Tighter lending restrictions and increased pressure on banks from the royal commission mean it's getting tougher to get a loan. So what are lenders looking for when they review a loan application?
Not only were customers misled, overcharged and paid millions of dollars for services they never received but AMP made at least 20 false statements to ASIC.
Anthony Pratt, Gina Rinehart and Lindsay Fox have called on the super industry to start lending directly to businesses, bypassing the banks. So should super funds become lenders?
In a bid to get in ahead of the game, Australian banks have released a new voluntary code of conduct to try to win back consumer confidence, but more banking reforms are needed.
Next time friendly bank staff want to help you with your money, consider this: 75% of advice given to customers wasn't in the client's best interests, according to an ASIC review of the big four banks and AMP.
Like them or loathe them, our big banks have an impressive track record as a solid investment. But could the banking royal commission leave the banks - and their shareholders - nursing financial wounds?
If you've ever made a late payment on a loan or credit card, your bank could soon be forced to tell other lenders, and you could face higher interest rates.
Free ATM access. A home deposit savings account. A new credit card interest rate. CBA is rolling out a series of new offers in a bid to retain customers, but is it enough?
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