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A court has ordered Westpac to pay a A$70,000 bonus and costs to a retrenched insurance sales manager working in the BT Financial division. read more

The planned initial public offering of QBE Group's lenders mortgage insurance arm may be abandoned, with details seeping out on the loss of business from one of its major customers, Westpac. read more

Lenders counting on a surge in demand for household credit to underpin their growth plans may be disappointed, if projections by a senior official of the Reserve Bank of Australia have any validity. read more

Banks are loosening covenants and showing a pre-GFC disposition to select corporate credit risk, Fitch Ratings said last night. read more

Internal strains at the Finance Sector Union arising from the boilover victory of challenger Fiona Jordan in last year's election for national secretary are spilling into the public domain through a.. read more

There were "clearly examples of practice that were less than prudent" by smaller banks and mutual ADIs in a recent study by the Australian Prudential Regulation Authority, the regulator's chair, Way.. read more

A decline in approvals for investor housing loans in the order of ten per cent to 20 per cent was considered as a policy goal by the Reserve Bank of Australia late last year, as it worked with APRA on.. read more

Greater consumer caution toward personal debt is one theme from a new study on financial literacy in Australia released by ANZ yesterday. read more

The value of Commonwealth Government securities on issue, subject to the Treasurer's direction, is expected to jump by more than A$100 million over the next three financial years, last night's 2015 Bu.. read more

The banking regulator is cracking down on uneven and in some cases non-compliant disclosure by foreign banks on the caution they give to customers regarding the protection of their deposits. read more