In what is becoming a familiar occurrence, the big banks are having to increase their provisions for financial misconduct. NAB now says its compensation bill will need an extra $749 million.
The Australian big four banks dominate the New Zealand market and will have to comply with increased capital requirements, which UBS analysts warn will have a bigger impact than they first thought.
The scrutiny on borrowing is the toughest it's been, with banks and credit unions putting the daily spending habits of potential customers under the microscope — including things like your food deliveries and Afterpay purchases.
For a year, Ian Narev had kept a low profile after leaving CBA in the wake of the bank's money-laundering scandal, but he has re-emerged to accept a newly created role at job-hunting website SEEK.
Facing a parliamentary grilling, ANZ chief executive Shayne Elliott admits some Australians will find it harder to get loans but says the bank is moving back towards a "sensible equilibrium" for small business and home lending.
APRA says bank bosses and boards appear to be slow to learn from the scandals uncovered at the royal commission, and it seems inevitable it will have to intervene to rein in excessive bonuses.
In a bid to clean up its reputation in the wake of the banking royal commission's findings, National Australia Bank will no longer pay commissions to members of the public in exchange for them referring new home loan customers.
New research from Australia's peak financial regulators has found around half the outstanding small business loans are secured by residential property, and that could be a problem if house prices keep falling.
Westpac flags redundancies as it offloads its loss-making advice business in the wake of the banking royal commission, with the market shifting towards independent financial advice.
Potential criminal acts in the financial services industry exposed at the banking royal commission may never hit court, governance experts say.