Trump victory tipped to push up fixed-rate loans

The cost of locking in a fixed-rate mortgage is tipped to rise thanks to a surge in global bond yields, which has gained momentum after Donald Trump's election win.

Citi's Australian bank branches go cashless

Citi is getting rid of cash in its Australian bank branches, because it is no longer worth offering the service that is used by less than one in twenty customers.

Big data revolution comes at a huge cost

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The rise of big data should make financial services cheaper, but also raises risks for consumers.

NAB chief's pay rises to $6.7m

National Australia Bank chief executive Andrew Thorburn's pay packet rose to $6.7 million last financial year - about 80 times the average full-time wage of $81,900.

NAB eyes home loan bounce on new tech system

National Australia Bank is eyeing a lift in home loan revenue thanks to a recently-completed technology overhaul that it says is already turning more customer inquiries into loan sales.

Paul Keating calls for a 'Reserve Bank of infrastructure'

Australia's economy needs an injection of public works spending to soften the blow of plunging resources investment, says former Prime Minister Paul Keating.

Are our banks making enough money?

Something unusual happened to the banks' profits this year. For the first time since the global financial crisis, they fell.

CommBank cops historic 'first strike' on executive pay

Commonwealth Bank has withdrawn a controversial resolution asking shareholders to approve changes to its bonus scheme for chief executive Ian Narev, which would have introduced new performance hurdles relating to people and culture.

Westpac CEO paid 80 times average Aussie wage

Westpac chief Brian Hartzer was paid $6.7 million last financial year - less than its predecessor Gail Kelly, but still about 80 times as much as the average Australian worker.