Business
Banking & finance
CBA slumps on spin-off as investors 'spooked'
CBA investor hopes of receiving a special dividend have been set back by its plan to spin-off its wealth management and mortgage broking business.
- by Clancy Yeates
Latest
Banking royal commission
ANZ stood to make $6 million if it repriced rural loans
ANZ stood to make $6 million per year by repricing loans of farming customers following its takeover of Landmark, the banking royal commission has heard.
- by Felicity Caldwell
Updated
Big four
'They are cleaning the place up' - CBA's spin-off plan to stop pain
CEO Matt Comyn also unveiled a new executive team to lead the bank, making six key appointments.
- by Clancy Yeates
Opinion
Big four
CBA's plan set to help it break free of its controversial past
Commonwealth Bank’s new chief has had to deal with the legacy of CBA’s recent troubles since his first day in the top job.
- by Stephen Bartholomeusz
Banking royal commission
ANZ admits treatment of some farming clients breached bank code
ANZ has acknowledged several instances of "conduct falling below community standards" with its agricultural customers, the royal commission has heard.
- by Felicity Caldwell
Banking royal commission
Banks' use of 'small print' clauses for farmers under scrutiny
Banks' heavy-handed enforcement of "small print" has left some farmers with very few finance options.
- by Clancy Yeates
Opinion
Banking royal commission
Farm loan scrutiny could sorely test banks' slogans
The gap between banks' advertising claims and some of the treatment of customers hasn't been lost on the royal commissioner Kenneth Hayne.
- by Clancy Yeates
Banking royal commission
Nationals MPs prepared to call for more time to probe farming loans
The royal commission will next week grill bankers over their treatment of farmers, following complaints of aggressive enforcement of loan contracts.
- by Felicity Caldwell
Regulation
AMP probe: ASIC consults DPP, obtains 600,000 documents
ASIC is consulting with the Director of Public Prosecutions and external counsel over its "long, sophisticated and still ongoing" investigation into AMP.
- by Ruth Williams
Big four
ANZ doubles share buyback program to $3b
The bank will increase its current on-market share buyback program by a further $1.5 billion.
Pay
NAB yields to pressure and stops sales bonuses for frontline staff
NAB will overhaul how bonuses are determined for branch staff, cutting the importance of financial targets to put greater emphasis on customer service.
- by Clancy Yeates