Westpac Banking Corp. Chief Executive Officer Anthony Miller’s pay surged to A$7.5 million ($5.3 million), despite profit missing expectations and the lender flagging an uncertain outlook for Australia’s economy.

Australia’s corporate regulator has not received a single application from a prediction market provider to operate in the country, where such platforms would likely face gambling rather than financial regulations.

Australia’s corporate regulator is seeking information from investment banks on the failed Firmus Grid Ltd. initial public offering earlier this month, stopping short of opening a formal investigation into the matter.

Australian banks are loosening mortgage requirements and giving away tokens for phone bills and travel as they compete for a dwindling pool of customers during the fastest housing slump in a generation.

Anthropic PBC’s initial public offering may give Commonwealth Bank of Australia an opportunity to cash in on a stake it purchased in the artificial intelligence startup more than a year ago and whose valuation has ballooned.

Australia’s regulator warned that ructions in the global bond market and elevated concerns linked to artificial intelligence are threatening to weaken financial market liquidity.

Ingenia Communities Group shares soared following a takeover bid from AVID Property Group Holdings, as a bidding war ramps up for the owner of Australian retirement living accommodation.

Australia’s market watchdog is gathering information about Firmus Grid Ltd.’s failed initial public offering, though it hasn’t yet opened an official probe.

Elevated interest rates threaten to add further pressure on Australia’s private credit sector given its weighting to the country’s struggling real estate market, an Ares Management Corp. executive has warned.

Treasuries are losing their luster as a portfolio hedge as increasing supply, persistent inflation and rising neutral rates weaken their appeal, according to Citigroup Inc.’s top Australia banker.

Australian data center company Firmus Grid Ltd. closed the books on its initial public offering as investors grew increasingly concerned that the struggling deal could be pulled, according to people familiar with the matter.

Some potential investors are turning more cautious on the blockbuster initial public offering of data center firm Firmus Grid Ltd. as they worry about existing shareholders potentially flooding the market soon after the company’s debut, according to people familiar with the matter.

Firmus Grid Ltd. plans to allocate about half of the shares in its initial public offering to existing shareholders, putting Nvidia Corp and Blackstone Group in a position to increase their stakes, according to people familiar with the matter.

Data center operator Firmus Grid Ltd. has priced its initial public offering at A$11 a share, seeking to raise at least $5 billion in its Australian initial public offering this month, according to terms of the deal seen by Bloomberg, as it moves ahead with one of Australia’s largest-ever IPOs.

Metrics Credit Partners, a major Australian private debt firm, reduced the value of assets across three listed funds by about A$169 million ($119 million) and halted trading of the vehicles.

Ingenia Communities Group will assess a a new, higher takeover bid from private equity group Warburg Pincus and its affiliates, the company said Monday.

Centuria Bass Credit, a major Bathla Group backer, is exploring options to sell some debt tied to the insolvent Sydney builder, the latest sign that some creditors could be looking to trim their exposure.

Morgan Stanley researchers have suggested greater disclosures to assess credit risk tied to property developers, following the collapse of Sydney’s Bathla Group.

US investment consultancy Marsh is raising its Treasury allocation in some portfolios recommended to clients, a sign that large investors aim to take advantage of elevated yields.

ANZ Group Holdings Ltd. Chief Executive Officer Nuno Matos warned about unpredictable risks linked to artificial intelligence and declined to rule out large-scale job cuts at the bank as it adopts the quickly evolving technology.