Finance News

The four major banks' chief executives will give evidence during the banking royal commission's final round of public hearings, due to start on Monday. The final two-week round follows six other rounds of hearings and nearly...

At the eleventh hour, Federal Health Minister Greg Hunt has extended the My Health Record opt-out deadline to 31 January. Every Australian with a Medicare card initially had a four-month window to opt out - with...

The Australian share market edged higher last week, thanks to strength from the banking sector and as US elections' results remove some global market uncertainty. The benchmark S&P/ASX200 index rose 1.24% to 5,922 points and the broader All...

The federal opposition has floated the idea of introducing a standard benchmark on fees and charges for international money transfers to improve transparency and cut costs for consumers sending money to loved ones overseas. Opposition Leader...

Australian shares closed higher last week thanks to widespread market gains with BHP, CSL and the banks among the best performers. Source: Rob Bayer (Shutterstock) The share market was under pressure on Friday but it rebounded...

There is now one place to go in Australia for consumers and small businesses to submit complaints regarding financial disputes.

BHP Billiton, CSL and the major banks were among the heavyweight companies caught up in a widespread sell-off on the local share market last week amid global investor concerns linked to US-China trade tensions, Brexit and...

The ASX 200 finished modestly higher last week with BHP Billiton, National Australia Bank and Afterpay Touch among the heavyweights to hold the market back. The benchmark S&P/ASX 200 index rose 0.75% to 5,939 points and...

The number of homeowners with mortgages that dwarf their home values is expected to rise as house prices continue to fall in Australia's two biggest property markets, research group Roy Morgan has warned. Roy Morgan has...

The ASX 200 suffered its biggest weekly fall in three years last week, driven by heavy losses on the US share market. All sectors of the local share market closed lower last week with energy leading losses amid...

In recent days there have been many claims around what the new health insurance rules will mean for policyholders. Some say premiums will rise and cover will fall, while others say nothing will happen. So, what...

Imagine your next shopping trip involves sticking out your sleeve or waving your gym towel or keys to pay for something. This is what Westpac is now offering customers who bank with them. Westpac has today...

Macquarie savings and transaction account holders will be able to purchase discounted eGift cards from more than 40 leading retailers from today. The bank has launched Macquarie Marketplace, a platform available within the Macquarie mobile banking app and...

Strength across the mining and energy stocks, including gains by heavyweight BHP Billiton, were not enough to offset losses from the big four banks last week. The S&P/ASX 200 fell 0.35% to 6,185.50 points and the...

Banking Royal Commissioner Kenneth Hayne has blamed greed for the financial sector's misconduct because "how else is charging continuing advice fees to the dead to be explained?" The Royal Commission into Misconduct in the Banking, Superannuation...

Major miners BHP Billiton, Rio Tinto and Fortescue Metals and big banks Westpac and Macquarie were among some of the best performers on the share market last week. The mining-related materials sector led the Australian share...

Co-author: Petrina Berry Deceased people being charged life insurance premiums, significant delays in urgent home repairs for natural disaster victims and misleading car and travel cover were among a number of  revelations to come out of the...

A peak legal group is concerned domestic violence perpetrators could access the whereabouts of their children through the My Health Record system. The Law Council of Australia has warned that the Australian Government's My Health Record...

Supermarket giant Woolworths and major banks NAB, ANZ and Suncorp took some of the biggest hits to their market value last week. Suncorp's life insurance arm was under the spotlight at the financial services royal commission...

Global miner BHP Billiton, biotech giant CSL and ANZ, Westpac and Macquarie had billions of dollars wiped from their market value last week. Source: Adwo (Shutterstock) Canstar’s General Manager of Wealth Josh Callaghan said the ASX200...