Commonwealth Bank facing APRA probe

• UPDATED

An unprecedented inquiry will examine whether the Commonwealth Bank undermined its own reputation in pursuit of profit, after a damaging run of scandals at the country's biggest bank.

Push for tighter caps on credit card limits

How long is too long to spend paying off a credit card debt?

Crackdown on interest-only loans tipped to ease

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.

Low real estate listings, sales whack McGrath earnings

The challenging housing market has taken its toll on listed real estate agency McGrath, whose full-year net profit dropped 42 per cent to $4.9 million amid low real estate listing volumes.

Raking it in: Australia's top 10 paid CEOs

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.

Motor claim costs to squeeze IAG margins

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.

IAG shares drop as insurer sees tougher times ahead

Insurance Australia Group shares have dropped more than 7 per cent after the insurer said profit margins would narrow in the year ahead, amid high claim costs.

'Astounding': CBA facing potential class action over Austrac scandal

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.

Banks face shareholder battle over BEAR

Banks are on a collision course with some of their key shareholders over Scott Morrison's plan to give the prudential regulator stronger powers to intervene in senior bankers' pay packets.