The new chief executive of ING Direct, Uday Sareen, is looking to take the fight to the big retail banks in their heartland by offering customers a wider range of products including credit cards, insurance.
Banks should be required by law to ensure retail products such as home loans and credit cards are in a customer's best interests, the Finance Sector Union
It was a balmy summer's day in late June when an Australian businessman checked into the opulent Hotel Augustus in the glitzy Tuscan seaside retreat of Forte dei Marmi.
Nobody cares if banks are getting a good kicking from politicians because nobody cares about defending them.
Wells Fargo was fined after employees secretly opened accounts to hit sales targets and earn bonuses.
ANZ chief operating officer Alistair Currie will depart later this year in a shake-up of the operations functions at the bank.
Westpac has refunded $20 million after it failed to properly inform credit card customers they would be charged foreign transaction fees.
A governmental move to 'close the superannuation gender gap' has been welcomed by Australia's largest superannuation funds.
ING Direct will pay thousands of superannuation customers $5.4 million in compensation.
Banks' loan losses from car financing have risen to a six-year high, new figures show, as the patchy labour market and the mining slump hurts more consumer borrowers.
ANZ Bank will fork out $28.8 million to more than 390,000 account holders after it stung customers with fees for making payments between their accounts.
Unlike many of my Fairfax colleagues, I'm ambivalent about holding a Royal Commission into financial markets in general and banking in particular.
Banks have cut the size of interest rate discounts for new mortgage customers, after a period of fierce competition led to some home loans being written at prices that were not "commercially viable", says Aussie Home Loans.
Calls for a banking royal commission following a string of scandals in the sector are persisting.
A 97-year-old victim of banned Commonwealth Bank star financial planner 'dodgy' Don Nguyen, is fighting the bank for compensation.
The right pair of oxfords can make or break a potential job candidate in staid investment banking circles in Britain, according to a new report.
CommSec has been slapped with a $700,000 fine and has refunded $1.1 million after failing to properly disclose certain information to clients, and making inadequate identity checks of some customers.
Banks may not have passed on the full RBA rate cut to their home loan customers, but they didn't hold back when it came to people with savings accounts.
Future Fund chairman Peter Costello says governments are "running out of shots" to protect against any future financial shocks.
The fancy new $5 note – yes, still with the purple Queen – isn't the only Reserve Bank event today.
Deutsche Bank's CEO wants cross-border European bank mergers as he sought a tie-up with his main domestic competitor.
Shoppers may notice a new type of $5 note from Thursday, as the first in a new wave of harder-to-copy bank notes goes into circulation.
The latest app from a major bank claims to be able to predict upcoming bills for customers.
Proposing a royal commission into banks is reckless and ill-conceived.
A royal commission would compel banks to come clean and will leave them with nowhere to hide.
National Australia Bank opted out of making $8 billion in loans to large corporations in the past year.
More than nine out of 10 chief executives of Australia's biggest 100 listed companies pocketed a bonus last year, the highest proportion since the GFC.
Christopher Ashton has been fined $US1.2 million by the Fed and permanently banned from US banking.
Horror stories about alleged Youi scams and frauds have continued to flow in, after Fairfax revealed allegations about wide scale illegal conduct at the major insurer.
Claims that Youi may have defrauded thousands of Australians have prompted calls for a Senate inquiry into the insurance giant.
Yahoo chief executive Marissa Mayer stands to collect a $US44 million ($58 million) severance package if she leaves after Verizon completes its purchase of the once-mighty internet company.
Samsung and safety regulators urge owners of the smartphone to power down their Galaxy Note 7 devices and stop using them altogether.
Global economic growth will be so slow over the next 35 years that policymakers will struggle to meet the significant economic, social and political challenges that results, Deutsche Bank says.
A veteran Volkswagen engineer pleaded guilty to conspiring to defraud US regulators and customers, the first criminal charge in the Justice Department's year-long investigation into the company's rigging of federal air-pollution tests.
US investors were shaken out of their slumber on Friday as central bankers signalled reluctance to extend stimulus and sent US stocks to their worst week since February.
A shiny wave of new premium $100,000-plus cars are heading our way.
A public service announcement for blokes with names like Moose, Macka and Mad Dog.
Is buying into a franchise worth the investment?
Unlimited vacation, an office gym with personal trainers, perks galore. What could possibly go wrong?
A free independent guide from SMH with expert information.
A free independent guide from SMH with expert information.
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