HSBC targets Asia-linked rich with private bank push

HSBC is looking to cash in on the rising number of business people making multimillion-dollar fortunes through closer ties with Asia, launching private banking services in Australia.

Trading from the grave: CommSec fined $200,000

CommSec has paid a $200,000 fine for allowing the relative of a deceased client to trade shares on the dead person's online account.

NAB lashes out at ASIC over rate rigging allegations

National Australia Bank has denied rigging the key inter-bank lending rate and described parts of Australian Securities and Investments Commission's case as overly simplistic and "embarrassing".

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.

Big win looms for Parramatta CBD

As one major Australian bank prepares to leave western Sydney, another is preparing to move in with the NAB likely to become an anchor tenant at Parramatta Council and Walkercorp's Parramatta Square project.

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.