[BENGALURU] The life insurance arm of Australia's biggest bank was charged on Friday with dozens of breaches of a law banning sales staff from cold calling customers to sell financial products, in...

[SYDNEY] Australian banks and retailers were thrown into chaos on Thursday by a telecoms outage that knocked out electronic payment systems and cash machines.

[SYDNEY] Australia's prudential regulator said on Thursday it has told three of the country's biggest banks to set aside an additional A$500 million (S$472.5 million) each until they have...

[BENGALURU] Australia's top three banks said on Thursday they have agreed to partner with IBM and shopping mall owner Scentre Group to test blockchain technology to digitise bank guarantees.

[SYDNEY] Australian bank earnings are getting squeezed by the central bank's move to cut the cash rate to a record low 1 per cent, analysts and investors say, as it gets harder to reduce deposit...

COMMONWEALTH Bank of Australia is working on a plan to cut more than 10,000 jobs and about A$2 billion (S$1.94 billion) of costs, TheAustralian newspaper reported, without saying where it got the...

[SYDNEY] Commonwealth Bank of Australia is working on a secret plan to cut more than 10,000 jobs and about A$2 billion (S$1.93 billion) of costs, the Australian newspaper reported on Friday,...

AUSTRALIA'S corporate watchdog on Monday rebuked the biggest banks and financial services firms for delays in fixing internal systems that resulted in customers paying fees for services they...

[SYDNEY] Australia's corporate watchdog rebuked the biggest banks and financial services firms on Monday for delays in fixing internal systems that resulted in customers paying fees for...

[SYDNEY] Australia's largest financial firm Commonwealth Bank on Wednesday said profits fell six percent in the last six months of 2018 amid a "challenging environment" for the business.