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Crackdown on risky lending to hit rates

Banks have been given the green light to hike rates on interest-only and investor loans as regulators act to manage a dangerously overheated property market.

Contains:
Infographics

Govt vows to pursue full tax cut plan

The federal government has secured a tax cut for companies with turnovers of up to $50 million.

Australia's Serious Financial Crime Taskforce said it had identified 346 of its citizens "with links to Swiss banking ...

Credit Suisse tax probe nabs 346 Aussies

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

APRA says by reporting more data, banks will have a better idea about the expectations of regulators.

Regulatory focus moves into risk culture

As property prices surged this year, pressure was building inside the prudential regulator. Then the inevitable explosion happened.

Contains:
Infographics

Crowds gather around a TV in the window of the Bank of New South Wales in Sydney to watch Neil Armstrong walk on the ...

The bust that made Westpac

Chanticleer

The first 200 hundred years of the bank now known as Westpac were trailblazing and nail biting - but it was a crisis in 1992-93 that made the bank what it is today.