Nine WA-linked resources businesses are ranked among the country's top 20 corporate taxpayers, despite a widespread perception the industry does not pay its way.
The federal government has announced a $50 million emergency fund to address the loss of wildlife during the nation's bushfire season, as more Australian businesses have pledged millions in combined donations.
P&N Bank and Bendigo and Adelaide Bank are among 27 lenders, including just two of the big four banks, now eligible to offer mortgages under the federal government's first home loan deposit scheme, aimed at low and middle income earners.
The Australian Securities and Investments Commission has banned Peter Jianchao Xu from providing financial services for five years, after surveillance showed Mr Xu providing improper advice to clients.
CommInsure will refund more than $12 million to about 30,000 life insurance customers after pleading guilty to 87 counts of unlawfully selling policies in unsolicited phonecalls.
Woolworths underpaid its employees by as much as $300 million over almost a decade, only discovering it had been keeping the cash when shocked store managers complained they were earning less than their staff.
Housing finance provider Australian Finance Group says lending for homes in the first quarter of the 2020 financial year in Western Australia has rebounded from record low levels to reach its highest figure since the end of the 2017 fiscal year.
The Commonwealth Bank of Australia has issued $US2.5 billion ($A3.6 billion) worth of subordinated notes amid a regulatory push to increase capital reserves.
Commonwealth Bank of Australia has renegotiated the sale of its CommInsure life insurance business to Hong Kong-based AIA for a reduced $2.375 billion.
Commonwealth Bank of Australia full-year profit has fallen 4.7 per cent to $8.49 billion after the nation's largest lender took a $1.2 billion royal commission-related hit.
Shares in Australia's big three iron ore miners have broadly stabilised today after suffering big falls in recent trading sessions, in line with a dramatic collapse in the iron ore price, which is down more than $US23 per tonne since its peak last month.
National Australia Bank has tasked former Commonwealth Bank of Australia retail boss Ross McEwan with rebuilding the bank's battered reputation as its new chief executive and managing director.
The Reserve Bank of Australia has cut the cash rate to 1.25 per cent, a day after CoreLogic data revealed Perth house prices continue to fall more sharply than other state capitals.
Some financial institutions may face additional capital requirements after the prudential regulator said many show the same weak risk-assessment capabilities it found last year at the Commonwealth Bank of Australia.
Commonwealth Bank-owned Bankwest is slashing its three-year owner-occupier mortgage rate as lenders chase an ever decreasing number of suitable home loan customers.
Commonwealth Bank of Australia's provisioning for customer remediation and responding to the royal commission has passed $2 billion after the lender set aside another $714 million in the third quarter.
Housing finance provider Australian Finance Group says lending for homes in the first three months of 2019 in Western Australia has plunged to the lowest level since it began tracking mortgage values in mid-2012.
RCR Tomlinson's secured creditors may only receive around $70.6 million of the $230 million they are owed, and its unsecured trade creditors are likely to receive none of the $170.6 million they are owed, as administrators McGrathNicol recommended the failed engineering firm be liquidated.
Commonwealth Bank of Australia is suspending the demerger of its mortgage broking and wealth management businesses to focus on customer remediation and implementing the recommendations of the royal commission.
Commonwealth Bank of Australia's first-half cash profit has fallen 2.1 per cent to $4.676 billion, weighed down by Australia's slowing property markets.
National Australia Bank chief executive Andrew Thorburn says he is "more determined than ever" to lead the bank despite strong criticism from Kenneth Hayne in his final royal commission report.
The corporate watchdog has told Commonwealth Bank of Australia's financial planning unit to stop charging customers with fees after failing to meet its obligations from the fees-for-no-service scandal.
Australia's banking regulator wants to further lift banks' capital requirements in order to strengthen the financial system's ability to cope with shocks.
Commonwealth Bank will sell its asset management arm to Mitsubishi UFJ Financial Group for $2.9 billion in a surprise sale, the latest business to be sold by an Australian financial giant amid unprecedented regulatory scrutiny.
Commonwealth Bank chief executive Matt Comyn has spoken face-to-face with customers affected by the kind of misconduct revealed at the banking royal commission.
Commonwealth Bank and its wealth management arm Colonial First State have been hit by a class action law suit over allegedly uncompetitive superannuation returns.
Despite the damning testimony at the finance royal commission, the banks are likely to emerge largely unscathed; the same will not be true for aged care providers.
Commonwealth Bank and ANZ have become the latest major banks to lift their home loan interest rates, with both institutions blaming rising international borrowing costs.
Bankwest has posted a $681 million net profit for the 2018 financial year on the back of increased lending and a reduction in bad loans relative to 2017.
