid

The Wall Street titan has played a crucial role in the doomed plans for a breakaway European Super League by raising €4 billion debt funding to get the scheme off the ground.

  • by Oliver Gill
It’s a little bit of history repeating in Credit Suisse’s litany of losses

It’s a little bit of history repeating in Credit Suisse’s litany of losses

Credit Suisse has been embroiled in a series of financial disasters that could have been avoided had it learned from its compatriot, UBS.

  • by Stephen Bartholomeusz
Latitude leaps on long-awaited ASX debut

Latitude leaps on long-awaited ASX debut

Ahmed Fahour-led Latitude Financial climbed by as much as 15 per cent on its third attempt at a public listing to cap off a solid session.

  • by Colin Kruger
‘Britcoin’ on the boil: The UK may have just changed the digital currency game

‘Britcoin’ on the boil: The UK may have just changed the digital currency game

The world’s central banks have been sitting on their hands. The UK may have just changed that.

  • by Stephen Bartholomeusz
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Investors back Afterpay’s tilt at US listing

Investors back Afterpay’s tilt at US listing

Investors have backed Afterpay’s tilt at a United States listing, saying it will improve the company’s access to capital as it expands rapidly.

  • by Clancy Yeates
JPMorgan bets $US4.8 billion on disrupting world’s biggest sport

JPMorgan bets $US4.8 billion on disrupting world’s biggest sport

JPMorgan Chase & Co. is bankrolling the biggest upheaval of European soccer since the 1950s in a $US4.8 billion bet that has already drawn heavy criticism from fans, domestic leagues and politicians.

  • by David Hellier, Rodrigo Orihuela and Daniele Lepido
Bragg sounds fintech alarm in push for clearer crypto rules

Bragg sounds fintech alarm in push for clearer crypto rules

Liberal senator Andrew Bragg says budding local fintechs will move overseas without a comprehensive government policy framework on digital assets including cryptocurrencies.

  • by Clancy Yeates
NAB’s Phil Chronican tips loan curbs amid ‘completely unprecedented’ housing boom

NAB’s Phil Chronican tips loan curbs amid ‘completely unprecedented’ housing boom

NAB chairman Phil Chronican says mortgage lending curbs would make sense if regulators wanted to take some of the heat out of the housing market.

  • by Clancy Yeates
‘Financial weapon’: Bitcoin becomes another factor in China-US contest

‘Financial weapon’: Bitcoin becomes another factor in China-US contest

Bitcoin’s value is going through the roof. But investors and analysts are divided over how cryptocurrencies will play out in global politics.

  • by Chris Zappone