banks

Policy & Regulation

The Government may have sought to use Parliamentary committee scrutiny of the big banks to avoid holding a Royal Commission but now that same committee intends to test th...

Policy & Regulation

Treasury defends APRA secrecy on banks

The Federal Treasury has defended legislative provisions which would enable the Australian Prudential Regulation Authority to keep secret any instructions it may give to ...

Policy & Regulation

Major banks ask Govt for banking inquiry

The major banks have formed a united front to call for a Government-backed inquiry into banking and financial services to remove all uncertainty....

Financial planning

Banks gain momentum with satisfaction ratings

Despite talk of a Royal Commission, the latest survey on bank satisfaction from research house Roy Morgan has confirmed satisfaction remains high....

Financial planning

Banks report modest profit increase: KPMG

The major Australian banks have reported a modest increase in aggregate profits amidst a challenging market environment and ongoing regulatory costs....

Policy & Regulation

APRA gives major banks some levy lee-way

The Australian Prudential Regulation Authority has granted the major banks some lee-way around the obligations to the Government’s new major banks levy....

Financial planning

Big four improve satisfaction, small banks struggle

Research from Roy Morgan has shown the four big banks have improved their customer satisfaction by 0.3 per cent points in the six months to June 2017....

Financial planning

Big Four satisfaction high among businesses

The Big Four banks are enjoying their highest level of satisfaction among small, medium and large businesses while it had declined among micro businesses....

Policy & Regulation

Morrison’s new warning to banks

The Federal Treasurer, Scott Morrison has not so subtly warned the banks against seeking to pass on the costs of meeting higher capital requirements to consumers....

Policy & Regulation

APRA raises the bar on bank capital adequacy

The major banks are likely to feel the squeeze as the Australian Prudential Regulation Authority has prepared to raise the bar on their capital adequacy requirements....

Policy & Regulation

You can bank on the emergence of more banks

The Federal Government has moved to lift the restriction on the use of the descriptor ‘bank’ in a move which is expected to see many more approved deposit-taking institut...

Funds management

South Australia’s new banking tax an ‘outrageous cash grab’

South Australia’s proposed tax on major banks is an outrageous cash grab, according to the Australian Bankers’ Association....

Funds management

South Australia’s new banking tax an ‘outrageous cash grab’

South Australia’s proposed tax on major banks is an outrageous cash grab, according to the Australian Bankers’ Association....

Policy & Regulation

Federal Govt sets ACCC to monitor big banks

The Federal Government has reminded the major banks the ACCC will be watching how they handle implementation of the major bank levy....

Financial planning

Union urges NAB to shoulder responsibility

The Finance Sector Union has urged NAB chief executive, Andrew Thorburn to have the bank shoulder responsibility for compliance failures rather than blame financial plann...