Banking

The Albany Magistrates Court heard the woman had transferred the money to her personal account in smaller amounts over 15 months. 

Market pricing for a February rate hike is on the up after the unemployment rate remained steady at 4.3 per cent, while fewer people have been in work or looking for a job. Meanwhile, APRA is taking action against super giant HESTA. 

The company that brought AI into household vernacular launched in Australia today. It comes as other companies like Meta are struggling to make traction in this space. 

Frustrated retailers grappling with online shoplifters are calling for better protections from banks, payment providers and regulators.

We asked three financial experts about the up-front and ongoing costs of buying a home and for their tips on how to prepare for home ownership. 

It's been called a bubble for more than 15 years but the great Aussie housing price boom has barely skipped a beat, as regulators eye the threat of risky loans.

The banking regulator will impose restrictions on home loans from early next year to limit the number of "high-risk" large loans being issued to customers, which could have flow on effects in the housing market.

The Australian banking regulator will impose limits on large home loans from February, while the ASX rises as Wall Street extended a recent recovery. See how the trading day unfolded on our live blog.

Shares in Bendigo and Adelaide Bank slumped today after the regional bank confessed to money laundering at a branch and deficiencies in the way it deals with both money laundering terrorism financing.

Amid global warnings of impending financial doom, APRA and the Reserve Bank are far more concerned about a home-grown bubble, one that's been taking in oxygen for almost three decades. 

A new study has revealed the scale of China's lending for projects and activities in Australia, with money poured into everything from tollways to supermarkets, wind farms and breweries — but mostly mining projects.

A crackdown on online payment services reveals "multiple examples of high-risk customers", as the Australian regulator orders a global company to appoint an external auditor.

One of Australia's largest banks has committed to retaining regional branches for another three years, following a federal inquiry into the impact of branch closures on country towns. 

The local share market takes another leg lower as labour force figures pour cold water on rate cut expectations. Look back on the day's financial news and insights from our specialist business reporters.

British authorities say Zhimin Qian was the mastermind behind a Ponzi scheme into which around 128,000 people invested billions of dollars.

The tapering of super-sized bank profits has shone a spotlight on the growth of the non-bank sector. Regulators have them in sight given the risk they pose to the financial system.

Commonwealth Bank reported a marginal rise in first-quarter profit, but its share price still lost 6.6 per cent in value, while the ASX200 lost ground. 

Police will allege the man used his position as a bank employee to assist the syndicate in applying for approximately $10 million worth of business loans.

The boss of National Australia Bank, Andrew Irvine says housing is Australia's biggest challenge. Speaking with The Business, he says the country needs to urgently boost housing supply.

We want to hear about your experiences banking or accessing loans and other products with Tasmanian financial institutions.