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Candour on NAB's difficulties during and following the global financial crisis got an unexpected airing at yesterday's hearings of the banking royal commission in Melbourne. read more

"I'm not blaming shareholders", Andrew Thorburn, managing director of National Australia Bank told the banking royal commission yesterday, but then went on to lecture them anyway. read more

ANZ New Zealand has compensated around 86 per cent of the 100,000 mortgage customers affected by a faulty loan calculator it used for around a year from March 2015. read more

Fitch Ratings said it expects "strong macroeconomic fundamentals including low unemployment, steady economic growth and population growth" to continue in Australia and New Zealand. read more

Lexi Airey will take over the reins of NSW-based mutual, Gateway Bank, from next April. read more

Online payment fraud losses from eCommerce, airline ticketing, money transfer and banking services will reach US$48 billion by 2023. read more

The internal audit function of Commonwealth Bank nailed the group's core deficiencies many times, but "there was not enough sense of urgency, and only fix things where they become mandatory compliance.. read more

Mortgage brokers will be bracing for the elimination of trail commissions and even up front commissions, if the financial services royal commission's questioning of CBA CEO Matt Comyn is any guide. read more

Mutual banks are irked by the avalanche of regulatory compliance demands they see coming their way as a result of the failings of the major banks. read more

National Australia Bank CEO Andrew Thorburn is $5 million out of pocket, taking a $2 million pay cut in the year just gone, and he stands to earn $3 million less in 2019. read more