![CBA has offloaded its stake in Visa; the other major banks did the same in 2012.](/web/20161219174913im_/http://www.watoday.com.au/content/dam/images/g/p/l/c/5/i/image.related.wideLandscape.620x349.gtdw7r.png/1482134825373.jpg)
CBA sells Visa stake, offsets software charge
The "rapidly changing technology environment" has led CBA to accelerate the write-down of the value of software assets, which has been offset by the sale of its stake in Visa.
The "rapidly changing technology environment" has led CBA to accelerate the write-down of the value of software assets, which has been offset by the sale of its stake in Visa.
Deutsche Bank will pay more than $US40 million to settle charges that the bank misled clients about how it routed orders.
National Australia Bank mistakenly sent the names, addresses and banking details of about 60,000 migrant banking customers to a wrong email account.
Australia must match president-elect Donald Trump's promised tax cuts, ANZ's chairman said.
National Australia Bank chairman Ken Henry says he believes the gulf between the hefty pay packets of chief executives and what average workers are paid can't get any wider.
Oliver Curtis, husband of Sydney publicist Roxy Jacenko, will remain behind bars after he lost a court bid to overturn his conviction for insider trading.
More than 1,500 borrower-investors in the Timbercorp managed investment schemes are facing a bleak Christmas and bankruptcy actions in the new year
Consumer groups have slammed a decision to allow financial businesses to set up and operate unlicensed for 12 months.
People managing their own superannuation fund typically believe $1 million will be enough to pay for their retirement, a survey has found.
Goldman Sachs named David Solomon and Harvey Schwartz presidents and co-chief operating officers as Gary Cohn heads to Washington. .
ANZ Bank has hired outgoing Commonwealth Ombudsman Colin Neave to spearhead a company-funded review into bank and financial services products.
The Federal Court has ordered fines of $9 million for ANZ Bank and $6 million for Macquarie Group, over "very serious" attempts by traders to rig a key benchmark rate in Malaysia's foreign exchange markets.
The Commonwealth Bank of Australia has become the latest bank to raise interest rates for property investors, blaming higher funding costs and regulatory requirements.
As Goldman's Gary Cohn prepares to decamp for a Trump job in Washington, there's no shortage of potential successors.
A former ANZ financial planner has been banned from providing financial services for five years after he was found to have created false documents.
As interest rates start to rise, the changes are taking effect much faster compared with when rates were falling.
French bank Natixis plans to expand across Asia in a bid to bolster its corporate and investment banking businesses.
Chances of completing tough new rules to restrict bonuses for Wall Street executives appear to be diminishing fast.
It was supposed to be the Coalition government’s panacea for the crisis in confidence plaguing the financial planning industry, but almost two years after it was launched, it’s a dud.
Westpac chairman Lindsay Maxsted is hosing down concerns about the looming surge in apartments on the market.
ASIC's cases against ANZ, National Australia Bank and Westpac for the alleged rigging of the bank bill swap rate could be heard together in a trial that may extend into 2018.
ANZ Bank has followed rivals in pushing up variable interest rates for property investors, blaming higher funding costs and its obligations to regulators.
Former Treasury Secretary Ken Henry has taken a swipe at both major parties' approach to restoring the budget's health, backing greater bipartisanship in a wide-ranging critique of political leadership around the world.
There is a long way to go before smart phones rival credit or debit cards as a means of making tap-and-go payments, new figures show.
IAG has confirmed it will cut jobs as part of a plan to strip $250 million from the business over the next three years
A startup run by former JPMorgan banker Blythe Masters says it's found a solution to keep shared data secret.
When Jeff Kennett presented Coles boss John Durkan with a demand for a compensation payment of more than $1 million for a mistreated supplier the reaction was telling.
Thousands of retail investors are pumping cash into peer-to-peer lending, with RateSetter reporting about $45 million has been taken out of bank accounts and lent directly to borrowers.
The CEO's of the two biggest US banks say trading revenue is up 15 per cent in the latest quarter.
"Who do you think you f---ing are? ... If you try to get me, I'm going to throw you under the f---ing bus."
Iron ore futures in China slumped as stocks of it at the country's ports rose to the most in more than two years.
​French judges found IMF chief Christine Lagarde guilty of negligence over a state arbitration payout to a business tycoon.
Christine Lagarde, the managing director of the International Monetary Fund, was found guilty on Monday of criminal charges linked to the misuse of public funds during her time as France's finance minister, a verdict that could force her out of her post.
A new OECD paper has looked at how tax systems, including Australia's, effectively discriminate against married women.
Seven West Media is standing by its embattled chief executive Tim Worner despite condemning his inappropriate sexual relationship with an employee as "completely unacceptable" and "deeply regrettable."
Tasmanian powerhouse Sullivans Cove has been snapped up by a Melbourne-based family business.
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A free independent guide from SMH with expert information.
A free independent guide from SMH with expert information.