Australia's big banks have slammed the brakes on project finance lending to expand the coal industry since late 2015, but are still lending billions for other fossil fuels developments, environmental finance group Market Forces says.
Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.
As premier of NSW, Mike Baird helped pioneer "asset recycling". Now, as a NAB executive, he's looking at how the bank and its clients may benefit.
Commonwealth Bank could free up capital by selling its insurance arm CommInsure, analysts said.
The relief rally in major bank shares sparked by "benign" capital requirements may have further to run, analysts say, as a long-term source of uncertainty has been removed.
Providing a thumbprint looks set to be a future alternative to tapping in a personal identification number, amid signs that customers are warming to using "biometric" information when making payments.
Capital raisings appear to be "off the table" for banks and dividends look safer after APRA's new capital requirements, say investors.
Banks should not use new requirements to strengthen their loss-absorbing buffers as an excuse to hike their customers' loan rates, Treasurer Scott Morrison has warned.
There are limits to what can be achieved by promoting more choice in the superannuation sector.
The Reserve Bank will keep official interest rates unchanged until at least next year, says Deloitte.
Economists at investment bank UBS are increasingly confident a "correction" is taking place in residential construction, led by a slowdown in the apartment sector.