![The big banks have tightened home lending standards in recent years, and there could be more to come.](http://web.archive.org./web/20170614081018im_/https://www.fairfaxstatic.com.au/content/dam/images/g/n/l/i/2/6/image.related.wideLandscape.620x349.gwqoy9.png/1497423914366.jpg)
Aussie banks still more generous than their global peers
Australian banks have become stricter when it comes to how much they lend homebuyers but they are still more generous than their global peers, research finds.
Australian banks have become stricter when it comes to how much they lend homebuyers but they are still more generous than their global peers, research finds.
ANZ's move to jack up the cost of interest-only home loans will probably be copied by rivals, analysts predict, as lenders respond to a regulatory crackdown while also protecting their profit margins.
National Australia Bank is facing fresh claims its financial planners have falsely certified customer ID documents, in a potential breach of anti-money laundering rules.
Customers with interest-only loans are likely to be charged an even higher premium by banks compared with those who are also paying back principal, home loan experts predict.
Westpac has rejected the corporate watchdog's claim it broke responsible lending laws in the mortgage market, saying the regulator has failed to prove that a group of loans it made were unsuitable for consumers.
Macquarie Group will acquire Cargill's North America power and gas business for an undisclosed amount.
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.
ANZ Bank raises rates on interest-only home loans but cuts them on principal and interest loans.
Deutsche Bank is not allowed to share information it may have about President Donald Trump's finances and his possible ties to Russia despite a request from US lawmakers, the German lender told Congress on Thursday.
A new compensation scheme for victims of bad financial advice needs to be considered to restore trust in the financial sector, the head of the government's financial review panel says.
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.
Westpac customers have been targeted by criminals in a malicious email campaign this week that attempts to collect their personal and banking information.
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.
Macquarie Group, battling a surprise $6.2 billion tax on Australia's lenders, left open the option of moving its headquarters abroad on Friday.
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.
Wesley William Hall is suing Westpac for unfair dismissal and is seeking $600,000 in compensation.
A former NAB financial planner has been permanently banned from the industry after pleading guilty to misappropriating $2.3 million in client funds. Another is fighting a ban in Melbourne.
Australia's $2.8 trillion fund industry is one of the last havens for fund managers relying on human judgement for their investment calls. That may be about to end amid the global onslaught of low-cost, index-tracking funds.
NAB chair Ken Henry says communities and businesses can play a bigger role to develop projects.
Corporate watchdog investigates whether share traders exploited inside information on bank levy.
Customers have been left without basic banking services as the major bank suffers what appears to be a nationwide outage.
Australian Prudential Regulation Authority chairman Wayne Byres has played down the impact of the bank levy on financial stability.
Australia's corporate insolvency laws are among the most favourable to banks in the world, but this mantle could be threatened by looming changes to wrestle power away from lenders.
One word has been notably absent from discussion about China's credit downgrade: Fintech.
The head of the Treasury has dismissed the impact of $6.2 billion budget levy on banks.
Network Ten's fate was sealed by media moguls Lachlan Murdoch and Bruce Gordon, according to an agreement reached the Friday before Ten was placed into voluntary administration.
Market analysts have welcomed moves by infant formula company Bellamy's to stabilise the business, saying the steps resolved significant uncertainties surrounding the company and gave it a clearer pathway for sales into China.
One senior trader has attributed the ASX's second day of strong performances to investors cramming funds into superannuation accounts.
Telstra is set to cut up 1400 jobs as the telco looks to cut costs.
There are plenty of worries playing on the minds of iron ore investors, but Deutsche Bank says the slide is no doomsday scenario.
It was meant to mean effort-free purchasing, but this writer has had one too many bad experiences buying online.
The LC coupe is part of a new direction from the Japanese brand that lets drivers "experience amazing".
Ten years ago practically every mother wanted to start a start-up. Everything's changed.
The Goods and Services Tax has been a part of the Australian business landscape for almost 17 years now. There have been some changes over that time, such as the increase in the income threshold requiring compulsory GST registration up to $75,000, but in many ways the GST system is largely unchanged.
A free independent guide from SMH with expert information.
A free independent guide from SMH with expert information.
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