Slater and Gordon expected to avoid collapse
Financially distressed listed law firm Slater and Gordon is expected to avoid collapse after confirming that its new senior lenders are supportive of a restructure of the company.
Westpac follows NAB in raising home loan rates
Westpac has followed National Australia Bank's lead and hiked home loan interest rates for both owner occupiers and property investors.
A few bad apples? It's a dodgy adviser orchard
A report into the financial planning arms of the big four banks and AMP found 185 planners were "dishonest, illegal, deceptive and/or fraudulent" in their dealings with customers.
'Wake up call' - report rips into banks on planners
Australia biggest banks are taking up to six months to notify the corporate watchdog when they find misbehaving advisers and frequently fail to properly check the background of the financial planners they employ.
NAB sells rare $500m gender equality bond
National Australia Bank has sold $500 million of "gender equality" social bonds amid burgeoning demand for ethical investments.
Banks are itching to increase your mortgage interest rate
It was a gutsy call by NAB to raise mortgage interest rates on owner occupier loans. But make no mistake this move has opened the floodgates.
NAB sailing the RBA winds to profit
If the Reserve Bank and National Australia Bank were competitors, the consumer watchdog could have a case against them for price signalling.
'We can't hold their hand': ASIC vows to name and shame banks
Banks will be publicly named and shamed if they continue to fail to do basic background checks on their financial advisers.
ING steps up investor housing loans as big four pull back
The Dutch banking giant's Australian arm expects to increase lending to housing investors this year, allowing it to gain market share as the big four banks pull back for fear of breaching regulatory caps.
NAB raises variable, investor home loan rates
National Australia Bank will tap the brakes on a resurgent investor market by hiking interest rates on variable home loans for property investors, while also increasing rates for owner occupiers.
Westpac, ANZ donate $6m to charity over FX breaches
Westpac and ANZ will donate $6 million to charity as part of a settlement with the corporate regulator.
'Careless' Credit Suisse to pay $170,000 penalty
Investment bank Credit Suisse has copped a $170,000 fine from the market watchdog after its clients were able to place almost 10,000 orders in the options market without the appropriate limits on prices in place.
'We are sorry': CBA tells inquiry on unpaid super
The Commonwealth Bank has apologised for failing to pay more than 7000 part-time staff, including the lowest paid, their full superannuation entitlements.
Pengana merger plan lights fire under Hunter Hall shares
Shares in fund manager Hunter Hall International surged Friday on the planned merger with another fund manager, Pengana Capital
St George Bank customers hit by mobile, internet banking outage
St George Bank customers were hit by an outage affecting the financial institution's mobile and internet banking services on Thursday morning.
Winner for best performance at the banking inquiry goes to...
The envelope please. For best performance of an Australian chief executive at the latest parliamentary inquiry into banking...
Westpac closes the gender pay gap ... well, almost
The boss of one of Australia's biggest banks has used International Women's Day to declare the company has closed the gender pay gap.
Listed companies duck for cover when it comes to climate change: IGCC
The great bulk of Australia's largest listed companies are failing to disclose their exposures to climate change.
Hunter Hall pressures mount with the launch of Morphic Ethical fund
Hunter Hall International's ethical investment mantle is under threat as a former star fund managers launching a listed investment company aimed squarely at ethical investment.
'We feel extremely accountable': Westpac CEO rejects shaming of bad banks
Westpac chief executive Brian Hartzer has been pulled up on his company's stance on public reporting of bad bank behaviour and its practices in selling superannuation products as he fronted the parliamentary committee reviewing the big four banks.
'Ridiculous' – CBA's Yes Minister moment
“It reminds me of Jim Hacker in Yes Minister visiting St Edwards, a hospital that had no patients,” an incredulous shadow minister for treasury Matt Thistlethwaite told the CBA boss Ian Narev after grilling him about an “independent” report into its life insurance division.
Big banks split on outing bad executives
Commonwealth Bank chief executive Ian Narev has defended an internal report into the bank's troubled life insurance arm, Comminsure, despite admitting no customers were interviewed as part of the process.
Slater and Gordon class action takes a strange turn
A class action against troubled law firm Slater and Gordon faces another hurdle with lawyers for shareholders being accused of a major conflict of interest.
Insurers facing $370m bill from Sydney hail storm
A recent hailstorm in Sydney could cost two of Australia's major insurance companies, IAG and Suncorp, up to $370 million.
Goldman penny pinchers go after bankers' phone perks
Goldman Sachs' deal makers endured job cuts and a tough bonus season. Then the penny pinchers turned to their beloved phones.
Banks may rue not facing a royal commission
The banking industry may ultimately end up paying a hefty price for avoiding a royal commission.
Insurers reveal doctors are sharing full medical histories
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.
Questions raised over Baird's salary at new NAB job
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.
Banks may rue not facing a royal commission
The banking industry may ultimately end up paying a hefty price for avoiding a royal commission.
A 'broken-down old shearer' takes on CBA
“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?”
Wall St rally stalls, oil flat
US equities were little changed with the greenback. Oil was flat. Iron ore dips. Copper edged higher as did the $A.
Kashkari pins dissent on data
Little-changed economic data and his belief that job market slack remains pushed him to cast the lone dissent vote.
BofA's Banks sees S&P; 500 at 2600
The S&P; 500 Index could reach 2600 as the global economy improves and corporate earnings climb, according to Bank of America.
ANZ quits base metals, coal, iron ore trading
Australia and New Zealand Banking Group is quitting trading activity in base metals, coal and iron ore and electricity.
Game of phones: Telstra's regional roaming rage
Culla doesn't have a post office or any shops. It doesn't even have a pub. But on Thursday morning the regional Victorian township did get a Telstra phone tower.
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