Westpac raises fixed rates on interest-only home loans
Westpac is lifting interest rates on fixed-rate, interest-only home loans, as lenders respond to the regulator's attempt to dampen risks in the housing market.
Westpac is lifting interest rates on fixed-rate, interest-only home loans, as lenders respond to the regulator's attempt to dampen risks in the housing market.
Public servants could be hit for hundreds of thousands as government curbs tax breaks.
Taking weeks to draft press releases then submitting them for vetting to the very organisations you are supposed to be policing reads like something out of a Monty Python or Yes Minister skit.
Australia's biggest bank has hiked fixed interest rates on investor and interest-only home loans.
Australia's Macquarie has been forced to make a string of concessions with its £2.3 billion ($3.9) takeover of the UK's Green Investment Bank after a fierce backlash and claims that it is "worst kind of company" to be carrying out the organisation's environmental mission.
Politicians should stop mucking around with superannuation and allow people to have the security of knowing their lifetime savings are safe.
How a pen stroke embroiled former senior banker Michael Carapiet in a councillor's tax fraud.
Review recommends sweeping changes to the way banks pay their staff bonuses.
Two weekends ago disgraced former rich lister Craig Gore appeared to be on top of the world.
Retailers' ambitions for financial services have dimmed as competition in grocery grows.
Hacking group the Shadow Brokers says the NSA has infiltrated the backbone of the Middle East's banking infrastructure.
The​ National Australia Bank's customer relations boss has brushed aside concerns about his handling of problems inside the bank.
Credit Suisse Group AG leaders including chief executive officer Tidjane Thiam offered to have their variable pay awards cut 40 per cent.
Credit Suisse Group AG is facing growing opposition to its bonus plans for executives and directors, with a third advisory group recommending shareholders reject this year's pay packages as excessive.
Insurance companies should consider standardising their policy definitions to make it easier for people to compare policies against one another, the corporate regulator says.
The banking lobby has joined calls for the government to examine tax incentives for property investors.
Banks, financial services houses and credit companies will face public naming and shaming over bad behaviour in a suite of major reforms being considered by the Turnbull government.
Protesters are seeking to pressure the bank into guaranteeing it will not fund the proposed Adani coal mine in Queensland.
Macquarie Group looks set to acquire Britain's Green Investment Bank (GIB) after a court rejected the claim of a rival bidder on Friday.
The use of medical opinions is a multimillion-dollar industry but some say it can be abused to string out or reject legitimate life insurance claims.
The head of the corporate regulator says he is still uncovering "some pretty appalling things" when conducting surveillance on Australian banks.
Lashing the board for its "appalling" behaviour WAM chairman Geoff Wilson unseats the chairman of Hunter Hall Global Value
"Banks understand that they are swimming against the tide of powerful global forces that can be extremely exhausting and dispiriting".
Banks need to think harder about how they measure customer satisfaction when it comes to rewarding staff, according the head of a government inquiry into banking remuneration.
IAG estimates net exposure to Cyclone Debbie at about $140m as other insurers also count cost.
Home loan costs may rise if new rules forcing banks to holds more capital are not brought in a "steady and organic" way, a senior executive from Westpac has warned
Westpac believes the competition watchdog is suppressing innovation by backing Apple's block on banks' contactless payment apps on iPhones.
Hats off to Brian Hartzer for the use of understatement by declaring APRA's alleged crack down on real estate investors wouldn't have 'any particular profitability impact'.
As residents and businesses clean up from the ravages of Cyclone Debbie, a second round of damage is hitting. Now insurers' shareholders and policyholders are feeling Debbie's blast.
Will the latest efforts to cool the housing market address financial stability concerns or slow investor lending? Analysts don't think so.
Details of a remarkable pay arrangement came to light during a Federal Court examination by Joseph Gutnick's bankruptcy trustees.
With plans for a $US1 trillion infrastructure program, President Donald Trump is looking halfway around the world for inspiration.
Television broadcast licence fees are top of mind in the media industry this week as the federal budget approaches.
Scepticism is again proving unhealthy for European stock bears who see a monster behind every door.
Scrutiny is mounting after a corn oil producer guaranteed debt of a neighbouring aluminium product manufacturer.
The clock is ticking for many watch maisons who are now turning to vintage timepieces for inspiration.
The ABC star certainly stood out on the red carpet - but was it all a prank?
Unroll.me's customer data mining has come under fire but it seems the start-up is sorry, not sorry.
Online start-ups are making a difference to many businesses throughout rural Australia.
A free independent guide from SMH with expert information.
A free independent guide from SMH with expert information.
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