Financial Services

Govt divided on Asia bank: report

Decision not to join infrastructure bank said to reflect internal disagreements.

About 25 banks failed stress tests: source

Half of the banks that failed still have additional capital needs, source says.

Aust baulks at new China bank

by AAP
Govt spokesperson says no decision made on joining new $57bn bank, as US urges caution.

Govt rejects call for CBA royal commission

Cormann unveils official response to CBA advice scandal, confirms financial advice register.

AMP wealth management division soars in Q3

AMP's wealth management arm more than doubles net cashflows in the quarter.

Why super funds aren't sold on infrastructure

Australian super funds are less than enamoured with the sector as project structure and transparency issues give them pause.

Govt rules out CBA royal commission

Coalition response to senate inquiry will see creation of 'shame register': report.

More buyers sought in GE Capital deal

Move made to offer financing to small buyers of GE Capital’s $1bn consumer lending business.

KKR profit slides in Q3

Private equity firm's result weakened by fall in deals profits.

Credit Suisse more than doubles Q3 profit

Swiss bank reaps the benefits of wealth management streamlining, debt-trading revenue grows.

Suncorp Bank prices $950m bond issue

Covered bond transaction supported by strong domestic demand.

Suncorp reaffirms growth forecasts

by AAP
Banking group Suncorp says its on track to achieve 4-6% growth for fiscal 2015, 10% return on equity.

CBA raises education bar for planners

by AAP
Commonwealth Bank announces higher education standards for financial planners after advice scandal.

Business confidence steady in Q3: NAB

Survey finds slight lift in business conditions, warns of premature rebound in domestic demand.

RBA warns on lending standards

by AAP
Stevens says central bank keeping close eye on lending standards, rising house prices.

RBA, banks eye changing pay methods

by AAP
Stevens says RBA working with banking industry to innovate the way Australians pay for things.

Ex-Macquarie advisers cop ASIC notices

Former Macquarie Private Wealth advisers subject of probe by corporate regulator: report.

Infrastructure bank pressure builds

Australia given two-day deadline to sign up to China-led infrastructure bank: report.

ASIC asked to further probe Great Southern

Further investigation of failed forestry management scheme urged as ASIC backs away from 'criminals paradise' claim.

Melbourne start-up takes aim at SME funding gap

Moula ready to carve out a new channel to capital for small to medium businesses through an online platform that can provide a loan in minutes.