Moves by the banking regulator to clamp down on property investors will be felt most keenly in the overheated New South Wales market, according to ANZ's economics team.

The Australian Securities and Investments Commission has issued reports to the boards of several investment banks on potential deficiencies in their corporate culture, as scrutiny of remuneration and potential conflicts of interest in investment banking gathers pace.

Ten Network Holdings executive chairman Hamish McLennan has dismissed suggestions that a joint 23¢ a share offer by Discovery and Foxtel is the sole option available for the broadcaster as it considers four takeover approaches.

Favourable demographics and a fundamentally resilient economy should make Australia one of the best performing developed countries over the longer term.

Whitegoods and appliance company Fisher & Paykel has been fined $400,000 for wrongly telling customers they needed to buy an extended warranty.