National Australia Bank has tasked former NSW Premier Mike Baird with leading its retail unit after consumer boss Andrew Hagger decided to leave the bank following his mauling at the financial services royal commission.
The corporate regulator has commenced civil penalty proceedings against ANZ Banking Group over allegations the bank breached its continuous disclosure obligations during a 2015 capital raising.
Australia's corporate watchdog filed a lawsuit on Thursday against superannuation funds run by the wealth management unit of National Australia Bank, accusing them of charging fees to hundreds of thousands of retirees for services the were not provided.
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.
An accountant who pocketed almost $1.8 million after lodging more than 100 fraudulent income tax returns has failed in a bid to have his eight-year sentence reduced.
Perth accountant Peter Moltoni has been hit with a $34.5 million tax assessment after the ATO took a close interest in disputed payments by his former client Pankaj Oswal.
Cash Converters International has posted a $22.5 million profit for the 2018 financial year, while also announcing the resignation of chief executive Mark Reid.
Troubled financial services giant AMP has appointed long-time Credit Suisse executive Francesco De Ferrari as its new chief executive, effective December 1.
Markets operator ASX Limited has posted a 2.5 per cent lift in full-year net profit to $445.1 million with a strong contribution from its listings service, capital raisings and futures trading.
Perth-based lenders Fair Go Finance and Capfin Money have announced plans to merge in a deal under which Frankfurt-listed MyBucks will sell a 60 per cent stake in the new entity to its former chief executive Tim Nuy.
HBF last night launched its new Perth city branch at Kings Square, which includes a raft of modern technology experiences including a Skype station and self-service digital claims processing.
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.
Financial services company Euroz has reported a surge in profits for the 2018 financial year, along with an uplift in its dividend, driven by higher performance fees from its listed investment companies.
SPECIAL REPORT: Western Australian companies were involved in 235 corporate finance deals worth $6.9 billion in the June quarter, with new advisory firms playing an increasing role, research by Business News has found.
SPECIAL REPORT: A new corporate advisory firm working from a historic building in West Perth has rapidly made an impact, advising on more than a dozen transactions for public and private companies.
A Perth-based banking consultant who helped banks in Africa develop more customer-centric strategies believes a return to that model would benefit Australian institutions.
Macquarie Bank has hiked home loan rates even as the Reserve Bank cash rate remains steady, in a sign funding costs are rising and larger rivals such as the big retail banks could follow suit.
A former insurance broker has admitted funnelling almost $200,000 owed to 35 clients for policy cancellations and adjustments into his own bank accounts.
