Manly Ferry trial set to hasten decline of cash, credit cards
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.
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Clancy Yeates
Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.
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.
NAB extends crackdown on interest-only home loans
National Australia Bank will start automatically knocking back customers seeking to borrow a high multiple of their income through an interest-only home loan, amid concerns over the risks created by rising household indebtedness.
AustralianSuper 'not concerned' about bank tax
Country's biggest superannuation fund has not changed its view despite claims by banks that the new levy will hit all Australians' retirement savings.
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