A former Commonwealth Bank employee is facing jail for a $1.4 million loan fraud the bank knew took place in 2010, eight years before reporting it to police.
Commonwealth Bank, NAB, ANZ, Westpac, St George, Bank of Melbourne and Bank SA are among those where customers are complaining of outages this afternoon.
Troy de Ruyter
The Council of Financial Regulators has warned there are signs of increased risk-taking in the lending market for property.
The impact of the recent explosion in house prices has been laid bare in a new report which warns Australia is sitting on a “time bomb”.
International banking regulators’ decision to classify Bitcoin as the riskiest of assets dragged cryptocurrencies further into the mainstream financial world.
Vildana Hajric and Yakob Peterseil
Maurice Blackburn lawyers are preparing a class action against EML Payments for allegedly failing to disclose a money laundering probe into its Irish arm.
Business have gone on a spending spree thanks to stimulus measures and greater confidence in Australia’s economic rebound, according to new CBA financing figures.
Australia's financial crimes watchdog Austrac has raised compliance concerns at NAB and has been referred to its enforcement team.
Colin Brinsden, AAP Economics and Business Correspondent
In just one month, Australian homebuyers racked up an eye-watering amount of debt and broke a record in the process.
One of Australia’s big banks has dealt a blow to its customers, cutting rates on its savings products for the second time this year.
New home loan commitments have hit another record, reaching $31 billion in April, the Australian Bureau of Statistics reported on Friday.
The Reserve Bank is comfortable that lending standings have not dropped in this latest housing boom but continues to watch developments.
Australia’s official cash rate has been kept at a historic low, with the RBA saying inflation and wage pressures remain subdued.
Rebecca Le May
The Reserve Bank has left the cash rate at a record low 0.1 per cent at Tuesday's monthly board meeting.
Westpac chief executive Peter King wants to help improve Australia's flagging vaccine rollout, which Labor frontbencher Bill Shorten says is now a race.
Combined housing loans for owner-occupiers and investors are growing at an annual rate of 4.4 per cent, the highest in more than two years.
The Commonwealth Bank has invested $50 million in an online shopping group and power provider as it tries to offer more services in digital banking.
New innovations developed for the Commonwealth Bank app are designed to give customers more bang for their buck.
Commonwealth Bank shares have traded for $100 - a record price - and anyone who bought in the 1991 IPO has made a tidy profit.
The corporate watchdog is updating the code that protects people using online payments, internet and mobile banking, ATMs, EFTPOS, and debit cards.
Ultra-low home loans could be on the way out, with the nation’s biggest lender hiking rates for the second time.
The government’s new solo parent homebuying scheme won’t help many families get the home they want, despite all the fanfare.
Rebecca Di Nuzzo and Nathan Mawby
The nation’s biggest bank has reported an earnings surge and says improving economic conditions are lowering loan default risks.
Commonwealth Bank of Australia says the economic recovery from last year's COVID-induced recession is continuing to strengthen its balance sheet.
© West Australian Newspapers Limited 2020