Bank levy will hit home loans, deposits
Banks will have to disobey the Treasurer and pass on some costs of the levy to customers in order to meet a key aim of the policy - increased competition.
James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for more than a decade and is the former editor of Smart Investor magazine.
Banks will have to disobey the Treasurer and pass on some costs of the levy to customers in order to meet a key aim of the policy - increased competition.
Bank industry figures say the government's stance is needlessly aggressive, with David Murray slamming the levy as a "hate tax".
The Treasurer has attacked the banking sector for getting too big while revealing the first installment of the bank levy will be delayed by three months.
Asian banks will have a bigger share of Australian lending than European rivals by 2020.
The government’s proposed bank levy is undermined by previous actions to save banks and new moves to make them stronger.
The fallout from the government’s surprise tax grab continues to reverberate through the banks, analysts, investors and markets.
The appetite for property investment in Australia is unparalleled around the world and an instinctive red flag, the former Future Fund manag...
Why banks could be penalised for strengthening their capital position.
Under the numbers provided by the banks, the Commonwealth Bank, Australia's largest bank, appears to be the least impacted by the levy on a ...
The failure of regulators to quell the relentless march of house prices sparks warnings of a sharp correction in property prices and bigger ...
The global credit ratings agency has lowered the ratings of 23 Australian financial institutions as the risk of a sharp correction in proper...
More voices from the banking community have come out in support of the levy on our five biggest banks.
Tensions within the banking sector are on the verge of boiling over as Australia's smaller banks line up in support of a levy on the big fou...
The big four banks have begun a campaign to see more banks subject to the levy as a former bank CEO warns "capital goes where it is welcome"...
Fund managers say the bank tax will scare off foreign investment in all Australian companies.
The failure to address a long standing PR problem will make any campaign against the bank levy hard work.
Questions are being asked about why international banking giants aren't subject to the controversial six basis point levy on liabilities.
A split has emerged among the five banks targeted by the Federal Government's new levy.
K2 is the latest fund manager to bow to fee pressure by announcing plans to slash performance and management fees.
Bank shares remained in the cross hairs on Wednesday with a round of analyst downgrades leading to further falls.
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