Westpac is lifting interest rates on fixed-rate, interest-only home loans, as lenders respond to the regulator's attempt to dampen risks in the housing market.
Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.
Ask a senior banker about the big financial risks that keep them up at night, and climate change probably won't be one of them.
National Australia Bank's most senior bankers this week swapped their city offices for a type of executive road trip.
Australia's powerful financial regulator has revealed that it views climate change as a "material" risk that it will be giving more attention to in monitoring the health of banks, insurers and wealth managers.
ANZ Banking Group chief Shayne Elliott says his overhaul of the business is starting to pay off, after a strong first quarter in which profits rebounded by nearly a third to $2 billion compared with a weak period last year.
Scratch beneath the surface of CBA's record profit and it is also clear that Australian banking is by no means returning to its boom days.
The Commonwealth Bank has reported a record interim cash profit of $4.91 billion, up 2 per cent on a year ago.
For all the signs that our economy is on the mend, two influential reports on Friday highlighted the soft underbelly of Australia's labour market.
Banks caught up in a public brawl with Apple over digital payments have softened their negotiating position slightly.
Commonwealth Bank-owned Bankwest is further tightening the screws on property investors, no longer taking into account negative gearing tax breaks in new loan applications.