Less than eight years after the royal commission, banks are eyeing a return to financial advice as regulators signal they may be ready to move on.
National Australia Bank
ASX:NAB
After a scathing royal commission pushed banks to offload their wealth and advice businesses almost a decade ago, there is growing talk of a comeback.
Head of retail banking Carolyn McCann has conceded the division’s cost base is too high relative to its peers, as she unveiled her new strategy.
The chief executive of ANZ says, whatever its merits, the government’s tax plan is having the desired effect on property investment.
The major lenders have now all called time on negative gearing.
It echoes similar moves by Westpac and Macquarie, with CBA and ANZ still reviewing their policies in the wake of the government’s negative gearing ban.
Small rivals fear they will be squeezed out of regional markets by the same big institutions which have abandoned them.
Negative gearing changes are set to take the wind out of lending momentum at Australia’s biggest banks as investors get cold feet.
The federal budget has thrown Australia’s biggest banks into a frenzy as they begin restricting property investors.
Negative gearing changes are set to test the big banks, with analysts warning mortgage growth and margins could come under pressure.
As the majors taper their risk appetite, Shemara Wikramanayake says Macquarie is ready to press its advantage in retail banking.
The iPhone maker has taken the gloves off in a major escalation of its long running feud with Australia’s largest bank and most valuable company.
Andrew Irvine says NAB’s cloud foundations can push it past bigger rivals, as its business bank holds ground against CBA’s assault.
Two of Australia’s largest banks have declined to participate in an industry trial as the sector divides under government pressure.
If Australia is serious about productivity, it needs more small businesses to adopt AI confidently and at scale across the economy.
After a bumper run, bank valuations look stretched as analysts warn earnings, margins and bad debts may leave little room for further gains.
What first looked like a Commonwealth Bank problem is shaping up as a broader fraud risk tied to broker and referrer channels across the majors.
Australia’s biggest banks have quietly been restricting access to referrer programs and investing in fraud detection as risks rise.
The financial crimes regulator has issued a fresh warning to banks, as loan referral programs face fresh scrutiny in the wake of an apparent outbreak in fraud.
Police are working with CBA this week as AUSTRAC examines suspected loan fraud and laundering, in a warning shot for bank controls across the sector.
Bendigo and Adelaide Bank is repairing compliance failures and investing $80 million in risk systems, as its digital arm turns profitable and competition intensifies.
The big banks are riding a strong earnings run and a market high. But with valuations stretched, how long can the buzz last?
It’s rare for a big bank to trade with the exuberance of a tech stock. Here’s what gave CBA its biggest day on the ASX in six years.
Banks closed 16,000 mule accounts last year, and Airwallex is caught in the controversy. So who is behind the scams on Facebook — and why can’t they be stopped?
The big four bank is making cuts and changes to its consumer finance teams as it finally completes the integration of Citigroup's Australian retail business, which it acquired in 2022.
NAB and the Commonwealth Bank have been turbocharging their retail push, escalating a talent war as competition heats up across Australia’s major banks.
The big banks say the social media behemoth has allowed criminals to prosper on its platforms, and urged it to thwart 'mules' who rent out their bank accounts to bad actors involved in scams.
Australia’s banks head into 2026 with Macquarie in the freshly minted ‘big five’ and the majors battling tech revamps, restructures, talent raids and regulation.