Former Macquarie Bank executive Michael Carapiet has been named the chairman of a new state government general insurance arm.
IOOF's results reveal a $7.3m contingency for "defending complaints and claims brought against it" amid allegations of misconduct.
Bendigo Bank and ME Bank are joining rivals in jacking up interest rates for property investors in response to a regulatory clampdown on lending to landlords.
The data and credit check company beat market expectations but its shares fell 4 per cent on a weaker than expected growth outlook.
Wealth giant AMP has appointed former National Australia Bank chief financial officer of business and personal banking, Sally Bruce, as the new head of AMP Bank.
The chief executive of the country's largest mortgage broker says regulatory measures already in place to cool investor lending are "starting to bite".
Job cuts in the resources sector are causing more households in mining regions to fall behind on their home loans, highlighting the risk to banks from the commodities slump.
The corporate cop must have more money independent of the government because it is busiest when governments are cutting back and should be exempt from the Public Service Act so it can pay its people more, financial system inquiry head David Murray says.
The banking regulator has played down the case for city-specific restrictions on lending in the booming Sydney and Melbourne property markets.
Steadfast Group is signalling an increase in its earnings per share this new financial year, after delivering a 38 per cent rise in underlying net profits.
ClearView has posted a 4 per cent rise in underlying profits to $20.5 million for fiscal 2015 after several years of integration and expansion at the listed life insurer.
A group of 41 start-ups has joined Sydney's Stone & Chalk fintech hub, which was officially opened on Tuesday night.
Clancy Yeates and Misa Han
ANZ's Mike Smith says concerns over China's economy are 'overblown' and yields in local stocks made them a 'no-brainer', while Qantas CEO Alan Joyce argued the low oil price would help stimulate the economy.
Competition in retail banking could be enhanced by allowing customers to keep their bank account number if they switch banks, like a mobile number, a report says.
Bank loans to property investors grew at twice the banking regulators' 10 per cent annual growth limit in the past year.
ANZ Bank will no longer seize leftover funds on travel money cards that have expired.
WAM Research has posted a 23 per cent increase in profits to $19.5 million for the year ended June, as the listed investment company combs for more opportunities.
The NSW Supreme Court has allowed former BBY equities and exchange-traded options clients to file their own case against the failed stockbroking firm in tandem with action by liquidator KPMG.
Bank shares have been among the hardest hit in a violent rout of risk assets, which has wiped $43 billion of value from the majors in August alone.
Like other Asian investors, Fullerton's portfolios were hit hard on Monday. But the Singapore fund manager's chief executive says the market carnage will inevitably provide investment opportunities as stock valuations look more attractive.
DirectMoney, the marketplace lender which floated last month, has established strategic partnerships with two mortgage brokers, Loan Market and Finsure, providing it with distribution channels for its unsecured personal loans which the brokers will offer customers as an alternative to finance from banks.
Lease company Smartgroup is expected to be one of the few stocks with a good story to tell this profit season when it reports late on Wednesday and might be worth buying since it was hit by the market sell-off on Monday.
The Reserve Bank has predicted a decline in the number of automated teller machines, as digital payments allow consumers to make fewer cash withdrawals and avoid pesky fees.
The share prices of each of Australia's major banks are more than 20 per cent down from their 2015 highs, with investors wiping more than $85 billion off their combined market value this year.
Transfield's offshore processing contracts have sparked a debate over ethical investment.
Natural disaster claims and increasing competition have taken a toll on Insurance Australia Group's earnings.
A key concern among bank investors in recent weeks has been the prospect of provisions for soured loans rising from historic lows.
As banks put the brakes on lending to property investors, customers buying a house to live in are being offered some of the sharpest deals in the market.
One of Australia's largest institutional investors says there is little justification for litigation funders taking such a handsome share of settlements.