APRA highlights income insurance risks

Life insurance companies would face hefty losses from a blowout in income protection claims if there was a severe economic shock, new stress tests show.

Watchdog defers decision in banks' stoush with Apple

Competition tsar Rod Sims says the regulator must decide which is the lesser of two evils as it assesses a request by three big banks to team up in their talks with technology giant Apple.

Banks face 'world of hurt' if they don't innovate: ANZ exec

ANZ Bank's high-profile recruit from Google, Maile Carnegie, has a message for finance veterans hoping the wave of competition from technology-based firms will soon pass: think again.

Bank switching heats up

Thinking of dumping your bank for a rival? You're not alone.

Moody's affirms Australia's AAA rating

A month after putting the Turnbull government on notice, Moody's says it will maintain Australia's top-notch sovereign credit rating, despite predicting mounting public debt.

New lending jumps tenfold in one year at SocietyOne

Peer-to-peer lender SocietyOne says its new personal lending surged ten-fold in the past year.

CBA chief Ian Narev receives $12.3m in pay

Commonwealth Bank chief Ian Narev's total pay swelled to $12.3 million last financial year, after he received a multi-million dollar bonus.

Customers figure out banks' mortgage tricks

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Competition is gradually chipping away at banks' very high returns from mortgage lending.

Soured loans, funding costs hit NAB profit

National Australia Bank's third-quarter profit fell 3 per cent to $1.6 billion as both funding costs and charges for soured loans increased.