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Coinbase’s stunning Wall Street debut pays off for Westpac and its in-house venture capital fund, Reinventure.

Share In the middle of one of the most jaw-dropping property booms in decades, it is refreshing to hear that not every seller is making a motza from their real estate. Take billionaire pub magnate Chris Morris and his wife, Sharron Sills, who have copped a loss on their Milsons Point penthouse this week. The couple paid $8 million for their crash pad in the Latitude building at the peak of the local apartment market in 2017, making them immediate neighbours to the super-spread next door owned by Nicole Kidman and Keith Urban. Chris Morris owns hospitality and tourism operator Colonial Leisure...

Neobanks’ challenges in taking on big four laid bare by COVID-19 We’re sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement There’s no doubt Australia’s big banks face real competitive threats, as technological change sweeps the financial world and new rivals eye the industry’s high profits. But are “neobanks” with their own banking licences likely to fundamentally disrupt the nation’s financial powerhouses? The big four are gearing up for a fight against fintech disrupters. Credit:Ryan Stuart...