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Australia's banking industry is flying along. Over the year to September 2014, banks recorded a combined net profit of A$33.5 billion, an increase of $3.6 billion, or 12 per cent, on the year to Septe.. read more

A wider enforcement regime is the centrepiece of the report of the House of Representatives Standing Committee on Economics on foreign investment in residential real estate. read more

Investors in Cabcharge voted against its remuneration report at its annual meeting in Sydney yesterday, forcing a vote for a spill of the board, which failed. read more

The release of the final report of the Financial System Inquiry may be slipping. read more

Westpac's attempts to wind back its dealings with the remittance sector may be becoming more difficult, after anti-money laundering regulator Austrac expressed hope the banking sector may continue to.. read more

The proportion of interest only loans from banks is climbing steadily, reaching 42.5 per cent in the September 2014 quarter, up from 35 per cent early last year. read more

Another large, vocationally-based credit union has secured a lift in its long term credit rating. Moody's Investors Service yesterday said it upgraded the long-term issuer and senior unsecured ratings.. read more

Little scrutinised deposit-taking entities, many of them run by churches, will have to conform to a new regulatory regime from July 2015, which is designed to reduce the potential for retail investors.. read more

Australian remittance providers have won a reprieve in their battle to stay in business. Westpac confirmed it has consented to temporary orders made in the Federal Court following a hearing on Friday.. read more

Margins on home loans may come under more pressure across the industry, with Heritage Bank adopting a "limited time" rate perceived by competitors as unlikely to cover its cost of funds. read more