Bank fees
Opinion
Opinion
Old habits are hard to kick for banks. They’re behaving badly – again
Six years after the royal commission, there are signs of a re-emergence of poor behaviour. At the very least this looks like conduct slippage.
- by Elizabeth Knight
Latest
CBA sued for overcharging customers $55 million in account fees
The corporate watchdog says the bank wrongly charged customers including pensioners, full-time students, recently-arrived migrants, and people with a home loan package deal.
- by Clancy Yeates
Exclusive
AMP
AMP customers sold risky products after ratings blunder
AMP is compensating customers after investment products were mislabelled on a digital platform used by its aligned advisers.
- by Charlotte Grieve
ANZ Bank faces fresh legal fight as ASIC takes it to court over fees
The watchdog claims bank charged a transaction fee 1.3 million times despite receiving advice that this may have been illegal.
- by Clancy Yeates
ANZ Bank settles fee claim for $1.5m
ANZ Bank has agreed to settle a legal claim over a type of bank fee for $1.5 million, conceding a small win to an otherwise unsuccessful class action against the lender over its fees.
- by Clancy Yeates
Analysis
Superannuation
Super fee cut is the right ambition
History shows that it takes very difficult reform, usually resisted by the industry, to get results.
- by David Crowe
NAB to ditch 50 business bank fees in new shake-up
National Australia Bank is scrapping 50 types of fees paid by its business customers, and could "radically" cut the number of fees charged across the bank.
- by Clancy Yeates
Exclusive
Company tax
Greens call for tripling of bank levy to raise $41 billion
Greens push for a trebling of the bank levy, saying it will help smaller firms compete against the big lenders
- by Shane Wright
State realises it doesn't need 8500 banks accounts, saves $125m
The Andrews government estimates it can save $125 million a year by reducing the number of accounts and paying fewer fees.
- by Benjamin Preiss
Investigation
Investigation
'I feel like a caged animal': Life inside mortgage broking giant
Mortgage Choice arranges billions of dollars of finance every year but insiders say it's a business built on financial distress.
- by Adele Ferguson
Opinion
Banking royal commission
We called for a banking commission, and this is why we needed it
The government limited the royal commission to one year, but may well have to again capitulate, this time to an extension of the probe.
- by Michael Short