Business

Customers could suffer as bank costs rise

Australia's banks will need to raise up to $130 billion on debt markets in 2017, analysts predict.

Australian banks are predicted to face escalating costs when they borrow up to $135 billion from big investors his year, a trend that could prompt further moves to pass on the extra expense to customers.

Bank shareholders will still win this year

AFIC managing director Ross Barker is not anticipating dividend cuts from the banks.

One of Australia's largest bank investors believes the big four can maintain their dividends this year, despite the challenges of lacklustre credit growth and stiff competition..

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.

S&P; 500 slips, oil falls

The Dow fell 7.13 points, or 0.04 per cent, to finish at 20,093.78, the S&P 500 lost 1.99 points, or 0.09 per cent, to ...

A key index of global equity markets edged lower from near-record highs after underwhelming earnings and US economic data.

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