It is unrealistic to expect banks to pass on any future cuts in official interest rates to home loan customers in full, Bendigo and Adelaide Bank chief executive Mike Hirst says.
No matter how low interest rates may fall, banks should make sure new borrowers are able to cope with borrowing rates of at least 7 per cent, new guidelines have confirmed.
Tracker home loans could put an end to the tiresome cat-and-mouse game on mortgage pricing that follows every change in official interest rates.
When the Marie Schulte rounds the breakwater off the Chinese port of Qingdao in early November, bankers on two continents will be watching anxiously.
A Chinese company founded by billionaire Lu Zhiqiang stands to become the majority shareholder in Australia's largest mortgage insurer after making a $US2.7 billion ($3.6 billion) bid for its US-listed parent.
National Australia Bank this week kicks off a round of bank profit results that are forecast to show the big four lenders raked in more than $30 billion last financial year.
The $107 billion charity sector is a sacred cow, but also a black box.
Investors in hedge funds have redeemed $68 billion in the first nine months of the year.
Australia's powerful banking regulator has declined to enter into the debate over whether Sydney faces a housing bubble.
Morgan Stanley reported a 57pc increase in profit as fixed-income trading revenue almost tripled.
More Australian homeowners are set to fall behind on their mortgages, Moody's predicts, due to the slump in the resources sector and the potential fallout from an apartment-building boom.
Australia's top financial regulator has dismissed as self-serving arguments by Australia's big four banks that they can't afford to offer so-called "tracker mortgages" that would move in tandem in official interest rates.
A resurgence in fierce price competition between Australia's big banks could pose a threat to the industry's prized dividends, new research says.
The corporate regulator is concerned that some life insurers with low rates of customer claim denials have actually been classifying claims that had been dismissed as "withdrawn claims".
Goldman Sachs' net income rises 46 per cent to $US2.1 billion in the third quarter, beating analysts' expectations.
Oscar-winner Leonardo DiCaprio is cooperating amid a widening money laundering review of 1MDB.
Pressure to raise more capital in an arms race with banks overseas is easing, say treasurers from two big four banks, as global bank regulators put a higher priority on boosting economic growth.
Ultra-low interest rates have upended banks' economic models, Commonwealth Bank boss Ian Narev says.
The financial regulator will launch a review of how senior staff in banks, insurers and wealth managers are paid, as it ups pressure the industry to improve its attitude towards risk-taking.
One of the country's biggest investment companies says dumping fossil fuel assets is not the answer to climate change.
RBA governor Philip Lowe says if Donald Trump were to win next month's US presidential election it would be more of a shock to financial markets than the Brexit vote in June, which in hindsight was "benign".
Bank of America said trading revenue for the period rose to the highest in five years.
Our banks are often ranked among the world's most profitable lenders, but there's one area where they appear to be lagging some big global peers: the incentives they pay staff.
Home buyers will have the option of locking in an interest rate that moves in lock-step with official interest rate changes, with a small Queensland bank offering "tracker" home loans.
Banks are being forced to cut the interest rate premium they are charging new property investors, as lenders compete more fiercely in the investor mortgage market once again.
After a lot of arm twisting, Westpac's life insurance arm has been outed as the insurer declining one-in-three total and permanent disability (TPD) claims made by its customers.
A British court ruled in favour of Goldman in a $US1.2b dispute with Libya's sovereign wealth fund.
Wells Fargo posted quarterly profit that beat analysts' estimates as loan-loss provisions improved.
Citigroup posted third-quarter profit that beat analysts' estimates as bond-trading revenue surged.
JPMorgan posted profit that beat analysts' estimates on a 48 per cent surge in fixed-income revenue.
Australia's richest woman, Gina Rinehart, on Tuesday defended her joint bid with China's Shanghai CRED Real Estate for the nation's biggest cattle empire, after it was trumped by a rival all-Australian syndicate.
Fortescue shares hit a 2.5-year high as investors jump into big names as well as oversold ones, while AGM season throws up some big hits and misses.
President Duterte's anti-US rhetoric has scared off some international investors, but some still think the country is a solid growth story.
A Melbourne couple have hit a farming jackpot, walking away from their Wyndham Vale sheep farm in the city's west with $95 million after Frasers Property purchased the landholding.
The number of apartment buyers defaulting before settlement has risen above Mirvac's historic average of 1 per cent following banks' clampdown on lending to overseas investors.
These high-octane brands unite to form the ultimate luxury powerhouse.
Don't let the packaging fool you, these women's perfumes could be your new scent.
Discretionary family trusts have become a very popular business entity to own and operate.
How we're brought up leaves a trail that's difficult to shake off.