![Banks will allow customers to cancel a credit card online under the new code of conduct.](http://web.archive.org./web/20171219232840im_/https://www.fairfaxstatic.com.au/content/dam/images/h/0/7/b/e/t/image.related.wideLandscape.620x349.p4yxud.png/1513724280788.jpg)
Banks overhaul code of conduct in bid to rebuild trust
Banks have vowed to make it easier for customers to cancel their credit cards as part of a new code of conduct.
Banks have vowed to make it easier for customers to cancel their credit cards as part of a new code of conduct.
ANZ Bank chairman David Gonski concedes the lender still has "a great deal to do" as it tries to regain public trust.
National Australia Bank has refunded $1.7 million to 966 home loan customers after incorrectly setting up some mortgage offset accounts.
CommInsure will donate $300,000 to a consumer legal centre in response to concerns some of its advertising misled consumers.
ANZ Banking Group has signalled that a new $1.5 billion share buyback is likely to be followed up by further moves to return surplus capital to shareholders.
First detailed comments on the royal commission from the head of one of Australia's biggest banks.
"It really does require a sentence to be imposed that will provide adequate deterrence to ensure that investors, who these days often are retired people who have no other means of earning a livelihood except for their investments ... are adequately protected," magistrate Cathy McLennan told a gobsmacked court.
Commonwealth Bank has highlighted a recent crackdown on how much cash it will let customers deposit through the bank's ATMs.
After last month recording a contingent liability, NAB does not expect to encounter any significant problems with Austrac, the financial intelligence regulator.
Commonwealth Bank failed to tell authorities about suspicious transactions being made by a convicted terrorist within the required timeframe, Austrac says.
Westpac will repay $11 million to 9400 mortgage holders due to a systems error affecting some loans going back 25 years.
Austrac alleges CBA twice failed to inform it of suspicions relating to the financing of terrorism within the required 24 hours.
Reserve Bank governor Philip Lowe says there is a "speculative mania" surrounding cryptocurrencies.
Commonwealth Bank signalled it won't fight the regulator on 91 allegations that it failed to properly detect suspicious deposits made through its ATMs and it will also admit to 52 claims that it failed to properly monitor customers.
National Australia Bank is targeting small business owners who are seeking a capital injection without putting their home on the line.
A former Commonwealth Bank financial planner who pleaded guilty to forging clients' signatures on documents has been given a $3,000 fine.
The Australian Prudential Regulation Authority (APRA) intends to beef up standards to make super funds accountable for poor performance and justify their expenditure on marketing and advertising.
Travellers departing Melbourne Airport can now savour a final taste of the city's renowned high-end shopping, eating and drinking.
ANZ Bank couldn't justify investing the sums needed to turn its wealth business into potential market leader, a realisation that ultimately led to the lender offloading its life insurance arm for $2.85 billion to Swiss giant Zurich.
Markets are betting the eventual rise in interest rates will be later, and more gradual, than previously thought.
New proposed rules will mean mortgage brokers would no longer have an incentive to sell customers larger-than-necessary home loans, the industry claims.
Westpac chairman Lindsay Maxsted says one year should be enough time for the royal commission to get to the bottom of the banks' misconduct problems.
Banks face growing pressure to provide retailers with a cheaper way of accepting tap-and-go debit payments, with the banking inquiry setting a new deadline.
It's the latest incident to highlight risks that uneven oversight and security pose to the booming digital currencies.
We need to recognise that competition is the strongest instrument for keeping people honest, not royal commissions.
Westpac's Lindsay Maxsted is expected to explain to shareholders why the bank suddenly changed its tune on a royal commission at its annual meeting.
Average withdrawals per machine have nearly halved since 2007-08.
ASX Ltd will replace its registry, settlement and clearing system with blockchain technology to cut costs for customers.
Shoppers will soon be able to take a scan of their thumbprint or face to authorise a credit card purchase, instead of entering a PIN.
Among the many mysteries at the heart of the cryptocurrency market are these: Does $1 billion of a digital token known as tether really exist?
In 2000, the Clay Mathematics Institute announced the Millennium Prize problems. These were a collection of seven of the most important maths problems that remain unsolved.
The ASX is set for a softer start, backing away from nine-year highs, after Wall Street paused following Republican approval of a US tax cut plan.
Having subdued Australia's housing market frenzy, Governor Philip Lowe now has to steer his way through the hangover.
Chief Executive of the Australian Bankers Association Anna Bligh says that banks are focused on improving the customer experience and cracking down on poor behaviour.
Technology isn't big on the Australian sharemarket, but it has provided investors with a stock that has soared 1,226 per cent this year.
Fight the urge to indulge and embrace a more wholesome festival season.
The hot hatch has come a long way since its early days.
People working in the small business sector may be more likely to be affected by poor mental health than the general population.
There is a depreciation cost limit for motor vehicles.
A free independent guide from SMH with expert information.
A free independent guide from SMH with expert information.