Investors to be wary of recently listed companies since they are oftenj priced to perfection, one fund manager has warned
Consumers are spending more on debit cards than credit cards for the first time, as shoppers shy away from racking up debts on plastic.
Under new rules, financial planners have a duty to act in the best interests of their clients. But some planners can take that too far.
Key planks of the banking industry's reform plan, including a promise to name and shame bankers who break the rules, are taking longer to implement than expected.
A senior planner at the National Australia Bank who cheated on his third attempt to pass a basic compliance exam has found guilty of breaching an industry code.
Vice presidents, directors and managing directors at the German bank will get no 2016 bonus. Neither will management.
Goldman Sachs's quarterly profit tripled and Citigroup's net income rose 7pc, surpassing analysts' estimates amid a bond-trading revival.
You're young and want to get ahead. First in and last out of your Wall Street office. You work weekends and message colleagues with inspired trading ideas at all hours. Guess what? You've just marked yourself as a potential rogue trader.
A first home buyer has lost a $41,000 deposit on a St Kilda apartment after the National Australia Bank walked away from the loan at the last minute due to the property's size.
Deutsche Bank agreed to pay $US7.2b ($9.5b) to the US Justice Department for having 'contributed directly' to the global financial crisis.
The most aggressive incentive schemes still being used by some banks to boost sales by staff are putting customers at risk of being sold inappropriate products, an industry-funded review has suggested.
Growth in new lending to housing investors has accelerated to its fastest annual pace since early 2015.
National Australia Bank has warned the cost of funding mortgages "absolutely remains elevated," as it and ANZ Bank hiked interest rates on fixed interest rate home loans.
Ratings agency Fitch has revised its outlook for the Australian banking sector to negative amid concerns about rising household debt and pressures on the banks' profits.
Two major banks have hiked fixed interest rates on home loans, and a senior banker at National Australia Bank says funding costs that drive variable interest rates "absolutely remain elevated."
Xero's model for small business customers and banks sharing data could be applied in consumer banking, the software company says.
ING Direct has poached Westpac rising banker Melanie Evans to spearhead the Dutch lender's plan to carve out a bigger share in the lucrative Australian retail banking market.
Profits at JPMorgan Chase and Bank of America surged last year, as the industry received a boost from a stock market rally.
Deutsche Bank has banned text messages and communication apps on company phones in an effort to improve compliance standards.
For 10 years, Raymond Kataryna's relationship with his bank was clear. Then, the relationship started to blur.
If banks can't make it in Asia, what Australian businesses will?
Peter Hall's surprise resignation on Friday as a director of Hunter Hall Global Value has rekindled criticism of the group's governance.
ANZ Bank is moving a step closer towards "virtual" credit and debit cards, through new changes to automatically upload replacement cards for those that are lost onto customers' smart phones.
Record low insurance premiums for small businesses, particularly tradies, are creating a drag on earnings for big insurers
A former Barclays director has been sentenced to five months in jail for passing merger tips to a plumber friend and getting cash and free tiling in return.
Bank's juicy dividends can be sustained in the face of looming increases in capital requirements, as lenders have probably raised the vast majority of the capital they will need, according to new analysis from Credit Suisse.
ANZ Bank has sold UDC Finance to China's HNA Group for $NZ660 million as it streamlines its business.
A handful of banks have cut the interest rates paid to savers over summer, as average returns on savings accounts dipped below the inflation rate.
Australian bank shares have hit their highest levels in more than a year, amid predictions that tougher regulations slated for 2017 will be delayed and potentially watered down.
National Australia Bank mistakenly sent the bank account details of 60,000 customers to an email address controlled by a domain name squatter and owner of adult websites.
In announcing the appointment of Carl Icahn as his new adviser on regulatory reform, President-elect Donald Trump characterised the Wall Street legend as "one of the world's great businessmen." By Trump standards, it was a minor mischaracterisation, one that confused the Main Street world of business, where value-adding goods and services are created and sold, with the trading, dealmaking world of finance on Wall Street.
I have to admit I smiled, knowing that Vegemite is planned to return to Australian hands. It is a national icon, after all. Is there really a more Australian product than Vegemite? Sure, we have our beer brands, and beer might be typically Australia, but it's not uniquely so.
Imagine a $2.1 trillion pile of private savings that is the result of government policies and receives hefty tax breaks, but has no clear objective enshrined in law.
The President of Guinea is disputing public statements made by Rio Tinto about the firing of a senior executive for a $US10.5 million payment made to the president's friend Francois de Combret.
Analysts find value in smaller players, despite a rough few months for the sector.
With some long, hot days ahead make sure you know the best places to cool off are.
You might picture them in the latest sports car, but the reality couldn't be more different.
Small businesses are better than big businesses at managing drivers risk. And there's more.
Lax security was all too evident in the holiday sales rush.