![The bank said the cut would benefit 80 per cent of its owner-occupier customers, who were paying principal and interest.](http://web.archive.org./web/20170609054233im_/https://www.fairfaxstatic.com.au/content/dam/images/g/u/e/n/p/f/image.related.landscape.460x307.gwnxu0.png/1496985439875.jpg)
ANZ, Suncorp target investors with rate hike
ANZ Bank is hiking interest rates on interest-only home loans by 0.3 percentage points, but at the same time cut rates for customers who are paying principal and interest.
Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.
ANZ Bank is hiking interest rates on interest-only home loans by 0.3 percentage points, but at the same time cut rates for customers who are paying principal and interest.
A former Westpac financial planner has been slapped with a five-year ban after it was revealed 177 clients had been charged fees without receiving all the services they had paid for.
The government's plan to beef up the banking regulator's powers could see executives facing stiff penalties for "honest, if mistaken, risk judgments", Commonwealth Bank director Harrison Young says.
St George Bank is taking legal action seeking $9.3 million from former BBY executive chairman Glenn Rosewall.
Banks put themselves in an "untenable situation" by failing to sack any of the senior executives who presided over a series of scandals.
National Australia Bank chairman Ken Henry says the nation faces an "extraordinary" economic opportunity to develop regions outside the capital cities, as the bank bets on a long-term lift in rural Australia.
More than just about any other business, large banks (and their shareholders) receive big commercial advantages from their essential role in their economy.
National Australia Bank will advise customers who are overseas on the Aussie dollar cost of making purchases in foreign currency, including fees, as banks try to design apps that can adapt to what their clients are doing.
Such is the impact of Amazon that it is even affecting what people expect from their bank.
Three of the country's big banks have cut interest rates paid to many customers with savings accounts in the past month as lenders try to protect their profit margins.
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