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.
Former National Australia Bank-owned UK lender CYBG is taking a cautious approach to Brexit after surviving its first year on its own.
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.
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
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