[SYDNEY] Australia's four major banks could suffer a ratings downgrade in the event of a severe housing market downturn with second-order economic effects, a stress test published by Fitch...

[SYDNEY] Australian finance company AMP's chairman quit Monday barely a week after its chief executive stood down as damning evidence of misconduct by the firm continues to mount...

[SYDNEY] An Australian inquiry into financial sector misconduct claimed its first scalp on Friday as the chief executive of the country's largest wealth manager stepped down over revelations of...

[SYDNEY] Westpac Banking Corp's auto-finance business approved applications that contained no expense information, and relied heavily on the advice of car-yard managers when processing loans, an...

[SYDNEY] Commonwealth Bank of Australia chief executive Ian Narev knew that a system of financial incentives to reward mortgage brokers could hurt customers but failed to act, an inquiry into...

[SYDNEY] An Australian government-backed inquiry into misconduct by the country's powerful major banks is scheduled to begin its first round of public hearings on Tuesday, focusing on...

AUSTRALIA'S banking regulator proposed on Wednesday that the country's lenders adopt higher risk weightings on some kinds of loans as the government passed laws aimed at avoiding public...

[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...