Financial Services

More than 200,000 ANZ customers will share in $13 million in compensation after the banking giant failed to pay them enough interest on their savings accounts.

The corporate watchdog has permanently banned Marion Pearson from providing financial services after she was found to have engaged in ‘misleading and deceptive’ conduct.

The Australian share market is lower as weak Chinese trade data cancels out any optimism from a very strong US employment report.

Canada's Brookfield Infrastructure is determined to take over ports and rail operator Asciano despite Australian logistics firm Qube Holdings having a 19.99 per cent blocking stake in the target.

The Australian share market has opened higher, before flattening out in early trade as the banks offset losses in the minerals sector.

Reserve Bank of Australia governor Glenn Stevens has pointedly refused to endorse the decision by the banks to protect their profits by jacking up home loan rates.

Businesses are benefiting from the "Turnbull effect" but that won't necessarily stand in the way of an interest rate cut when the Reserve Bank of Australia holds its Melbourne Cup day board meeting.

Westpac expects a pickup in business lending to help prop up earnings this year amid a slowing housing market.

Rob Bransby will resign as managing director of the state’s largest health insurer next year to take up the top job at Perth Racing.

Macquarie Group is on track for a record annual profit above $2 billion due to a falling Australian dollar and improving market activity.

Westpac is offering refunds to more than 10,600 customers found to be paying for insurance they did not need.

ANZ Banking Group has lifted its cash profit to $7.22 billion, although its record result was at the lower end of analyst expectations.

National Australia Bank lifted annual profit to $6.34 billion and confirmed plans to sell its unprofitable UK business and the majority of its life insurance arm.

ANZ Banking Group subsidiary Esanda has agreed to compensate more than 70 borrowers who took out car loans worth $1.38 million through Victoria Park-based broker Get Approved Finance.

The majority of Australian home owners will be hit with higher mortgage repayments after the country's big four banks hiked their interest rates.

Commonwealth Bank of Australia has joined Westpac in hiking interest rates for home owners.

Australian institutional investors are among the most demanding in the world when it comes to reporting of environmental, social and governance risks, according to a global report released today by EY.

Western Australia’s largest health insurer is aiming for more growth in interstate markets to offset an expected loss of market share in its home state, after reporting a slide in its annual surplus.

More than 8,000 Commonwealth Bank of Australia customers will share in $7.6 million in refunds after the bank failed to deliver the benefits offered by one of its agricultural packages.

Consumer Protection is investigating a ‘bogus’ investment company which is believed to have taken nearly $700,000 from Australians through its fake website.

Westpac's move to lift mortgage rates all but guarantees a Reserve Bank rate cut in November, Macquarie Bank says.

Corporate lawyer Derek La Ferla has been nominated for a position on the board of Kalgoorlie-based Goldfields Money, while chairman Allan Pendal has stepped down as chairman.

Macquarie Group is forking out $8.2 billion for a major car leasing and finance business from ANZ, and seeking financial support from shareholders to fund the deal.

Credit information provider Veda has backed a US takeover after the price tag was bumped up to $2.5 billion.

The surge in backdoor listings on the ASX hit new highs in the September quarter and is attracting more entrepreneurs with Silicon Valley experience.

A series of major trade sales and the prospect of one of WA’s biggest-ever IPOs were highlights in what remained subdued capital markets in the September quarter. Also in our special report, how a surge in backdoor listings is attracting Silicon Valley entrepreneurs.

The Australian share market has opened one per cent higher.

The share market has fallen one per cent in the final session of a tumultuous week, leaving it at levels close to where it was seven days ago.

The Australian share market has opened lower after Wall Street stocks struggle to makde any significant gains.

The Australian share market has closed higher for a second session in a row in the wake of positive overseas leads and better-than-expected Chinese manufacturing data.

A clean energy technology developed at the University of Western Australia with funding from Wesfarmers is the driving force behind Hazer Group, which is looking to secure up to $5 million as it prepares to list on the Australian Securities Exchange later this year.

ANZ Banking Group insists chief executive Mike Smith is stepping down on schedule after fulfilling a pledge to help David Gonski settle as chairman and give the bank time to identify his successor.