Business
Banking & finance
Trust in institutions eroded: Ken Henry
The erosion of public trust in banks is part of a wider decline in pubic sentiment towards large institutions, which will take a long time to rectify, National Australia Bank chairman Ken Henry says.
- by Clancy Yeates
Latest
First drop in banks' interest-only loans since 2009
The value of interest-only home loans on the books of Australian banks shrunk for the first time in more than seven years last quarter.
- by Clancy Yeates
CBA could lose market darling status on Austrac scandal: analysts
A money laundering compliance scandal threatens to cost CBA its position as the country's top-rated banking stock.
- by Clancy Yeates
Bumper bars crunching insurers
The growing sophistication of bumper bars is pushing up motor insurance claim costs, causing more cars to be written off and crunching the profit margins of Insurance Australia Group.
- by Clancy Yeates
APRA inquiry may trigger CBA management shake-up
The Commonwealth Bank is tipped to face further upheaval in its senior management ranks as a result of the banking regulator's move to put the bank's organisational structure under the microscope.
- by Clancy Yeates
Push for tighter caps on credit card limits
How long is too long to spend paying off a credit card debt?
- by Clancy Yeates
More show than go: Ambulance chasers' case against CBA not as strong as you think
The proposed Maurice Blackburn/IMF Bentham class action against the Commonwealth Bank may not have nearly as much going for it as the highly publicised launch on Wednesday would have us believe.
- by Michael Pascoe
No further crackdown for interest-only customers: Mortgage Choice
Banks could soon partially unwind some of the tighter credit conditions being felt by many property investors, one of the country's biggest mortgage brokers predicts.
- by Clancy Yeates
Perpetual lifts dividend after big profit increase from wealth advisory
Perpetual's wealth advisory business provided the highlight of the financial services group's full-year results.
- by John Collett
Chief executive performance bonuses 'consistently high': ACSI
Only eight chief executives of Australia's 100 biggest listed companies missed out on a bonus last year, says a new report that suggests performance hurdles for many bosses should be higher.
- by Clancy Yeates
CBA facing potential class action over disclosure of laundering allegations
The Commonwealth Bank faces a potential investor class action over its disclosure of more than 53,000 alleged breaches of anti-money laundering laws, following a sharp fall in its share price when the scandal emerged earlier this month.
- by Clancy Yeates