Time to break the banking 'lazy tax'

• COMMENT

For all the criticism heaped on banks, most customers are notoriously reluctant to vote with their feet, and the industry knows this all too well.

ASIC backs more data sharing in banking

Corporate cop Greg Medcraft says the government's banking inquiry is right to focus on ways to make banks share more data on their customers, a move that would boost competition in the concentrated sector.

Watchdog orders banks to review product cross-selling

Australia's major banks must review whether staff have been setting up accounts customers did not want in order to hit sales targets, after the cross-selling scandal engulfing United States lender Wells Fargo.

ANZ Bank and Macquarie admit to attempted cartel conduct

ANZ Bank and Macquarie Group have admitted their traders tried to rig contracts in Malaysia's foreign exchange markets.

Westpac's RAMS raises fixed home loan interest rates

Westpac-owned RAMS is hiking fixed interest rates by up to 0.4 percentage points, the latest lender to respond to growing market bets that official rates have bottomed.

Identity theft surges 80 per cent as cyber criminals hack data

Identity theft is the fastest-growing type of fraud and a growing source of losses for banks as cyber criminals target the vast array of personal information held online, a new report warns.

Banks confirm rise of 'bank of mum and dad'

More parents are putting their assets on the line to guarantee their childrens' home loans, two major banks say, as rising prices prompt first home buyers to take on bigger debts.

Banks' climate change talk not yet matched by action

• COMMENT

Around this time of year, bosses of the big four banks steel themselves for a showdown over the billions of dollars banks lend to fossil fuel projects.

Savers hit as CBA cuts term deposit rates

Commonwealth Bank has sliced a range of term deposit interest rates, the second round of cuts since it three months ago trumpeted rate rises on deposits as a win for savers.