Bank fears that cash-strapped governments will target the industry with higher taxes are mounting, as another state says imposing its own levy on banks would have its advantages.
Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.
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.
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.
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.
Surging electricity prices are at least partly the fault of political bickering over climate change.
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.
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.