CBA raises fixed home loan rates

Investors have been denying owner-occupiers houses they once would have bought.

CBA is raising interest rates on a range of fixed-rate home loans, the latest big bank to increase costs for home buyers seeking to lock in their borrowing costs.

'Trump conned them': Wall Street wins again

President-elect Donald Trump: standard media reporting no longer applies.

If Mnuchin becomes Treasury secretary, he'll be the third Goldman Sachs alum in three decades to get the job as the President-elect surrounds himself with bankers and billionaires.

ANZ warns on overbuilding in apartment market

Banks are already reporting a growing number of buyers are struggling to settle on time.

The high-rise construction boom that is transforming the skylines of Sydney, Melbourne and Brisbane will probably leave parts of these cities with too many apartments, ANZ Bank chief executive Shayne Elliott predicts.

Apartment 'settlement bulge' a key risk for property

The apartment settlement bulge needs to be closely watched, BoQ chair Roger Davis says.

Bank of Queensland chairman Roger Davis has highlighted the risks from a looming surge in apartment settlements Brisbane and Melbourne, amid signs more buyers are facing difficulties completing off-the-plan purchases.

ASIC bans former Westpac financial planner

Former Westpac adviser Anthony Bishop is the 22nd financial planner to be banned under a crackdown by the corporate ...

A former Westpac financial planner has been banned from providing financial advice for eight years after an investigation found he gave clients inappropriate advice, costing the bank $1.1 million.

ASIC backs more data sharing in banking

More sharing of bank customers' data would benefit competition, ASIC says.

Corporate cop Greg Medcraft says the government's banking inquiry is right to focus on ways to make banks share more data on their customers, a move that would boost competition in the concentrated sector.

Big banks 'will follow' Westpac's rate hike

Westpac lifts interest rates on fixed rate mortgages

Westpac Bank is the first of the majors to increase interest rates on its fixed rate home loans and investment loans, but market watchers says it likely the other majors will follow. 

Santos signals possible CSG exit

Members from the People from the Plains group are among those waging lengthy court challenges against the Santos project.

Energy giant Santos has relegated its billion-dollar Narrabri gas project to a "non-core asset", stoking speculation the company plans to sell or spin off the venture.

Santos carves out non-core assets

Santos is stepping up action to accelerate cost and debt reduction and recoup lost value.

Santos will package up its non-core assets to run as a separate business, aiming to slash net debt by $US1.5b within three years.

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