• COMMENT

Since the GFC, banks' spread over the cash rate for mortgages has risen and by an even larger extent for small business loans.

Call for new global regime to fight crime.

Goldman Sachs Group plans to cut about a quarter of its investment-banking jobs in Asia, excluding Japan.

Fed officials estimated that the rule would mean about $US4 billion in additional capital is needed.

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It's possible for a well-advised and fortunate couple to still build a superannuation pile of more than $7 million.

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So who was running Australia's largest independent stockbroking firm, BBY, in the four years leading up to its spectacular demise?

When he left the witness box on Friday, former BBY chairman Glenn Rosewall had drained a jug of water and been grilled for hours about his reliance on advice from a Sydney psychic.

The new RBA governor has hit out at the incentives-based culture at the major banks, saying banks need to return to being strong, valued professions not "marketing or product distribution businesses". 

Mobile phone numbers and internet addresses will replace bank account numbers and money will be transferred near-instantly between institutions, according to the RBA.

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As ANZ's legal nemeses Pankaj and Radhika Oswal prepare to jet away from Australia, possibly for good, they are likely to be leaving with their heads held high.

The former chairman of failed Sydney stockbroking firm BBY has admitted he consulted a psychic about the running of the troubled business but insisted he was "dismissive" of much of her advice.

Former tennis great Ken Rosewall told the Supreme Court there were many parts of his family's stockbroking empire BBY that he "didn't really comprehend".

A small payment from one banker to another is part of a massive change in the way money moves around the world.

He made more than $US19 million last year, more than any other US banker. But when it came to taking someone to account for his bank's illicit practices, workers earning $US12 an hour took the fall.

The billionaire founder of China's e-commerce giant Alibaba is now becoming a force in banking too, with his financial firm estimated to be worth $US75 billion.

US senator Elizabeth Warren says a criminal investigation into the CEO's actions should be opened.

Former Credit Suisse vice president Darren Thompson has pleaded not guilty to 11 charges of insider trading after his jogging partner was jailed for 17 months.

The banks will introduce new hiring standards for financial advisers as they seek to weed out 'bad apples' and head off criticism ahead of a parliamentary grilling.

A former director of collapsed Sydney stockbroking firm BBY believed claims the chairman was consulting a psychic were a "joke", the NSW Supreme Court has heard.

It is not often that chakras, incantations and astrological charts take centre stage in the NSW Supreme Court, still less in a corporate post-mortem.

Investment bank Macquarie Group has reaffirmed its expectations that its interim and full-year results will be broadly in line with its July guidance, subject to a final review.

A decorated country netball player accused of defrauding the Wathaurung Aboriginal Corporation has admitted to taking $240,000 of the company's funds for her own personal use.

Deutsche Bank may be forced to sell assets it doesn't want to sell - one worry its investors have.

Collapsed stockbroking firm BBY was run like a "dictatorship" under former chairman Glenn Rosewall, the NSW Supreme Court has heard.

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On the anniversary of the Wall Street bank's collapse, it is worth recalling just how blatant some of the misdeeds were, and the surprising lack of prosecution for the bank's improprieties.

The chairman of failed Sydney stockbroking firm BBY took advice from a self-proclaimed psychic when preparing budget estimates and cashflow forecasts, the NSW Supreme Court has heard.

Pimco escalated its legal battle with Bill Gross by saying he leaked confidential pay information.

ANZ is facing a backlog of work and questions about its offshoring process after violent protests disrupted work at a major processing centre in India's tech capital.

• COMMENT

The $44 billion life insurance industry will face a powerful inquiry. It can't come soon enough