Low incomes the norm

The pervasiveness of low incomes as an economic feature received rare official acknowledgement yesterday. read more

Comment: GFC costs linger

One task possibly being finalised by the Financial System Inquiry is accounting for the fallout of the global financial crisis in Australia. read more

Comment: Too many untold GFC details

A DFAT-style 'select documents' history is needed to lead bank customers and bank investors through the details of their bank's recent brush with crisis around the GFC. read more

BRICs lead bank profit pack

Russia, China, Brazil and India had the world's most profitable banks in 2013, the annual report of the Bank for International Settlements has found. Australian major banks were the most profitable in.. read more

Systemic issues bedevil financial planning

One systemic weakness in banking is being highlighted in the count down to the release of the Financial System Inquiry's interim report. The Australian Securities and Investments Commission on Friday.. read more

UK embraces lending curbs

Caps on mortgage borrowing have been imposed in the UK, with the Bank of England extending an activist program sparked by the GFC. Banks in the UK must now ensure they do not extend more than 15 per c.. read more

CEFC mandate shift planned

The investment mandate of the Clean Energy Finance Corporation may be reshaped, as a workaround by the Australian government to cope with the refusal of the Senate to pass a bill to abolish the specia.. read more