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A theme of the royal commission's first day of hearings were the recurring references of commissioner Kenneth Hayne and his senior assisting counsel, Rowena Orr QC, to the narrow timeframes laid out i.. read more

Retail groups are preparing to bombard the Hayne Royal Commission with evidence of price gouging by banks for processing over-the-counter debit card transactions. Small business groups claim that the.. read more

The Productivity Commission's draft report on the financial services industry contains a damning assessment of competition in the domestic retail banking sector alongside concerns over the structure o.. read more

Regional banks and mutually owned deposit takers have been given a reprieve on having to comply with the Turnbull government's new Bank Executive Accountability Regime (BEAR). read more

The appointment of Peter Nash as a non-executive director of Westpac consolidates the Melbourne takeover of the bank's board that has followed the 2011 appointment of chairman Lindsay Maxsted. read more

As investment experts squabble over the triggers for the sharp slide in global equity markets this month, business strategists at local banks will be attuned to the political scenarios that could flow.. read more

Banks bore the brunt of heavy selling on European equity markets overnight, with British lending institutions among the hardest hit by jittery global investors. read more

A windfall tax break and a higher-than-expected profit forecast did little to protect Macquarie Group from the ravages of the ASX market rout on Tuesday. read more

A war for small business borrowers appears to have erupted between Australia's major banks after Westpac revealed a sharp increase in SME lending in the December quarter. read more

National Australia Bank has quietly moved to shore up its leading position in small and medium enterprise lending by slashing rates on business loans by up to 116 basis points. read more