Applying the GST to bank products and services would increase costs for consumers but reduce distortion in our economy.
Applying the GST to banking has much sounder economic underpinnings than the current levy, would have raised much more revenue, and would have applied to all banks rather than just the big banks.
Cryptocurrencies are still the only usecase for the blockchain.
The blockchain has been successful when it comes to cryptocurrencies like Bitcoin, but we haven't yet figured out other uses.
Australian Treasurer Scott Morrison says the big banks should be able to absorb the cost of a new bank levy.
Treasurer Scott Morrison said Australia's banks have a return on equity about twice that of banks in other advanced economies. Is that right?
LIBOR continues to evoke irritation, frustration and fear – for traders, central bankers and the public.
A new report confirms how the rich become deluded about their talents, but also hints at a growing acknowledgement of inequality.
Blockchain is an exciting technology, but for it to go mainstream governments must be able to regulate it.
Laws cannot keep pace with technological advances – but that may not be a bad thing.
No need for a bank: Just a smartphone and a blockchain.
Houman Haddad/UN World Food Program
Already becoming a darling of Wall Street, blockchain technology's biggest real benefits could come to the world's poorest people. Here's how.
The Chinese government is doing its best to stop China's bad loan problem from blowing up.
Shadow or parallel banking refers to the non-bank financial intermediaries that supply services similar to commercial banks.
Shadow banking provides investors with the means to isolate risks, transfer profits, avoid regulation and increase the range of money-like financial products available for investment.
Banking in a highly financialised society like Britain could be seen as akin to a fundamental human right.
Financial inclusion has been touted as one of the solutions to addressing poverty in South Africa.
Entities at the centre of the storm engulfing South Africa's social grants distribution system have claimed to be champions of financial inclusion. The claim in itself is scandalous.
The demonetisation drive has made the banking sector healthier but failed to curb 'black money'.
World Literature Today/Flickr
Financially illogical and fuelled by irrational dogma, the creation of a new tranche of private sector debt is a missed opportunity.
Even when bank customers have a very good reason to switch, research shows they’re often reluctant to make the move.
Bank customers usually stay with their bank despite scandals in the sector, however new tech that gives consumers more information might help them switch.
Women in senior positions at banks are just as likely to take risks as their male colleagues.
New research shows increasing female staff numbers is, on its own, unlikely to change the way risk is managed in banks.
Scott Morrison’s UK visit may deliver some new ideas on data for Australia.
Australia could follow the UK's lead in fostering progress in the financial technology sector.
The system is rigged for a small minority to profit, but are we brave enough to deploy the solutions that would work?
Commonwealth Bank CEO Ian Narev got a 50% pay rise despite scandals involving the bank in 2016.
Just before everyone sits down for their Christmas dinner ASIC has handed two of Australia's big four banks a big present.
Scandals, elections, budgets, 2016 had it all. Here's what made news in business and economics.
Blockchain can’t solve every problem in the finance industry.
For a discipline that is supposedly rational, finance has had its fair share of irrational crazes. For example, the dotcom bubble and the collateralized debt obligation craze that led to the global financial…