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.
When the Marie Schulte rounds the breakwater off the Chinese port of Qingdao in early November, bankers on two continents will be watching anxiously.
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insurers with low rates of customer claim denials have actually been classifying claims that had been dismissed as "withdrawn claims".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.
When Canada was designing its current C$20 bank note, it considered ditching its depiction of the reigning British monarch if Queen Elizabeth dies or abdicates.
This week, the warring factions of the $2.3 trillion superannuation sector converged on Canberra to fight to keep the $6 billion business of selling life insurance products to super fund members.
An inner-city apartment glut in Melbourne and Brisbane threatens to squeeze property developers, the Reserve Bank has warned.
Australia ranked 23rd out of 26 countries in a survey of users' satisfaction with high-speed broadband - ahead of only Brazil, Peru and Italy.
Chinese firms are learning to soothe misgivings about the country's record $US207 billion ($272 billion) overseas buying spree.
The lawyer of a woman who was the victim of workplace bullying explains the details of the million dollar case.
Investors are under-appreciating how significant a change in bonds will be on the price of inflated assets says fund manager Roger Montgomery.
High-profile bookmaker Tom Waterhouse has told a Sydney court that a former client accused of defrauding a company of $9 million was a "big punter" who was well known around the racetrack.
Golden planes and holidays at English estates are some of the ideas in this OTT gift guide.
Australia's most prestigious car show gets set to welcome 20,000 classic car lovers.
Innovating your way through a small budget can lead to returns.
Even the most die-hard sports fans wouldn't take a risk like this.