The corporate regulator is pushing investment banks and stockbrokers to strengthen their handling of conflicts of interest and inside information when producing equity research for investors.
Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.
Bank moves to raise their interest rates independently of the Reserve Bank has been central in eroding public trust in the industry, corporate regulator Greg Medcraft says.
Government stare down claims of $2 billion 'black hole' in revenue its bank tax will raise.
Westpac is selling its remaining stake in fund manager BT Investment Management, offloading up to $645 million worth of stock to institutional investors and signalling it intends to ultimately sell all shares it holds in the business.
Treasury Secretary John Fraser has cleared the agency of being biased in its economic forecasts, arguing it has a similar track record in predicting the economy's future to other government or private sector experts.
Regional banks have vented over a cut in their credit ratings that will push up wholesale funding costs for smaller banks.
The big four banks expect to pay $965 million combined in extra tax as a result of the government's new bank levy.
Australia's major banks could receive an even bigger advantage in competing with smaller rivals, after Standard & Poor's cut the credit ratings of second-tier banks but excluded the dominant lenders.
Donations of seriously large sums of money are becoming more public and "entrepreneurial".
Some $50 billion has been wiped off the combined market value of Australia's major banks since their highs at the start of this month, as investors eye a more challenging outlook for the big four.