[SYDNEY] Australia opened a long-awaited inquiry into its massively-profitable finance industry on Monday after a string of scandals rocked confidence in the sector.

[SYDNEY] An independent inquiry into the Australian financial services sector was announced Thursday in a bid to quell public anger at the massively profitable banking system after a series of...

[SYDNEY] Australia's four largest banks are scrapping cash withdrawal charges for all domestic users as they try to salvage their reputations amid rising political pressure for tougher laws...

AUSTRALIA'S corporate regulator said on Thursday it will investigate whether the country's big banks are using a regulatory push to curb a potential housing bubble as an excuse to profiteer...

[ SYDNEY, Australia's corporate regulator on Tuesday took aim at the nation's four major banks, saying they are very powerful with "a lot of hubris" and are not used to be taken...

[SYDNEY] Rising mortgage delinquencies and repossessions in outback mining towns are starting to bite Australia's banks, with Westpac Banking Corp the latest to report an increase on Monday...

[HONG KONG] A money laundering probe at Commonwealth Bank of Australia is the latest in a slew of scandals denting the reputation of Australian banks as simple, reliable lenders at the forefront in...

SHARES of Australia's big four lenders rallied as new capital requirements aimed at ensuring the banks are "unquestionably strong" turned out to be less onerous than expected...

SURPRISE taxes levied on Australia's banking sector are frightening off potential foreign investors by creating a less stable business environment, two of the country's major banks warned...

[SYDNEY] An Australian state imposed a surprise tax on the country's five biggest banks, a move that comes on top of a new $4.6 billion federal levy - prompting predictions that other states...