$2.8m in ANZ and CBA shares dumped on conduct concerns
The retirement fund for NSW local council workers has dumped ANZ Bank and Commonwealth Bank shares from one of its responsible investment options.
Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.
The retirement fund for NSW local council workers has dumped ANZ Bank and Commonwealth Bank shares from one of its responsible investment options.
This month's cut in interest rates is already stoking stronger demand for home loans, says Mortgage Choice.
New broker research undermines key arguments made by banks when defending unpopular mortgage rate moves.
Australian banks closed branches at a quicker pace in the year to June, as digital banking grew more popular and lenders faced greater pressure to cut costs.
Retailers including Coles have thrown their support behind a push by several big banks to negotiate as a bloc with Apple over its digital payments service.
CBA appears to be taking its foot off the accelerator in the mortgage market.
When consumers aren't engaged, it's a form of what economists call a market failure.
Superannuation's purpose should be to save for an "adequate" retirement income of up to $95,000, says NAB-owned MLC.
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.
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.
Search pagination
Save articles for later.
Subscribe for unlimited access to news. Login to save articles.
Return to the homepage by clicking on the site logo.