Clancy Yeates The IMF has ranked the banking sector as one of the most concentrated in the world, saying this dominance is one reason the banks are so profitable.
National Australia Bank chief executive Cameron Clyne stands to be awarded almost $4 million worth of bonuses, shortly after the bank posted a 22% drop in net profit.
QBE shares plunge after the insurance giant announces a capital raising and warns it expects its losses from superstorm Sandy to be up to $435 million.
Bank of Queensland’s chief executive was paid $1.8 million, including a half million dollar bonus, in the same year the company made a loss.
National Australia Bank will pay $85 million in a settlement of a class action relating to its heavy losses over toxic subprime home loans in the United States.
The big banks are strong enough to withstand a major global economic downturn, the industry’s regulator says.
Georgia Wilkins Yellow Brick Road has formalised a deal with Macquarie that will see it competing with the big four banks in the residential home loan business.
Michael Pascoe Was Gail Kelly’s “line in the sand” over a minimum return on equity for Westpac shareholders any better than her promise to maintain dividends six months before slashing them in 2009?
Eva Kuehnen Critics say the ECB and other male-dominated central banks need to look harder for strong female candidates,
Adele Ferguson NAB's result offers up more disappointments, particularly from its UK business and to a lesser extent its business banking operations.
Eric Johnston There's a lot to like in ANZ's latest bumper result - but bad debt provisions are on the rise and funding stress continues.
Clancy Yeates Japanese banks stepped into the gap left by European lenders pulling their capital from Australia during the latest bout of market turmoil, new figures show.
Chris Zappone In the latest bearish signal for the banking sector, Goldman Sachs has lowered its rating on Westpac and NAB as the outlook for returns softens.
Chris Zappone ANZ Bank has cut mortgage rates by 20 basis points, the last of the four big banks to react to the Reserve Bank's cash rate cut last week.
Bank of Queensland shares have fallen by more than 5 per cent amid warnings it will post the first full-year loss by an Australian bank in 20 years.
Peter Martin AUSTRALIA'S banks have been shortchanging home loan customers for years, and especially since the onset of the global financial crisis, a landmark study has found.
Peter Martin THE Reserve Bank has cut interest rates to the lowest point since the 2009 financial crisis amid concern that the mining investment boom will peak sooner and lower than expected.
Eric Johnston Australian companies could see more red flags raised over their financial accounts as part of tough new auditing rules set to be rolled out worldwide.
Clancy Yeates Banks will face intense pressure to pass on any interest rate cut if the RBA moves the cash rate this week, with the big four in a more comfortable position today than when they refused to match...
US regulators have punished ANZ and JPMorgan for excessive speculation in cotton markets during one of the most tumultuous periods in the contract's history.