News
The competition watchdog is launching an investigation into why the big four banks are not passing on interest rate cuts in full to customers.
Business
National Australia Bank says it will spend another half a billion dollars to compensate aggrieved customers, while boosting the number of staff dealing with the issue to 500 .
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The former chief of staff to ex-NAB boss Andrew Thorburn has been arrested over a $40 million fraud against the bank.
Commonwealth Bank’s first-half cash profit has fallen 2.1 per cent to $4.676 billion, weighed down by Australia’s slowing property markets.
The National Australia Bank is setting aside $314 million for customer remediation programs, becoming the latest big bank to take a big profit hit due to compensation.
A refreshed banking industry code aims to stop banks charging fees to dead people and ensure they only extract fees from customers in exchange for services actually provided.
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