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Big banks welcome government competition for small end of town

Big banks welcome government competition for small end of town

A new $2 billion policy push to help small businesses get loans has been well received.

  • by Emma Koehn

Latest

Tech battering drags ASX down in a 'brutal day'
Westpac Banking Corporation

Tech battering drags ASX down in a 'brutal day'

Westpac and CSL put a blue-chip touch to a bad day for the technology sector.

  • by Lucy Battersby
Why ASIC looks like a Keystone corporate cop
Opinion
Opinion

Why ASIC looks like a Keystone corporate cop

ASIC's latest attempt to use the courts to reform its image as a captive regulator and take on one of the big four has gone seriously pear-shaped.

  • by Elizabeth Knight
Judge tears up $35m settlement between ASIC and Westpac in lending case
Westpac Banking Corporation

Judge tears up $35m settlement between ASIC and Westpac in lending case

ASIC and Westpac have been forced back to the drawing board after the Federal Court threw out the bank’s offer to pay a $35 million settlement for contravening responsible lending laws.

  • by Sarah Danckert
'Why not litigate?' ASIC vows more civil, criminal cases against banks
ANZ Bank

'Why not litigate?' ASIC vows more civil, criminal cases against banks

But the challenges of fighting the banks in court was underlined by a Federal Court decision on Friday to fine Westpac a "paltry" $3.3 million

  • by Clancy Yeates
Macquarie Street cements its reputation as the grubbiest Parliament in the country
Luke Foley

Macquarie Street cements its reputation as the grubbiest Parliament in the country

Corrections Minister David Elliott detonated a bomb in question time on October 18 that was really only ever going to end one way.

  • by Kylar Loussikian
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Westpac employees to get transgender leave
Westpac Banking Corporation

Westpac employees to get transgender leave

Westpac employees will have access to up to four weeks of paid leave and a year of unpaid leave to make a gender transition under a new wages and conditions agreement.

  • by Anna Patty
'Ridiculous': Judge challenges ASIC's push to fine Westpac $58m
Westpac Banking Corporation

'Ridiculous': Judge challenges ASIC's push to fine Westpac $58m

ASIC has asked the court to fine Westpac $58 million for rigging a key interest rate, while the bank is arguing it should be fined $3.3 million.

  • by Sarah Danckert
Regulator proposes lifting capital requirements for big four banks
APRA

Regulator proposes lifting capital requirements for big four banks

The banking regulator says the major banks' funding costs are likely to be nudged higher by a new proposal to boost capital requirements.

  • by Clancy Yeates
Revealed: bank royal commission rap sheets made public
Commonwealth Bank

Revealed: bank royal commission rap sheets made public

The big banks had to confess their sins to the Kenneth Hayne to guide his inquiry now those admissions have been released.

  • by Sarah Danckert, Clancy Yeates & John Collett
Westpac chief takes $500,000 pay cut as bank slashes executive bonuses
Westpac Banking Corporation

Westpac chief takes $500,000 pay cut as bank slashes executive bonuses

Westpac CEO has seen his pay drop nearly 10 per cent after a year in which profits were flat and the bank was hauled across the coals at the royal commission.

  • by Alex Druce