Ban on broker commissions would 'lift interest rates'

Industry says abolishing commissions would drive most mortgage brokers out of business.

Manly Ferry trial set to hasten decline of cash, credit cards

• COMMENT

The rise of newfangled digital payments took another step last week, when the Manly Ferry began accepting tap-and-go credit card payments for fares.

ANZ settles with broker Aitken over 'sexist' tweet

Bank reaches confidential settlement with stockbroker who was dumped after tweet.

$2.4b fight: calls to scrap mortgage broker commissions

The fight over $2.4 billion a year in mortgage broker commissions is heating up, as consumer groups call for all such payments to be scrapped.

'Disappointing': Third of big companies silent on climate risks

A third of Australia's largest listed companies are keeping their investors in the dark about how they are managing the potentially large financial risks of climate change, a survey has found.

P2P lending jumps as borrowers seek cheaper loans

Despite a shrinking market for personal credit, lenders in the nascent peer-to-peer sector such as SocietyOne are enjoying strong growth.

'Am I broke yet': future banking in hands of bots

Customers of ING Direct may soon be able to ask their "digital assistant" to check their bank balance, or tell a "chatbot" on Twitter to freeze a credit card that has gone missing.

NAB blames 'error' on failing to clearly disclose advisers were recommending its products

Financial advisers working at firms owned by National Australia Bank failed to clearly tell at least 150,000 clients they were recommending products that had been manufactured by the bank.

Cbus to cut insurance costs for young members

Superannuation fund Cbus will slash how much its youngest members are spending on life insurance, as part of a crackdown on unnecessary insurance cover purchased through the retirement saving system.