A 2009 investigation by accounting firm KPMG into note-maker Securency discovered material that indicated an employee had raised concerns over possible corrupt payments two years earlier, a parliam
Bankwest is one of nine lenders in Australia that have not passed on the full 25 basis point cut to their standard variable home loan rates since the Reserve Bank dropped the official cash rat
The Australian share market has opened flat following a lacklustre lead from the US on Friday despite employment figures coming in better than expected.
Negativity about the Australian economy has pushed the Australian dollar to a three-month low, despite the release of better than expected US jobs data.
US stocks sustained their push upward on Friday, capping the week with the Dow hitting its best level since December 10, 2007, as high liquidity and ultra-low interest rates fuel an appetite for ri
The Australian share market posted gains for a seventh consecutive day on Friday but unlike the rest of the week was led by cyclical mining stocks instead of high yielding banks.
Westpac, the Commonwealth Bank and National Australia Bank have cut their variable home loan rates but failed to match that of the Reserve Bank, citing the high costs of deposits.
Bank of Queensland is poised to post the first full year loss by an Australian bank in 20 years because of its exposure to the struggling south-east Queensland property market.
A class action brought by Australian lawyers has compelled seven New York bankers to answer shareholders' questions about massive losses incurred by the National Australia Bank during the global fi
US stocks have extended their gains, with some analysts crediting Mitt Romney's strong presidential debate performance against Barack Obama for the surge.
The Australian dollar is slightly higher after a significant fall in recent days on weak trade data and monetary easing from the Reserve Bank of Australia.
Hewlett Packard shares have plunged on concerns about the company's turnaround strategy but the markets overall closed higher, helped by firm reports on services sector growth and private hiring.
The Australian dollar has fallen to a one-month low following the release of weak domestic trade data and may be on its way back to parity with its US counterpart.
Federal political leaders are urging retail banks to pass on the latest official interest rate cut in full, as new economic data justifies the central bank's surprise decision at its monthly board
Opposition Leader Tony Abbott says the federal government must ensure the central bank's latest interest rate cut is passed on in full by the retail banks.
Australia's big four banks are facing mounting pressure to slash their interest rates after the central bank delivered its fifth cash rate cut in 12 months.
The Australian share market finished one per cent higher as investors piled into equities after the Reserve Bank of Australia cut the cash rate by a quarter of a percentage point.
