Business
Banking & finance
Clydesdale Bank takes $56m charge for possible insurance liabilities
Provision for possible PPI liabilities now stands at more than £380 million since March, 2018
- by Stephen Miles
Latest
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Home loans
Former RBA governor says home loan plan could help buyers 'at the margin'
Former RBA governor Bernie Fraser has given tentative backing to the first home buyer plan, saying it should help people enter the property market.
- by Clancy Yeates
Opinion
Big four
Why big banks don't care about the first-home buyer stunt
You would think the country’s largest mortgage lender, CBA, would be doing cartwheels over the proposed scheme.
- by Elizabeth Knight
Banking royal commission
IOOF's troubled ANZ superannuation deal hits another snag
Mid-October termination date if P&I approvals are not received from ANZ, the board of its independent OnePath trustee and now, possibly APRA.
- by Stephen Miles
Updated
Banking royal commission
CBA's clean-up bill for scandals tops $2.1 billion
CBA's cumulative bill for compensation and related costs has swelled to more than $2.1 billion, as its profits are also hit by slower credit growth, skinnier margins, and rising loan losses.
- by Clancy Yeates
Exclusive
World markets
Low rates 'drug' may not be enough for growth, says QBE boss
Very low interest rates may not be enough to reignite global growth, the chief executive of insurance giant QBE says.
- by Clancy Yeates
Home loans
Home loan scheme could increase negative equity risk, economists say
Mortgages with deposits of only 5 per cent could result in more people ending up with a loan worth more than their house if the house price slump continues.
- by Clancy Yeates
Financial planners
Forget humans, more than 1m could be using robots for financial advice
Taking out computer-generated investment advice could make sense for more than 1 million Australians, says robo-adviser Six Park.
- by Clancy Yeates
Indigenous
$30,000 on ATM fees: Palm Island bank customers highlight Indigenous finance problems
Financial services are improving access for Indigenous Australians, but peak bodies say it's a 'five-day-a-week' job that requires a national strategy.
- by Natassia Chrysanthos
Bank fees
NAB to ditch 50 business bank fees in new shake-up
National Australia Bank is scrapping 50 types of fees paid by its business customers, and could "radically" cut the number of fees charged across the bank.
- by Clancy Yeates
Shares
'We have listened': QBE avoids second 'strike' on executive pay
QBE has dodged a second shareholder "strike" vote on executive pay after it turned around its financial performance and revamped how it pays its top managers.
- by Clancy Yeates