Silence continues on the hundreds of Australians targeted in an international tax sting in Europe following the raids of Credit Suisse's offices over the weekend.

​Credit Suisse Group, some of its employees and hundreds of account holders are the subjects of a major tax evasion and money laundering probe that spans five countries.

Credit Suisse faces a sweeping tax evasion and money laundering investigation spanning five countries including Australia.

• COMMENT

Australia's largest banks versus Apple; there's no contest.

Home builders have given a mixed reception to the move by APRA to tighten the lending practices on interest-only and investor loans.

• UPDATED

Banks have been slapped with new limits on interest-only and investor lending as the banking regulator responds to heightened risks of rising housing prices and household indebtedness. 

• UPDATED

Australia's big banks will have to go it alone in their wrangle with tech giant Apple over the introduction of iPhone payments in this country.

The widespread flooding in northern NSW has prompted the Insurance Council of Australia to add the region to its catastrophe declaration in the wake of Cyclone Debbie.

• COMMENT

APRA is caught between a rock and a hard place in its attempts to reduce lending risk in the residential property market.

The Australian arm of American giant Citibank has refunded $5 million to around 230,000 customers after it failed to properly disclose credit card fees on international online purchases.

Bank of Queensland boss Jon Sutton says parts of Australia's housing market remain speculative but couldn't be characterised as a 'bubble'.

More borrowers are falling behind for the first time on their mortgage repayments, credit ratings agency Standard and Poor's says.

Life insurers are pushing back against calls for greater regulatory oversight, saying consumers are already being well served by the industry despite a series of scandals that have rocked the sector.

The world is fast moving towards a cashless economy as the Reserve Bank has reveals ATM withdrawals have hit a 15-year low.

Home appliance rental giant Radio Rentals is facing a class action accused of "unfair and unconscionable practices" that have up to 200,000 customers to the tune of up to $50 million.

Vulnerable Australians are still being sucked into paying extortionate interest rates on payday loans and leased household goods three months after the government pledged to pull the industry into line, consumer groups say.

The executive responsible for managing $34 billion of investments in Westpac's wealth management business, Martyn Wild, left the company abruptly on Friday following a series of allegations about inappropriate behaviour towards two female staff.

The nation's largest bank raised borrowing costs for owner-occupiers and property investors just hours after rate hikes from Westpac and ANZ.

A high-profile Australian economist and media commentator has been jailed for five years for supplying drugs at "chemsex" parties he hosted.

• COMMENT

It's the dirty secret CommInsure and the rest of the life insurance industry has been protecting for years: the ability to sell dud policies that contain outdated medical definitions that no one will pay out on. They can do this – and they do – because it doesn't breach the law.

The corporate regulator has called for sweeping changes to consumer protection laws following its investigation into Commonwealth Bank's troubled life insurer CommInsure.

Westpac's wealth management division has shrugged off "intense" regulatory scrutiny of the financial advice and life insurance sectors, saying it is on track to deliver growth in these areas.

• CommInsure customer who had a heart attack

"Totally laughable" is the way Nick Bishop describes the findings of the ASIC report into CommInsure.

One of Barclays's most senior bankers in the US is retiring to fight for civil liberties amid concerns about the rights of Muslims, immigrants and women under President Donald Trump.

Commonwealth Bank subsidiary Bankwest will shut its corporate banking services outside of its home state as it refocuses on its core customers in Western Australia.

• COMMENT

Come Thursday a royal commission or commission of inquiry into the scandal-ridden banking sector will become a live issue in Parliament.

The corporate regulator's landmark case against Westpac over allegedly irresponsible home loan practices does not show customers suffered "any hardship", a court has heard.

Rockefeller, who reportedly gave away nearly $US2 billion in his lifetime, "died peacefully in his sleep" of congestive heart failure at his home in Pocantico Hills, New York, spokesman Fraser Seitel said in a statement.

• EXCLUSIVE

Westpac has become the latest company subject to sexual misconduct allegations following a number of complaints by two female staff.