Banks and government at war over tax
Malcolm Turnbull dismisses as nonsense claims the new $6.2b tax and tougher regulation might destabilise the banking system.
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Are banks on the road to nationalisation?
The measures announced in Tuesday's federal budget have far more profound consequences for the big banks than a simple tax hit.
Treasurer delivers the wrong budget
There is little in this budget about incentives-based economic reform to help structural change and reform that looks at outcomes rather than inputs.
How to trade the 2017 budget
Banks are one of the biggest losers of the federal budget, but most of the damage to their shares is already done. Here are the other winners and losers.
Surplus forecast 'optimistic': KPMG
KPMG chief economist Brendan Rynne says the treasury's forecast for budget repair seems to be at the 'optimistic end of the spectrum.'
Trump 'terminates' FBI director Comey
President Donald Trump tells FBI director James Comey that he's 'terminated ... effective immediately'.
Markets Live: Banks fight back
The big banks have trimmed early sharp losses on fears the new tax will hit them hard, helping to push the overall market firmly higher amid...
Westpac says tax impact 'uncertain' as bankers reel
Westpac says it needs more information to determine the impact of the new tax as sources describe the mood inside the big banks as one of 's...
'Harsh' budget bank levy will be passed on
Analysts say banks would be likely to pass the costs on to their borrowers, and it could result in interest rates on investor loans rising b...
Budget 2017: Winners and losers
Business owners, families and first home buyers get a hand up. Students, property investors and bank CEOs face tougher times.
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- 4. Winners and losers the 2017 Budget
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