145

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

CommInsure, the insurance arm of Commonwealth Bank, has paid more than A$2.5 million to 17 eligible customers previously declined trauma claims, but the bank's board said it was "satisfied that there.. read more

Cash Converters is working past its days as a purveyor of payday loans and producer of sequential corporate losses, to reposition as a lender of higher value loans, weighed down with less baggage. read more

ANZ has appointed Kathryn van der Merwe as group executive, talent and culture. In presenting the selection in a distinctive manner, the bank has made the routine replacement of its chief human resour.. read more