A recent hailstorm in Sydney could cost two of Australia's major insurance companies, IAG and Suncorp, up to $370 million.

Goldman Sachs' deal makers endured job cuts and a tough bonus season. Then the penny pinchers turned to their beloved phones.

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The banking industry may ultimately end up paying a hefty price for avoiding a royal commission.

You may not know it, but your doctor may transfer your full medical history to your life insurance provider, possibly in breach of doctor-patient confidentiality rules.

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NAB's chief executive has refused to be drawn on the remuneration of its most recent high-profile executive appointee, former NSW premier Mike Baird.

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The banking industry may ultimately end up paying a hefty price for avoiding a royal commission.

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“I’m just a dumb broken down old shearer, a frustrated Senator John Williams said as he repeated the question “did Deloitte speak to customers, yes or no?”

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NAB's chief executive has refused to answer questions over why the bank paid out and wrote a letter of recommendation for a disgraced planner when he left the business.

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There's an extraordinary battle underway in a relatively small listed investment company that tangentially involves the well-known names of James Packer and Peter Switzer.

Westpac may not be the only bank in cross-hairs over its home loan lending after Australia's corporate regulator said it was in talks with other banks with further announcements due "in coming weeks".

One of Australia's biggest industry superannuation funds, Cbus, is clear of further scrutiny from the securities regulator over its leaking of members' personal information to a trade union.

You can do almost all your banking online. So why can't you do the same to cancel a credit card?

Westpac has approved mortgages that borrowers are unable to afford because it failed to properly assess home loan customers' living expenses, the corporate regulator alleges.

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CBA paid Deloitte to “independently” investigate its life insurance division and received a report that found no systemic issues or misconduct.

Commonwealth Bank says that its staff aren't avoiding or wilfully denying life insurance claims.

Mike Baird has announced his return to the world of banking with a pledge to help make NAB the most respected of Australia's under-siege banks.

Former NSW premier Mike Baird is joining National Australia Bank as chief customer officer for the lender's corporate and institutional banking unit.

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Forget the banks, they're relative amateurs. If you want outrage, check out the private health insurance rip-off as demonstrated by NIB and Medibank.

Insurance giant QBE has reported a 5 per cent jump in net profit in the year to December 31 and announced a $1 billion share buyback ahead of expected earnings growth.

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If the big banks offer cheap cards, will consumers be smart enough to use them?

The chief executive of Mercer, one of Australia's biggest super fund administrators, has urged small funds to merge with bigger funds or risk folding in the next 12 months.

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Ask a senior banker about the big financial risks that keep them up at night, and climate change probably won't be one of them.

The Commonwealth Bank of Australia is severing its relationship with mortgage brokers who fail to sign up enough customers to their home loans.

Australia's largest general insurer posted a 4.3 per cent fall in first-half net profit, but that's better than the market expected.

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A parliamentary inquiry into the $44 billion life insurance industry is likely to dredge up a range of issues.

Bank staff have reported pressure to "not rock the boat" by calling out unethical or unlawful behaviour, the union representing finance workers says.

Australians need 4113 reasons to start worrying about credit card debt.

Westpac says its level of stressed assets fell slightly in the three months to December 31 after a rise in dairy, oil and metals prices boosted the quality of its portfolio.

More than 7000 Commonwealth Bank of Australia part-time staff are owed millions of dollars in unpaid superannuation entitlements, according to legal advice.