Georgia Wilkins

NAB overcharged 220,000 corporate superannuation accounts a combined $34.7 million, ASIC said.

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.

British challenger bank CYBG, which split off from NAB last year, says it is facing uncertainty due to Brexit.

NAB UK spin-off CYBG 'cautious' on Brexit

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

MPs Matt Thistlethwaite and David Coleman question NAB boss Andrew Thorburn.

Banks to face fresh grilling at parliamentary inquiry

The big four banks will again face public scrutiny with a second round of parliamentary hearings scheduled for March.

QBE said on Monday there was "no basis" to speculation it had received a corporate proposal.

QBE Insurance rejects Allianz bid speculation

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.

The Australian Securities and Investments Commission is finalising a report into the impact of commissions on ...

Smaller banks taking a bigger chunk of the mortgage market: AFG

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.

Alexander Tashevski-Beckwith (with his mother Marika) was planning to buy his first home in St Kilda.

His property was too small so bank walked away

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.

Amid speculation banks may hike variable interest rates in 2017, NAB says the cost of funding home loans is "elevated."

Warning on mortgage costs as bank profits squeezed

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.

"There are too many indications that this will not be as good as the previous year," Fitch director Andrea Jaehne says.

Challenging 2017 ahead for Australian banks: Fitch

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.

MELBOURNE, AUSTRALIA - JANUARY 13: Copy picture Ray Kataryna who has since died. on January 13, 2017 in Melbourne, ...

Raymond's bank battle 'really got to him'

For 10 years, Raymond Kataryna's relationship with his bank was clear. Then, the relationship started to blur.

Business insurance rates for tradies remained almost 40 per cent below prices offered at the end of 2012.

Low SME premiums sting big insurers

Record low insurance premiums for small businesses, particularly tradies, are creating a drag on earnings for big insurers

Georgia Wilkins

Business