Macquarie Group is rewarding investors with a bigger-than-expected dividend as a global infrastructure boom sparked by cheap credit helps maintain earnings near record highs.
Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.
ANZ Bank's bottom line will take a $360 million hit in the second half, after the lender unveiled new charges for at-risk debts and restructuring costs.
NAB chief executive Andrew Thorburn is pushing the bank towards being "smaller, leaner and simpler" as he seeks to combat a crunch on shareholder returns from stiff competition and tougher regulation.
National Australia Bank has delivered a $6.48 billion full-year profit and kept its dividend steady, despite some predictions it would cut its payout to shareholders.
It is unrealistic to expect banks to pass on any future cuts in official interest rates to home loan customers in full, Bendigo and Adelaide Bank chief executive Mike Hirst says.
No matter how low interest rates may fall, banks should make sure new borrowers are able to cope with borrowing rates of at least 7 per cent, new guidelines have confirmed.
Tracker home loans could put an end to the tiresome cat-and-mouse game on mortgage pricing that follows every change in official interest rates.
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.
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.
Getting rid of most bank notes could give central banks another weapon to lift growth and to prepare for the next recession, leading economists says.