Royal commission a 'serious distraction', says NAB chief
Banks have hit back at Labor's proposed inquiry into the financial sector's behaviour.
Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.
Banks have hit back at Labor's proposed inquiry into the financial sector's behaviour.
Westpac chief executive Brian Hartzer has vowed to fight allegations it manipulated the bank bill swap rate, as he confirmed the bank had not stood down any staff over the affair.
Taxpayers will still be on the hook in a banking crisis, National Australia Bank chairman Ken Henry says.
National Australia Bank is turning to the venture capital sector to run its $50 million fund that will take stakes in fintech start-ups, a plan aimed at boosting innovation across the lender.
There is a boom unfolding in the number of mortgage customers taking out new loans to pay off their existing debt at lower rates.
Mortgage arrears are tipped to rise from record lows in most states except NSW.
Faster growth in bank lending to people buying a home to live in is helping to offset a slowdown in lending to property investors.
ANZ will take a tougher line on assessing some borrowers' expenses from next month, a change that will mean some customers can borrow tens o...
Banks are likely to compete more to attract deposits as a result of the recent jump in wholesale funding costs and looming regulatory change...
Westpac has flagged a rise in soured personal loans in mining regions as investors worry about a deterioration in banks' credit quality.
ANZ Bank shares have fallen sharply after it warned that its bad debt costs for this half will be at least $100 million more than it expecte...
ASIC promises a 'very thorough' investigation into CommInsure, as it also probes whether there are deeper systemic problems in the sector.
A leading analyst has suggested the bank regulator might toughen its stance on how much capital banks must hold against investor home loans,...
The prospect of cheaper loans for consumers is being used to pressure the big banks into sharing with technology-based rivals credit data ab...
A former managing director of CommInsure will on Tuesday push ahead in a long-running legal battle over his entitlements after his retrenchm...
ANZ Bank credit card customers will have to spend significantly more to earn the same number of reward points after the bank cut the rate at...
National Australia Bank's long-running technology upgrade is slashing the time it takes branch staff to approve loans and open new accounts,...
Commonwealth Bank's life insurance scandal is predicted to inflict further brand damage on the country's biggest bank, and could even cause ...
The new chief executive of SocietyOne says there is potential to work with a big bank.
Commonwealth Bank customers will need to spend more on their credit cards in order to rack up frequent flyer points.
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