You can make the most of bank investments

Bank investments such as mutual funds can be an excellent option for busy individuals who would like to make more of their savings without having to work much harder.

Anz Chief Leads High-powered Charge To Get To The Bottom Of Opes Debacle

Probe amounts to an audit of the bank's legal, risk management and ethical conduct.

Horses Have Bolted, But Investors Still Want Blood

Was that the ominous sound of a gate slamming over the ever diminishing thunder of horses bolting into the distance? Last Friday, the Australian Securities and Investments Commission began advertising for analysts with the skills to investigate manipulation of our capital markets.

Bank Examines Its Role In Securities Lending

A WIDE review of ANZ's funding of the securities lending business has been ordered by chief executive Michael Smith after its exposure to the collapsed stockbroking firm Opes Prime came to light.

Gatto Joins The Money Hunt

A DIRECTOR of failed stockbroker Opes Prime has been ordered by a judge not to leave Australia, as fresh allegations emerge of manipulation and cover-ups in the lead-up to the firm's dramatic collapse. The Australian Securities and Investments Commission yesterday obtained an urgent Federal Court order forcing Opes Prime director Julian Smith to surrender his passport - days before he had planned to go on a holiday to Fiji. The order came on the eve of a series of meetings today in which hundreds ...

Councils Count The Collateral Damage

How apt the term "fallout" has proved to be in relation to the subprime mortgage crisis in the United States. The effects are far more widespread than expected, and are proving enduringly toxic. NSW councils are the latest victims. The Cole inquiry estimates they have lost as much as $400 million on investments in American subprime mortgages. The loss, which may ultimately be worn by ratepayers, is the latest reminder that we still don't know how much is at risk in this crisis, or how long it will last.