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Housing investor loans slumped by 10 per cent in 2017
New lending to property investors slumped by a tenth last year, but the prudential regulator is "not declaring victory just yet."
New lending to property investors slumped by a tenth last year, but the prudential regulator is "not declaring victory just yet."
Banks have promised not to enforce confidentiality agreements struck with customers or former staff who are giving evidence to the royal commission.
The federal government is looking to ramp-up pressure on the big banks by requiring them to share more data on their customers from the middle of this year.
Shareholders have given AMP the thumbs-up after the Australasian life insurer and wealth manager posted an underlying profit to $1.04 billion for the 2017 calendar year.
With regulators applying the blowtorch to banks, analysts are questioning how sustainable it is for CBA's biggest division to be making so much money.
The bank's earnings momentum weakened in the latest quarter as profit margins declined and costs grew due to wage rises and higher investment spending.
AMP's result was helped by a recovery in its Australian wealth protection earnings and strong operating earnings growth from AMP Bank.
Commonwealth Bank's powerhouse retail banking arm has notched up bumper profit growth thanks to last year's hikes in mortgage rates.
The royal commission into banking sector misconduct has warned victims and whistleblowers of not breaching confidentiality agreements in their submissions.
Solomon Lew is growing in confidence that Myer shareholders will have soon lost theirs in the department stores' embattled board and management.Â
CBA has set aside $375 million to cover fines it may face from a money laundering compliance scandal, and a further $200 million for other compliance costs.
The "four pillars" policy is unnecessary and there should be a sweeping review of restrictions on bank ownership, the Productivity Commission says.
Macquarie Group expects to reinvest the multimillion-dollar windfall it will receive from US corporate tax cuts in its future growth.
The bank fears customers are buying Bitcoin on credit cards in the hope that they will make a profit when the value goes up.
CBA may reveal fresh details about the potential hit to profits from its money laundering compliance scandal when it delivers its half-year earnings.
How Comyn rose up the CBA corporate ladder to take on the job of rebuilding CBA's reputation.
The Commonwealth Bank has been accused of rigging one of Australia's key interest rates.
A powerful inquiry into CBA's governance and culture will include analysis of more than 10,000 documents and detailed interviews with scores of executives.
CBA's board will consider whether to set aside money in its financial accounts to cover any fines it may face over a money laundering compliance scandal.
The Commonwealth Bank is being accused of trying to rig one of Australia's key interest rates, in yet another blow to its damaged reputation.
The top priorities for new Commonwealth Bank chief Matt Comyn should include rebuilding its tarnished reputation and possible cost-cutting, analysts said.
Since he was in his mid twenties, new Commonwealth Bank chief executive Matt Comyn has worked on an almost uninterrupted basis for the country's largest bank.
Commonwealth Bank's incoming chief executive Matt Comyn has vowed to "accelerate" the bank's attempts to address its cultural problems, as the lender seeks to restore its tarnished reputation after a series of scandals.
ANZ Bank's initial submission to the royal commission underlines there have been "significant failures over the last decade."
The decision to appoint an insider to the top job at Commonwealth Bank has gobsmacked many people who had expected the board to appoint a clean skin with a clean slate.
The big banks cut billions of dollars from their loans to fossil fuel companies in 2017, including a near 50 per cent cut in coal exposure, new figures show.
It’s no secret that public trust in banks is battered and bruised, but recent figures underlined just how serious the damage has been.
Bankwest has launched the first payment ring in Australia, as more wearable technology is enabled for contactless payments.
Most big bank financial planners failed to comply with a duty to act in customers' best interests when telling people to put their super in an in-house fund.
The Commonwealth Bank has compensated customers a total of $1.9 million over poor advice provided by five financial planners, ASIC said.
Failing to challenge assumptions leads to loss of competitive edge, writes Jim Bright
Schools in remote locations take on a central role.
Public health is improving through behavioural study.
What happens when you turn a hobby into a full-time job?
Fancy a career in the world of solar? The industry is about to get its time in the sun.
One of Japan's oldest distilleries embraced an ancient technique for their latest drop.
Chocolate beer is real and it's incredible - here are eight to try.
Research published by Telstra on Friday shows a reality gap between what small businesses are offering and what consumers want.
What happens if one or two giant couriers have too much power over restaurants and consumers?
A free independent guide from SMH with expert information.
A free independent guide from SMH with expert information.
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