NAB CEO Andrew Thorburn defended the culture of the bank he works for during the House of Representatives Standing Committee on Economics annual public hearing.
As the chief executives of Australia's big four banks come before a House of Representatives economics committee, we ask a panel of experts what questions the banks should be answering.
The industrial revolution wasn't all about the spinning jenny and steam power. Money talked, and it needs to again if power and prosperity are to flow to the UK regions.
Just like the characters of The Big Short, its time to pick up the warning signs of a global financial crisis.
The financial products offered by the shadow banking sector allow investors to be further removed from their investments and banks to escape regulation, increasing the risk in the sector overall.
The inaugural week of the new parliament reinforced the point that Bill Shorten plans to do everything possible to harass Malcolm Turnbull.
As any good farmer will tell you, always shut the gate. On Thursday a number of government MPs, including several ministers, rushed away from parliament, leaving the gate wide open, and the opposition…
Anthony Albanese has expressed concern about supporting the scrapping of the clean energy supplement for new welfare recipients.
Federal MPs reassemble in Canberra on Monday ahead of Tuesday’s opening of parliament, with the government talking up what the Coalition used to call a budget emergency and Labor keeping maximum pressure…
Bill Shorten is continuing his push for a royal commission into the banks.
Bill Shorten is continuing to pressure for a banking royal commission by highlighting rising bank profits and escalating consumer complaints in recent years.
Malcolm Turnbull said on Friday that changing Section 18C of the Racial Discrimination Act ‘was not a priority’.
Malcolm Turnbull’s rhetoric this week has been designed to put the heat on Labor over budget repair. But he has three grassfires on his hands even before the new parliament starts on August 30 – and they’re…
The heightened scrutiny of Australia's immigration policies in recent weeks has shone a light on the long-term problems of indefinite detention of asylum seekers on Manus Island and Nauru.
Scott Morrison said the Moody’s affirmation was a ‘welcome boost’.
Moody's has reaffirmed Australia's AAA credit rating, as Malcolm Turnbull seeks to put pressure on Labor and crossbenchers to pass measures to help repair the budget.
Australian banks improved their efficiency after the introduction in 2003 of the ASX Principles of Good Corporate Governance, which aimed for improved governance mechanisms and thus better control over bank management.
AAP Image/Paul Miller
Good corporate governance is good for efficiency and profit in banks. But having independent board members and the number of board meetings don't play a role, research shows.
Malcolm Turnbull’s plan to bring bank executives before a parliamentary committee at least annually has been seen as little more than token.
Malcolm Turnbull’s resistance to a royal commission into banks is flouting public opinion and will test his own backbenchers, who have their fingers on the electoral pulse on this hot-button issue. An…
One has to ask what the banks fear. Are there further pockets of wrongdoing yet to emerge? No, they say.
Malcolm Turnbull’s plan to have the chiefs of the big banks regularly front a parliamentary committee is more gesture than substance. What it tells us is that Turnbull is very sensitive to the strong public…
Lower interest rates will only have the stimulatory effect required if they are passed on to borrowers.
Malcolm Turnbull announced the banks would now be regularly accountable to the parliament.
Malcolm Turnbull has announced that the heads of Australia's big four banks will be grilled annually by the House of Representatives economics committee.
After the Reserve Bank cut the cash rate by 25 basis points to 1.5%, the four big banks said they would pass on only part of the reduction.
Malcolm Turnbull has sternly told the banks they should pass on the whole of Tuesday's rate cut - or their chief executives must explain why they are not doing so.
Research has found Islamic banks are less risky than conventional banks.
Islamic banks are more risk averse than conventional banks in terms of capital and mobilising funds.
Internet scamming is proving to be an attractive career to a considerable number of Nigerian students.
Internet fraud – or ‘yahoo-yahoo’ – has become a way of life for some young Nigerian con-artists.
Lehman’s collapse set off current debate over when a bank is too big to fail.
Regulators trying to keep taxpayers from having to foot the bill for the next wave of bank bailouts are placing too much on emphasis on size and missing the 'bigger' picture.
Stay or go - Britons will vote this week.
A British exit from the European Union will mean short term volatility on global markets, but the longer term outcomes are more uncertain.
People queue to apply for social grants in Cape Town, South Africa.
What seems to be a simple question of banks’ responsibilities is actually a major issue playing out where social security, banking, property, criminal and constitutional law intersect.