Banks forced to repay customers $41m
National Australia Bank's wealth arm has been forced to compensate customers $36.5 million, after wrongly charging fees to superannuation customers and incorrectly assessing insurance claims.
National Australia Bank's wealth arm has been forced to compensate customers $36.5 million, after wrongly charging fees to superannuation customers and incorrectly assessing insurance claims.
Insurers are struggling to predict how storms will impact their bottom line.
Home and car owners face a 4 per cent lift in their insurance bills this year, according to new industry predictions.
The banking regulator's cap on property investor loan growth could be back on the agenda unless conditions soften, economists say, amid a resurgence in bank lending to landlords.
Former National Australia Bank-owned UK lender CYBG is taking a cautious approach to Brexit after surviving its first year on its own.
Future Fund chairman Peter Costello has signalled the sovereign wealth fund will face an uphill battle in hitting its long-term performance target.
The big four banks will again face public scrutiny with a second round of parliamentary hearings scheduled for March.Â
QBE Insurance 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.
Australian consumers are predicted to become more attractive targets for fraudsters and scammers when a $1 billion real-time payments system launches later this year, prompting banks to beef up their anti-fraud defences.
Barclays has settled on Dublin for its main hub inside the European Union after Brexit and may add staff there too.
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.
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.
​German regulators will meet with representatives more than 20 foreign banks on Monday in preparation of a post Brexit world.
The issue is key for Australian providers of financial services into the Eurozone as the passporting system allows businesses to operate in participating countries without needing permission from each individual country.
Fund manager Geoff Wilson's call for Hunter Hall Global Value to allow all investors to sell-out of fund at the asset value of the shares has been rebuffed, with
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..
Investors to be wary of recently listed companies since they are oftenj priced to perfection, one fund manager has warned
Consumers are spending more on debit cards than credit cards for the first time, as shoppers shy away from racking up debts on plastic.
Under new rules, financial planners have a duty to act in the best interests of their clients. But some planners can take that too far.
Key planks of the banking industry's reform plan, including a promise to name and shame bankers who break the rules, are taking longer to implement than expected.
A senior planner at the National Australia Bank who cheated on his third attempt to pass a basic compliance exam has found guilty of breaching an industry code.
Vice presidents, directors and managing directors at the German bank will get no 2016 bonus. Neither will management.
Goldman Sachs's quarterly profit tripled and Citigroup's net income rose 7pc, surpassing analysts' estimates amid a bond-trading revival.
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.
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.
​Deutsche Bank agreed to pay $US7.2b ($9.5b) to the US Justice Department for having 'contributed directly' to the global financial crisis.
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.
Growth in new lending to housing investors has accelerated to its fastest annual pace since early 2015.
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.
Shares in OceanaGold slumped in late trading on a statement by the Philippine government it may force the closure of its Dipidio mine, which has been the subject of recent wrangling between the company and the government.
Shares in Downer EDI soared to a seven-year high on Thursday morning after the contractor lifted its full-year profit forecast following a lack of any bad news in its December-half earnings.
The collapse of national fashion brands Marcs and David Lawrence has added another 1130 workers to the retail rout that claimed close to 2000 jobs in the sector before Christmas.
One of two females sitting on the board of Seven West Media has resigned after just 19 months in the role.Â
Urth Energy, which billed itself as a "boutique" energy retailer focusing on solar energy systems, has appointed an external administrator.
Think you're on the ball when it comes to Facebook etiquette? Think again.
The David Jones Autumn Winter Collections revealed some surprising new trends in menswear.
In a battered, dirty shopfront in St Kilda, Hari Shotham thinks he's found the future of Australian retail. An unstaffed shop full of vending machines.
Chances are you do if you're starting a fundraising campaign and you've never come across one.
A free independent guide from SMH with expert information.
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