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Westpac's $2b profit underscores advantages for 'big boy' banks

Westpac's $2b profit underscores advantages for 'big boy' banks

Westpac appears to be weathering weak conditions in retail banking better than smaller rivals, notching up $2.04 billion in cash earnings in the latest quarter.

  • by Clancy Yeates

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House prices to fall if lending laws changed, experts warn
Westpac Banking Corporation

House prices to fall if lending laws changed, experts warn

Mooted changes to laws governing the way banks assess home would have a significant impact on the banking industry and possibly the economy, experts say.

  • by Sarah Danckert
Addicted to profits, can banks change their culture?
Analysis
Big four

Addicted to profits, can banks change their culture?

As with any addiction, the first step to recovery is admitting the problem. Meet the new additions to Earnings Anonymous: NAB's Andrew Thorburn and Ken Henry.

  • by Elizabeth Knight
Westpac's Hartzer tips demise of mortgage broker commissions
Westpac Banking Corporation

Westpac's Hartzer tips demise of mortgage broker commissions

Westpac chief  Brian Hartzer has signalled he believes mortgage broker commissions will ultimately be scrapped, forcing brokers to reinvent their business models.

  • by Clancy Yeates and Sumeyya Ilanbey
Bank short sellers feeling $5b worth of Hayne pain
Opinion
Opinion

Bank short sellers feeling $5b worth of Hayne pain

That noise you're hearing that's like a painful intake of breath is the sound of bank short sellers being squeezed - $5.3 billion worth of pain.

  • by Elizabeth Knight
Labor and Coalition will continue to accept political donations from banks
Political Donations

Labor and Coalition will continue to accept political donations from banks

The major banks are a lucrative source of donations for the major parties.

  • by Max Koslowski
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Bank bosses answer the royal commission blast
Big four

Bank bosses answer the royal commission blast

The banks have copped a royal hiding at the hands of Kenneth Hayne; this what they had to say for themselves on Monday night.

  • by Mathew Dunckley
The banking royal commission final report at a glance
APRA

The banking royal commission final report at a glance

Home loans, super, financial advice and more as we run down all the key recommendations from Kenneth Hayne's landmark inquiry

  • by Shane Wright
Hayne verdict LIVE: Banks, insurers referred over potential misconduct
Kenneth Hayne

Hayne verdict LIVE: Banks, insurers referred over potential misconduct

After 68 days of public hearings, 134 witnesses and more than 6,500 exhibits, the banking and finance royal commission report will be released at 4.10pm today. Follow our live coverage.

Local banks hit as JPMorgan settles rate rigging class action
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ANZ Bank

Local banks hit as JPMorgan settles rate rigging class action

JPMorgan has agreed to pay nearly $10 million and hand over millions of documents that could include evidence of wrongdoing by Australian banks.

  • by Sarah Danckert
Hayne delivers final report on banking royal commission to GG
Kenneth Hayne

Hayne delivers final report on banking royal commission to GG

Treasurer Josh Frydenberg and his team will spend the weekend poring over the report ahead of its public release. 

  • by Sarah Danckert