Business

Bad behaviour database aims to stop rogue traders

'If you don't know what your employees are doing, then you're vulnerable'.

You're young and want to get ahead. First in and last out of your Wall Street office. You work weekends and message colleagues with inspired trading ideas at all hours. Guess what? You've just marked yourself as a potential rogue trader.

The bank bonus schemes that put customers at risk

Stephen Sedgwick is so far unconvinced there is a case for a broad ban on banks paying their staff "product based payments".

The most aggressive incentive schemes still being used by some banks to boost sales by staff are putting customers at risk of being sold inappropriate products, an industry-funded review has suggested.

NAB and ANZ Bank hike fixed mortgage rates

NAB has hiked fixed rates and says its funding costs remain "elevated."

Two major banks have hiked fixed interest rates on home loans, and a senior banker at National Australia Bank says funding costs that drive variable interest rates "absolutely remain elevated."

This woman wants your big four bank account

Melanie Evans, who will join ING Direct as head of retail banking.

ING Direct has poached Westpac rising banker Melanie Evans to spearhead the Dutch lender's plan to carve out a bigger share in the lucrative Australian retail banking market.

Virtual credit cards get step closer

ANZ Bank chief executive Shayne Elliott tries out Android Pay, alongside managing director of products, Katherine Bray.

ANZ Bank is moving a step closer towards "virtual" credit and debit cards, through new changes to automatically upload replacement cards for those that are lost onto customers' smart phones.

Banks can keep paying juicy divvies

The big four banks pay out more than $20 billion a year in dividends.

Bank's juicy dividends can be sustained in the face of looming increases in capital requirements, as lenders have probably raised the vast majority of the capital they will need, according to new analysis from Credit Suisse.

Bank shares hit fresh one-year highs

The big four banks' combined market capitalisation accounts for more than a quarter of the ASX 200.

Australian bank shares have hit their highest levels in more than a year, amid predictions that tougher regulations slated for 2017 will be delayed and potentially watered down.

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