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The Finance Sector Union (FSU) has said it will lodge a dispute with Australia’s workplace relations tribunal, following news of a near-quarter-billion-dollar penalty to be paid by banking ...

A major bank has told a Senate inquiry into regional bank closures that only “1 per cent of transactions are over the counter”, justifying regional closures.

Closing branches in regional areas will have a ‘disruptive’ impact on SMEs and cause a ‘ripple effect’ on communities, the small business ombudsman has warned.

The latest partnership between two industry heavies will help address a lag in adoption of open banking among brokers.

While a “competitive backdrop” leached away at its profit margin, the group secured $2.1 billion in new home loans over the six months to December.

BlackRock chairman Larry Fink is concerned that recent turmoil in the US banking sector could be the beginning of a slow-moving crisis among lenders.

While home lending “remains a key market”, the major lender will be “tilting towards” its business bank, according to its chief executive.

A report by the customer-owned bank has found that the majority of people agree that home ownership is important to their happiness.

A long-term low-interest rate environment didn’t adversely affect Australian banking profitability, the RBA has found.

Aussie banks have made strides in supporting vulnerable customers, but further improvements are needed, according to the BCCC’s latest report.

The regulator has granted a restricted ADI licence to a new bank for the Australian market.

Australia’s major banks have traditionally been the first to respond to higher funding costs by hiking interest rate; however, recent “political scrutiny” and the financial services royal ...

Good news for Aussies as economists from Bendigo Bank are predicting the RBA cash rate to remain steady throughout 2024.

A leading Australian banking analyst has accepted that lenders will soon see a rise in bad debts as the full impact of rate hikes begins to hit borrowers.

The federal Treasurer has advocated the renovation of the central bank and overhaul of markets in his new essay, “Capitalism after the crises”.