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There's a "trade-off between flexibility and fairness" around the "all monies" rule in banking, the Hayne royal commission heard on Friday. read more

National Australia Bank is undertaking to compensate customers who suffered financial losses during a Saturday outage that affected mobile banking, ATMs and eftpos services. read more

Westpac has been found in breach of its obligations under its financial services licence and also held to have engaged in unconscionable conduct in the bank bill market, the Federal Court of Australia.. read more

Credit officers would be well advised to read the business plans supplied by applicants for loans, something ANZ failed to do with a gelato franchise, evidence at the Hayne royal commission confirms. read more

Fintechs are making ripples in the market for the supply of loans to very small businesses, a senior executive of ANZ confirmed at the Hayne royal commission yesterday. read more

A former sales manager with Securency International yesterday reversed his plea on a charge of false accounting. read more

Commonwealth Bank and its Bankwest division have won a partial reprieve from the Royal Commission into banking misconduct. read more

Legal arguments on Monday and Wednesday have pushed back the effective start date of the criminal trial of a former Securency sales executive. read more

The managerial and salaried classes in banking and finance are doing much better in wage bargaining than their more marginally employed customers, at least when it comes to the percentage rise in thei.. read more

Eleven banks, including big names, have reported zero growth in credit card balances over the last three or last twelve months.  "The ongoing growth in share of household debt attributed to banks.. read more