Branches are likely to keep evolving into smaller outlets focusing on sales and more complex transactions.
Customers still want personal interaction with their bank, but do banks need branches to deliver it?
ASIC has been highly critical of some of the practices of Australia’s big four banks.
An ASIC report detailing how financial advice was paid for but not given by Australia's big four banks exposes a culture problem that the government needs to deal with.
Millions of Americans in nine states will vote on Nov. 8 for the right to do this.
Robert F. Bukaty/AP
Nine states are deciding whether to legalize marijuana. Yet the drug's prohibition at the federal level has created an unstable financial environment for producers and retailers.
Home owners will bear the brunt of the new lending restrictions from APRA when it’s lenders who should be penalised.
APRA has updated its guidance to lenders on concerns about the risks to financial stability from the housing market, but it should be focusing more on the banks, not hurting those with a mortgage.
A transaction of 88 bales of cotton in Qingdao sometime in early November is been hailed as revolutionary.
Apparently, the world is holding its breath on the unloading of a few bales of cotton, which “could change trade forever”. In Qingdao sometime in early November, 88 bales of cotton will be unloaded and…
Culture and family can play an important role in whether you can pay off your mortgage, new research shows.
People from South East Asian countries are less likely to default on their mortgages because of a culture of financial assistance from families, new research shows.
At least someone gets a microphone.
The bank's recent scandal probably would never have happened had senior management only listened to Wells Fargo's whistleblowers.
Mortgage tracker rates follow the cash rate.
Business Briefing: rate tracker mortgages.
The Conversation 16,3 Mo (download)
Rate tracker mortgages could provide some certainty for customers and increase trust in the banking sector.
The Australian Prudential Regulation should be put up for a capability review.
Just when we all thought that the Australian Securities and Investments Commission (ASIC) had already won the race to be most ineffective regulator of the year, up pops the Australian Prudential Regulation…
A crack in the culture?
The thousands of Wells Fargo low-wage employees who defrauded customers likely knew how it felt to face unfair overdraft fees or a deteriorating credit rating. So why did they do it?
ASIC chairman Greg Medcraft could learn a thing or two from his US counterparts.
ASIC has been too slow to prosecute those accused of rigging the bank bill swap rate so it doesn't matter if the government makes the penalties harsher for those found guilty.
Commonwealth Bank chief Ian Narev was the first to appear before a parliamentary committee inquiring into the practices of the big four banks.
When the cash rate increases, lending rates shoot up like rockets, but when the opposite occurs they go down like feathers.
Deutsche Bank may have the assets to outweigh its liabilities but this won't save it from a run on its stocks.
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.
NAB Group CEO Andrew Thorburn will this week answer questions from another committee inquiring into banking practices.
To boost competition in banking we should give consumers better access to data and account number portability.
Persistent low growth shows fiscal and monetary policy aren’t working.
In the battle against slow economic growth, perhaps the government and Reserve Bank should try doing nothing and let the economy restore itself.
With a bit of government backing, alternative finance can give us control over our money and help kickstart the 'real economy'.
Deutsche Bank's shares have fallen so much that speculation is rife it will be like the 2008 Lehman Brothers collapse all over again.
US bank Wells Fargo was hit with a record fine after sales-driven staff opened thousands of accounts customers never asked for.
Sales incentives must change to ensure service is rewarded over targets.
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.