Macquarie's stockbroking arm has been fined $505,000 after the market regulator found it had been "recklessly" trading for a client it suspected of trying to manipulate the market.
National Australia Bank has joined rivals in raising interest rates for customers with interest-only home loans, while cutting rates by a smaller amount for people paying down debt on a house they live in.
The country's five biggest banks are embroiled in a new tax brawl, after SA's government infuriated banks by imposing a new levy.
Two Macquarie Group executives repeatedly drugged a colleague with valium and laxatives during a business trip to South America in a "malicious" attempt to discredit him.
QBE Group has dealt a blow to investor confidence in its turnaround, flagging a hit in its emerging-markets business that is forecast to wipe up to $US100 million off its bottom line.
Macquarie Group faces a major class action over allegations some of its investment advisers artificially inflated the price of a small mining company before a sudden collapse wiped out many of its investors.
Westpac is increasing rates for interest-only mortgages by 0.34 percentage points at the same time as it makes smaller cuts in other types of loans.
Many people misunderstand key concepts in banking, but few recognise the limits of their knowledge, a new survey suggests.
Credit rating agency Moody's has downgraded a dozen Australian banks, including the big four, citing increased risks in the nation's increasingly indebted households.
National Australia Bank financial planners are worried a review of how documents were witnessed could result in staff being reported under a new industry-wide scheme to identify misconduct.
The Law of Unintended Consequences does not sleep.
Treasury's costings for the $6.2 billion tax on banks assume they will pass on some of the impost to their customers, despite the government urging lenders to "absorb" the levy.
The corporate watchdog is banning an increasing number of financial advisers over misconduct, but wants more power to go after the banks that hire them.
The Commonwealth Bank's compensation bill for victims of bad financial advice has risen to $29 million but victims say they were excluded from the outset.
Australian banks have become stricter when it comes to how much they lend homebuyers but they are still more generous than their global peers, research finds.
ANZ's move to jack up the cost of interest-only home loans will probably be copied by rivals, analysts predict, as lenders respond to a regulatory crackdown while also protecting their profit margins.
National Australia Bank is facing fresh claims its financial planners have falsely certified customer ID documents, in a potential breach of anti-money laundering rules.
Customers with interest-only loans are likely to be charged an even higher premium by banks compared with those who are also paying back principal, home loan experts predict.
Westpac has rejected the corporate watchdog's claim it broke responsible lending laws in the mortgage market, saying the regulator has failed to prove that a group of loans it made were unsuitable for consumers.
Macquarie Group will acquire Cargill's North America power and gas business for an undisclosed amount.
A former Westpac financial planner has been slapped with a five-year ban after it was revealed 177 clients had been charged fees without receiving all the services they had paid for.
ANZ Bank raises rates on interest-only home loans but cuts them on principal and interest loans.
Deutsche Bank is not allowed to share information it may have about President Donald Trump's finances and his possible ties to Russia despite a request from US lawmakers, the German lender told Congress on Thursday.
A new compensation scheme for victims of bad financial advice needs to be considered to restore trust in the financial sector, the head of the government's financial review panel says.
The government's plan to beef up the banking regulator's powers could see executives facing stiff penalties for "honest, if mistaken, risk judgments", Commonwealth Bank director Harrison Young says.
Westpac customers have been targeted by criminals in a malicious email campaign this week that attempts to collect their personal and banking information.
St George Bank is taking legal action seeking $9.3 million from former BBY executive chairman Glenn Rosewall.
Banks put themselves in an "untenable situation" by failing to sack any of the senior executives who presided over a series of scandals.
National Australia Bank chairman Ken Henry says the nation faces an "extraordinary" economic opportunity to develop regions outside the capital cities, as the bank bets on a long-term lift in rural Australia.
More than just about any other business, large banks (and their shareholders) receive big commercial advantages from their essential role in their economy.
Mobile prices could drop 5.6 per cent nationally, saving consumers more than $650 million collectively every year, if the competition watchdog forces Telstra to share its regional mobile network, Vodafone claims.
The long-haul airline is offering a "neighbour-free seat" option for economy-class passengers allowing them to bid for as many as three seats next to their own.
With the controversial cuts affecting hundreds of thousands of workers due to start taking effect from next weekend, unions are launching a last-minute legal challenge.
Shares struggle, with losses in bank stocks weighing on sentiment as investors fret about another tax
A construction company manager has been arrested and charged after allegedly threatening to track down a union safety organiser and saying he would "attack you and your family".
Why are Australians so indifferent about this historic, delicious winter warmer?
The designer quietly presents his latest '70s-inspired menswear collection in Milan.
Long-term unemployment can be a debilitating experience for the entire household.
Australian universities are battling it out to ensure their students don't miss out on "innovation culture", with start-ups feeding in and out of the tertiary ecosystem.