Paul Colgan
The Chainsaw
Sydney, NSW, Australia
Contact Paul
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Past articles by Paul:
10 things you need to know this morning in Australia
Good morning! → Read More
Labor plans to slug banks another $640 million for a consumer compensation fund
Bill Shorten will today announce a new levy on Australian banks to pay for a new Financial Rights Fund that will provide help for victims of misconduct in the banking sector. → Read More
The cyber attack on Australia's major political parties reportedly used techniques never seen before
* The cyber attack on Australia’s parliament which also affected the nation’s major political parties reportedly used techniques never seen before. * It underlines the seriousness and sophistication of the attack, which is widely believed to have been directed by China but could also have originated from another nation-state. * The attack comes after a surge in malicious cyber attacks on… → Read More
The full AMP horror show is here
AMP’s wealth management arm saw nearly $4 billion in client money leave its books in the past financial year, largely as a result of reputational damage from the financial services royal commission. → Read More
10 things you need to know this morning in Australia
Good morning! → Read More
10 things you need to know this morning in Australia
Good morning — it’s Friday; you made it through another week, unless you’re Ken Henry or Andrew Thorburn. → Read More
NAB is in a trading halt
NAB is in a trading hold. → Read More
Shares in Australian mortgage broking companies are getting destroyed
Shares in the major banks on the Australian share market are surging today, in a “relief rally” following the release of the final report of the financial services royal commission. → Read More
Australian banking stocks have ripped higher after the final Hayne report
After the Hayne commission’s final report from its inquiry into misconduct in financial services, look what’s happening to the ASX financial index today: → Read More
NAB CEO cancels his leave after scathing royal commission comments about him
NAB CEO Andrew Thorburn is cancelling planned long service leave following searing criticism of the bank’s leadership in the final report of the financial services royal commission. → Read More
Ken Henry is in deep trouble
* The final report of the financial services royal commission has reserved special criticism for Ken Henry, the NAB chairman, and the bank’s CEO, Andrew Thorburn. * Commissioner Kenneth Hayne made pointed contrasts between the leaders of other banks, whom he said seemed well appraised of the challenges ahead. * Hayne said he was “not persuaded that NAB is willing to accept the necessary… → Read More
'PRIMARY RESPONSIBILITY': Hayne sticks it to the boards and executives of the banks
The final report from the Hayne royal commission into misconduct in financial services is available on the Treasury website. → Read More
Army moves in to rescue trapped Townsville residents after floodgates open in downpour disaster
Major flood warnings remain in place for a large swathe of Queensland which has been hit by record-breaking monsoonal rains that caused the emergency evacuation of the major regional city of Townsville last night. → Read More
10 things you need to know this morning in Australia
Good morning! → Read More
Australia's CEOs are especially worried about the trade wars
SYDNEY — The world’s most authoritative survey of global chief executives has found Australian business leaders are particularly worried about the impact of global trade wars — but they also say they’re not doing much about it. → Read More
10 things you need to know this morning in Australia
Good morning! It’s Thursday. You can make it. → Read More
Star ANZ economist Jo Masters is leaving the bank to join EY
ANZ’s Joanne Masters is leaving the bank to join EY Oceania as chief economist. → Read More
MAPS: The vast heatwave that will touch almost all of Australia this week
It has been a hot summer in many parts of Australia, and it’s far from over. → Read More
The Australian dollar just flash crashed on Apple's warning of bad business in China
It’s not often an announcement from a company can induce a big move in currency markets, but it just happened — and in a big way. → Read More
There's a long list of reasons why China's bad manufacturing data is so worrying
* Poor manufacturing sector data out of China has global markets off to a shaky start in 2019. * An analyst at Japan’s Mizuho bank has highlighted how the downturn is not just worrying for how steep it is but for its timing and the fact that part of it is driven by the US-China trade tensions, for which there is no predictable path to resolution. The rocky start to the year on global markets was… → Read More