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The Australian - The Weekend Australian Business Review
| | | | | | | Good morning, The first of the Hayne royal commission legal cases have started with corporate regulator ASIC pursuing NAB for its controversial introducer home loan scheme. As NAB tried to grow market share, dozens took advantage of the program and now the bank is being sued for more than $500 million. This weekend we also have a treat: Australian basketball superstar Ben Simmons on fame, fortune and selling pies in the US. After a big week of company earnings reports, we also look at the financial winners and losers from the latest reporting season. Meanwhile Alan Kohler tackles the small but significant shift in the guiding principles of the biggest companies in the US, while Margin Call looks at the battle for the Victorian senate seat. John Durie’s leadership series features Medibank chief executive Craig Drummond – who still has some kind words to say about banks. Finally, John Connolly tackles us all for a ride in his WART Beemer. We hope you enjoy the weekend. | | | Wall St tanks on trade salvo | | Gunjan Banerji | | US stocks slumped after Donald Trump vowed a tough response to new Chinese tariffs, setting the stage for more ASX losses. |
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| | Loan program a ‘time bomb’ | | Joyce Moullakis | | The year was 2006 and alarm bells were already going off in western Sydney about NAB’s loan introducer program. |
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| | Billionaires born as shares surge | | John Stensholt | | The reporting season is about to produce Australia’s next two billionaires, as a medical technology firm kicks goals in the US. |
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| | A nail in Friedman’s coffin | | Alan Kohler | | Some are saying it was a PR stunt, or that shareholders will kick up and not let it stand. Only time will tell. |
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| | Agile Goodman eyes $1bn earnings | | BEN WILMOT | | The industrial property powerhouse is approaching its operations more like an e-commerce operator than a warehouse owner. |
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| | Poor policies ‘crimping’ power | | Perry Williams | | Queensland electricity player ERM has slammed substandard government energy policy for crimping potential investment. |
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