Posted
| UpdatedThe governor of the Reserve Bank backs the Government's campaign to lower the corporate tax rate, warning Australia needs to remain internationally competitive.
Topics: business-economics-and-finance, company-news, economic-trends, banking, money-and-monetary-policy, multinationals, regulation, australia
Posted
| UpdatedA former Westpac banker is sentenced to three years in prison after signing up elderly customers, including a 98-year-old woman in an aged-care facility, to $4 million in loans they could not repay.
Topics: banking, business-economics-and-finance, company-news, consumer-finance, consumer-protection, corporate-governance, australia, qld
Posted
| UpdatedThe troubled financial services giant AMP posts its first full year loss since 2003 amid continuing concerns about its life insurance and wealth protection divisions, while Suncorp profit edges higher.
Topics: company-news, banking, business-economics-and-finance, multinationals, australia
Posted
US banking stocks record their worst trading session on Wall Street in almost three weeks overnight, while real estate and utility shares out-performed.
Topics: stockmarket, business-economics-and-finance, company-news, banking, economic-trends, markets, currency, futures
Posted
| UpdatedDonald Trump makes financial deregulation an early priority of his presidency, but what does the Dodd-Frank Act do and what changes are likely to happen to US banking?
Topics: banking, regulation, consumer-protection, consumer-finance, donald-trump, government-and-politics, united-states
Posted
| UpdatedDonald Trump's executive order to investigate rolling back additional post-financial crisis banking regulation has markets and analysts eyeing the prospect of bigger bank profits.
Topics: banking, regulation, donald-trump, government-and-politics, united-states
Posted
| UpdatedNational Australia Bank reports a 1 per cent fall in its cash earnings for the first quarter, despite a large reduction in bad and doubtful debts related to the commodities sector.
Topics: banking, company-news, australia
Posted
| UpdatedFormer interior decorator and graphic artist Deborah Parkhouse lives in a shed with a rack of clothes and her rescue pets in country Victoria after being evicted from her home following a long battle with her bank Credit Union Australia.
Topics: homelessness, community-and-society, banking, industry, business-economics-and-finance, kyneton-3444, vic, australia
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The big four banks are not being fair when they enter into contracts with small and medium-sized businesses and are "kicking the can down the road" when it comes to improving their practices, the Small Business Ombudsman says.
Topics: banking, industry, business-economics-and-finance, australia
Posted
| UpdatedIf you thought it was hard to get into the housing market, it may yet get worse unless tax policies are changed to reduce investor demand. That's the warning of economists at Australia's biggest mortgage lender.
Topics: housing-industry, economic-trends, banking, money-and-monetary-policy, australia
Posted
Another strong jump in investor borrowing for houses underpins the largest growth spurt in private sector credit in more than a year.
Topics: economic-trends, housing-industry, consumer-finance, banking, australia
Posted
| UpdatedAnalysts are expecting a bumper earnings season for resources companies to offset a fairly weak period of profit growth for most other listed firms.
Topics: stockmarket, mining-industry, banking, retail, transport, australia
Posted
Having held on to their margins as interest rates fell last year, Australian banks could hit pay-dirt if the cycle rolls over and rates start to rise again.
Topics: banking, consumer-finance, australia
Posted
Wall Street sees its best day this year as US investors shrug off the uncertainty over President Donald Trump and focus instead on company profit results.
Topics: business-economics-and-finance, company-news, economic-trends, banking, markets, currency, futures, stockmarket, money-and-monetary-policy, united-states, united-kingdom, european-union, australia
Posted
| UpdatedSuperannuation funds deliver their fifth consecutive year of positive returns in 2016, buoyed by a late rally on global share markets.
Topics: superannuation, consumer-finance, banking, australia
Posted
Making a new year's resolution to reduce your debt is common, but transferring balances to an interest-free credit card might be a bad idea.
Topics: consumer-finance, human-interest, banking, adelaide-5000
Posted
A Federal MP is calling on banks to develop offsetting options for farm management deposits.
Topics: banking, agricultural-prices, agricultural-policy, federal-government, drought, storm-disaster, disasters-and-accidents, longreach-4730
Posted
Housing investors lead a strong jump in mortgage lending in November, adding credence to other signs of a bounce in the Australian housing market.
Topics: economic-trends, housing-industry, banking, money-and-monetary-policy, australia
Posted
China is set to release key data this week as US President-elect Donald Trump's looming inauguration prompts global markets to pause to ponder a number of "what ifs" associated with the political transition in the world's most powerful economy.
Topics: business-economics-and-finance, economic-trends, oil-and-gas, industry, banking, mining-industry, australia, china, united-states
Posted
Mortgage and credit card interest rates rise in late-2016, despite a steady Reserve Bank cash rate and falling term deposit rates.
Topics: banking, consumer-finance, housing-industry, money-and-monetary-policy, australia
Posted
A Singapore court finds a former manager at a Swiss private bank guilty of failing to report more than $US1.26 billion in suspicious transactions in a case linked to the indebted Malaysian state fund 1 MDB.
Topics: corruption, banking, government-and-politics, singapore, malaysia, switzerland, asia
Posted
Share analysts predict the recent run for larger blue chip companies will not continue in 2017, with the best returns to be found amongst smaller listed firms.
Topics: stockmarket, futures, markets, telecommunications, electronics, banking, housing-industry, australia
Posted
ANZ continues the retreat back to its core Australian businesses, with the sale of its New Zealand asset finance operations to Chinese interests for $628 million.
Topics: banking, takeovers, company-news, australia, new-zealand, china
Posted
| UpdatedAustralia's wealthiest suburbs are among the most vulnerable postcodes in terms of mortgage stress, according to expert analysis showing households in Melbourne's Toorak or Sydney's Bondi are up to five times more likely to default on mortgage payments than the national average.
Topics: housing-industry, economic-trends, banking, money-and-monetary-policy, australia
Posted
| UpdatedSingapore prosecutors file 16 charges against the local branch manager of Swiss-based bank, as part of an investigation into 1Malaysia Development Bhd.
Topics: corruption, banking, government-and-politics, singapore, malaysia, switzerland