Bendigo shares fall on the back of flat result
​Bendigo and Adelaide Bank shares fell almost 5 per cent on Monday after the lender posted a relatively flat half-year result amid funding challenges and intense competition in the sector.
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Georgia Wilkins
Life insurers feel the heat with AMP losses, Suncorp retreat
Life insurers are feeling the impact of the crisis engulfing the $44 billion sector, with AMP hitting shareholders with a $344 million full-year loss and Suncorp signalling it is considering exiting the sector altogether.
'Poor outcomes for consumers': ASIC's life insurance submission
Financial advisers inside the banks' wealth divisions are biased towards selling the banks' own life insurance products, the corporate watchdog has told a life insurance inquiry.
CBA compensation scheme pays out $23 million
The Commonwealth Bank has paid out $23 million to 1800 customers as part of its troubled internal compensation scheme for victims of bad financial advice.
Banks forced to repay customers $41 million
National Australia Bank has been forced to pay $36.5 million in compensation after the regulator revealed it had ripped off hundreds of thousands of superannuation members and knocked back insurance claims to seriously ill customers.
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.
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.
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.Â
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.
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.
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