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Westpac's CEO Brian Hartzer said a weekly email on the Melbourne apartment market tells him there is "potentially creating a bit of a glut of supply". read more

Bank lending to fossil fuel miners and generators has reduced, and continues to fall, with major banks forcing select customers to seek finance elsewhere. read more

Latitude Finance Australia is breaking new ground in the debt capital market, as the first financier to put a master trust structure to work in an asset-backed transaction. But the yield on the store.. read more

Australia's listed banks had better start producing profit growth of at least 13 per cent, the level "needed to justify current [equity] prices," the industry analysts at Morgan Stanley Australia argu.. read more

More than three per cent of NAB's staff were sanctioned for misconduct last year, CEO Andrew Thorburn told a parliamentary hearing on Friday.In all, the bank found 1138 staff breached the company's ow.. read more

A "lack of action by banks, time and time again," warrants steady scrutiny of the sector, Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman told a Senate committee yesterday... read more

Industry profits in Australian banking over 2016 took a 23 per cent tumble, while the return on equity and return on assets for the sector were also markedly lower than in 2015. read more

ANZ has ceased issuing American Express credit cards and will close down existing cards from early August to cut out a reward program that's proved costly for the bank. Visa credit cards rewards are r.. read more

The household savings ratio fell to a new, post great recession low over the December 2016 quarter in response to subdued income growth. read more

The churn in the highest ranks at National Australia Bank may abate, with the selection of three new faces for the bank's management committee. The new CTO and new chief lawyer bring an abundance of r.. read more