![Australian Bankers' Association chief executive Anna Bligh said the banking industry supported the recommendations.](/web/20170419172144im_/http://www.watoday.com.au/content/dam/images/g/v/d/u/f/f/image.related.wideLandscape.620x349.gvnflp.png/1492608761520.jpg)
'A lot of work to do': Banks back remuneration changes
Review recommends sweeping changes to the way banks pay their staff bonuses.
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.
Ex-CBA chairman says breaks for property investors such as negative gearing need to be addressed to cool down the housing market.
The new head of the Australian Banker's Association (ABA) - former Queensland premier Anna Bligh - has hosed down talk of a housing price bubble in her first day on the job.
The corporate watchdog has announced targeted surveillance of lenders and mortgage brokers who are inappropriately spruiking interest-only loans.
The trade-off of tougher lending standards is greater financial stability in Australia, which bank investors welcome.
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.
The US online retail giant is looking for a warehouse to become a fulfillment centre, the first of many in Australia, with floor space of up to 93,000 square metres, or about five MCGs.
The game of bidding tactics that started six months ago, is only now starting to get interesting.
The hunt for the right CEO just got harder because if he or she is from overseas they can't be aged over 45 under Malcolm Turnbull's plan to abolish 457 visas.
Outback Steakhouse asked employees to sign up for training which turned out to be a three-year contract.
Public service boss turns up the heat on BBQ blabbers.
It is one of the most polarising menswear styles, and it's time to embrace it.
A gyro stabiliser keeps the new 60-foot Whitehaven 6000 Flybridge on a surprisingly even keel.
Competing on service a timely new frontier for Australian retail marketing.
True personalisation is something only a small business can offer.
A free independent guide from SMH with expert information.
A free independent guide from SMH with expert information.