Financial Services

Greek bank deposits fall to decade-low

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Total household and business deposits hit lowest level since 2004.

CBA offers $500k advice compensation

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Financial advice pilot program offers compo in nearly 20% of cases, but shares lift.

What can we learn from rich lists?

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Rich list valuations are rarely accurate. I should know -- I used to compile them. So here's the truth...

APRA seeks to lift bank culture

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Byres says personal incentives need to be aligned with organisation goals in financial sector.

ASIC calls for tougher penalties

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Chairman says fear-inducing penalties needed to deter financial crimes amid poor culture.

Low rate benefits not being reaped

by AAP
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YBR survey finds most homeowners are missing out on the full benefits of record low interest rates.

Private sector credit misses forecasts

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Growth rate of total credit slows in April as personal lending backtracks.

Value Investor: NAB rights a good investment

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Despite a lacklustre outlook for banks, NAB's rights issue still looks like good value for money.

Yes, a million in super is plenty

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Super experts claim that in the current low interest rate environment $1m in superannuation isn't enough but their argument has many flaws.

Investment banks chasing ‘right balance’

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Mark Johnson says culture fix will take years as investment banks evolve in new climate.

JP Morgan tipped to cut 5000 jobs

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Layoffs at US financial giant could exceed 5,000 by next year, around 2% of its workforce.

Macquarie holds edge in GE Capital race

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Macquarie Group assumes favouritism in GE auction amid acquisitive streak.

Beware of bullish bankers, their bubbles and the inevitable burst

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Bankers once again have convinced themselves -- and everyone else -- that they are the smartest players on the street.

CBA sued amid bribery probe

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Bank faces suit as US group challenges freezing of funds related to bribery claims.

Homing in on the risks to our financial system

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Significant steps have been taken to strengthen Australia's financial system, but an infatuation with mortgage lending remains a key risk.

Why are top CBA executives switching to Westpac?

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Lyn Cobley's move to Westpac raised eyebrows within executive circles because it may be linked to a similar exit by CBA's technology guru.

US bank earnings up 6.9% in Q1

by AP
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US banks' profits jump almost 7% in the first quarter as revenues increased and delinquent loans fell.

BBY collapse raises questions

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Former BBY chairman says he's 'devastated' at collapse of stockbroker as creditors demand answers.

Court hears BoE notified on Libor

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Prosecutors say chief currencies dealer among recipients of emails alleging Libor manipulation.

EU-Swiss accord to end banking secrecy

by AFP
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Major accord will prevent EU residents from hiding undeclared income in Swiss banks.

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