QBE Insurance rejects Allianz bid speculation
QBE has denied it has received a corporate proposal from German insurance giant Allianz after media reports suggested the two insurers had been in "informal talks" about a potential takeover.
QBE has denied it has received a corporate proposal from German insurance giant Allianz after media reports suggested the two insurers had been in "informal talks" about a potential takeover.
More Australians are turning to small and mid-tier banks to refinance their home loans amid tough competition and record low interest rates, data from the country's biggest mortgage broker shows.
A first home buyer has lost a $41,000 deposit on a St Kilda apartment after the National Australia Bank walked away from the loan at the last minute due to the property's size.
National Australia Bank has warned the cost of funding mortgages "absolutely remains elevated," as it and ANZ Bank hiked interest rates on fixed interest rate home loans.
Ratings agency Fitch has revised its outlook for the Australian banking sector to negative amid concerns about rising household debt and pressures on the banks' profits.
For 10 years, Raymond Kataryna's relationship with his bank was clear. Then, the relationship started to blur.
Record low insurance premiums for small businesses, particularly tradies, are creating a drag on earnings for big insurers
National Australia Bank mistakenly sent the bank account details of 60,000 customers to an email address controlled by a domain name squatter and owner of adult websites.
ANZ Bank is selling its 20 per cent stake in Shanghai Rural Commercial Bank for $1.8 billion.
The Commonwealth Bank of Australia has won a victory in court overturning an earlier decision that it had acted unfairly towards its customers over a property development collapse during the GFC.
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