Westpac is one of the banks where ASIC alleges traders rigged the bank bill swap rate.
Business Briefing: the bank bill swap rate.
As more details are revealed in the bank bill swap rate rigging case we explain what the rate does, how it can be manipulated and what the government should be doing about it.
If the banks can't trust each other's messages, can you trust the banks?
Brexit would throw up all manner of problems for the UK economy, including a rise in borrowing costs for homeowners.
The earth is a finite place.
Earth image from www.shutterstock.com
The global economy is already unsustainable – let alone if it gets bigger.
Scott Morrison told a joint news conference with Assistant Treasurer Kelly O'Dwyer that the banks would pay an additional $121 million to increase the resources of ASIC.
Scott Morrison has warned the banks not to pass on to customers the $120 million user-pays charge imposed on them to finance a strengthened Australian Securities and Investments Commission.
Was Scott Morrison right about the powers of ASIC?
After Labor proposed a royal commission into the banking industry, Treasurer Scott Morrison said the Australian Securities and Investments Commission (ASIC) has all the powers of a royal commission and more. Is that right?
The banking sector has problems, but a Royal Commission isn’t the answer.
Royal Commissions work best when one specific issue can be addressed, rather than a wide range of problems.
ASIC chairman Greg Medcraft says the regulator ‘can’t look over everyone’s shoulder’.
Banks have had notice of these issues and failed to resolve them - it seems only fair that they should have to pay.
Opposition leader Bill Shorten says public confidence in the banking sector has taken ‘hit after hit’ in recent years.
Bill Shorten has promised a Labor government would set up a royal commission into misconduct in the banking and financial services industry.
As Labor nosed ahead of the government in the latest Newspoll, Michelle Grattan tells Stephen Parker this won't necessarily translate into an election loss for the Coalition.
Bill Shorten’s recent performances have displayed a note of confidence.
Next week Malcolm Turnbull will briefly take one foot off the domestic treadmill for his first visit to China as prime minister, going to Shanghai as well as Beijing.
The global scandal surrounding the release of the Panama papers and Malcolm Turnbull's criticism of Australian banks have put the spotlight on the often murky world of banking and finance.
Malcolm Turnbull on Wednesday laid into the banks with damning comments about ethical lapses and failure to put customers first.
Malcolm Turnbull argues it is so vital to revive a tough watchdog in the construction industry that there will be a double dissolution if the Senate refuses to agree. Critics such as Queensland independent…
Prime Minister Malcolm Turnbull attending Westpac’s 199th birthday lunch in Sydney on Wednesday.
Prime Minister Malcolm Turnbull has given banks a bollocking for unethical behaviour, suggesting they have not repaid the support they received during the global financial crisis.
An excavator clears land for a palm oil plantation in southern Sierra Leone for a Lichtenstein-based a company. Such projects are criticised by some as ‘land grabs’.
International development banks are supposed to ensure adherence to human rights in the projects they fund. Instead, their practices provide fertile ground for human rights abuses.
Phishing is a growing problem across Africa. South Africa has the highest number of victims.
Cyber security has been identified as a global challenge, with Africa facing renewed threats through increasing internet use across many platforms.
A Kenyan woman does a financial transaction using her mobile phone.
Financial inclusion has so far focused on enhancing a poor person’s cash flow. But it needs to involve more. Not enough consideration is given to encouraging poor people to build assets.
The snail’s pace of switching between Australian banks deserves attention.
Image sourced from Shutterstock.com
More robust competition between banks would benefit consumers, but there's little policy focus on the issue.
Good for humanity?
Image sourced from Shutterstock.com
Australia's biggest banks seem more concerned with disclosing how much paper they recycle than their lending exposure to coal mines.
When banks fail, it’s customers that usually end up out of pocket.
A flat rate bank deposit tax could be distorting, and not for the reasons the banks suggest.