Posted
| UpdatedFormer Queensland premier Anna Bligh is appointed as CEO of the Australian Bankers' Association, an industry group representing 25 banks across the country.
Topics: banking, people, alp, regulation, brisbane-4000, qld, nsw
Posted
| UpdatedANZ bursts out of the blocks with a large profit jump in its first quarter trading update, sending its shares 1.5 per cent higher.
Topics: banking, company-news, australia
Posted
| UpdatedThe Commonwealth Bank's move to lift investor home loan rates is the latest step to slow the rampant housing market, but analysts warn if property prices slow too much they might fall over.
Topics: banking, housing-industry, consumer-finance, australia
Posted
| UpdatedAustralia's biggest lender, Commonwealth Bank, unveils a record first-half profit of $4.9 billion, up 6 per cent on the previous record.
Topics: banking, industry, business-economics-and-finance, australia
Posted
| UpdatedBankwest confirms that property investors are no longer able to include the tax benefits of negative gearing when applying for a home loan from the institution.
Topics: consumer-finance, banking, housing-industry, australia
Posted
| UpdatedAustralia's major banks are sharpening up incentives to business to win a greater slice of lucrative default superannuation schemes, according to research out today.
Topics: business-economics-and-finance, industry, banking, superannuation, australia
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
Posted
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