The theory in media circles is that the banking royal commission was big news because "everyone has a bank account". There seems to be no corresponding extrapolation for aged care, writes Anne Connolly.

All four major banks have now announced a fall in earnings for the year. A new report from KPMG says there is no end in sight for the profit squeeze on the banks, with consumers set to benefit.

The framed picture depicts a young boy sitting on the floor playing with a nurse superhero toy

A young boy chooses a nurse as the superhero he wants to play with over Batman and Spiderman in a new artwork by Banksy that encapsulates the gratitude Britons have felt toward the country's National Health Service during the coronavirus crisis.

The piece, called Game Changer, is on display in a corridor at Southampton General Hospital.

The Bank of England said the economy could contract by as much as 3% in the first quarter.

Resist the urge to sunbath and socialise despite hints from the PM lockdown might be eased soon, Dominic Raab said.

Reserve Bank governor Philip Lowe warns Australia's unemployment rate is likely to hit 10 per cent by June, and even though Australia will recover, the coronavirus emergency "will cast a shadow over our economy for some time to come".

For Papua New Guineans and tour operators who get their income from the Kokoda track, April is usually their busiest time of year — but coronavirus might be putting a stop to that.

In an extremely unusual move, National Australia Bank reports its results to the stock exchange almost a fortnight early as it seeks an extra $3.5 billion of investment from shareholders.

After a shaky start, Australian shares closed sharply higher, but were dragged down by the big four banks, as investors weigh up the impact of COVID-19 on dividends.

Commonwealth Bank customers could end up paying tens of thousands of dollars more on their home loans because of changes to repayment levels, a financial expert warns.

The financial regulator has asked ME Bank to explain why it has taken cash from accounts linked to its customers' home loans to reduce the risk of mortgage default.

CBA says today's closure of 114 branches nationwide is temporary and due to a massive increase in online and telephone banking.

Australian shares rise, including Macquarie Group, despite slashing its dividend. The Australian Banking Association say a further 100,000 loans were deferred over the past week.

Reforms recommended by the Banking Royal Commission, which uncovered widespread financial misconduct, will be delayed so the financial industry can recover from the coronavirus crisis, Treasurer Josh Frydenberg announces.

After thousands of customers reported missing money from mortgage redraw facilities, the bank apologises for not communicating with customers and promises to do better.

Shares in Canadian e-commerce firm Shopify Inc. surged on Wednesday after the company said more and more businesses are signing up for the its online selling platform during the COVID-19 pandemic.

Neiman Marcus, the 112-year-old storied luxury department store chain, has filed for Chapter 11 bankruptcy protection, the first department store chain to be toppled by the coronavirus pandemic.

A SIMPLE error has caused a major headache for NAB after 60,000 customers’ details were sent to an adult site owner.

The sharemarket opened lower as weak banking stocks failed to support a strong rally in energy shares.

Tyra Banks agrees that America's Next Top Model has aged, well, poorly. The Sports Illustrated covergirl and host of ANTM came under fire this week when resurfaced clips from the...

Confession: we are all about that Pogue life this summer. Wait, you don't know what that means? Gosh, you are a total Kook. In case you are the proverbial nerd that fell asleep first...

In what it describes as a "relief", the AFL receives a line of credit with two major banks that will help the league continue operating during the coronavirus pandemic.

Carlos Serrano, 64, of Glendale, Calif., was sentenced to 18 months in a community correctional facility in connection with a $1.3 million scheme to defraud the First International Bank of Connecticut (FIB) and the Export-Import Bank of the United States (Ex-Im Bank). In addition to his prison sentence, Serrano was placed on five years of probation and ordered to pay restitution of $924,569 to the Ex-Im Bank.

The government filed a lawsuit today in Miami against Swiss bank UBS AG. The lawsuit asks the court to order the international bank to disclose to the Internal Revenue Service (IRS) the identities of the bank’s U.S. customers with secret Swiss accounts. According to the lawsuit, as many as 52,000 U.S. customers hid their UBS accounts from the government in violation of the tax laws.

A former employee of the Export-Import Bank of the United States (Ex-Im Bank) has been indicted on corruption and tax violations arising from her alleged receipt of a $100,000 bribe while working at the Ex-Im Bank.

Carl Courtright III, of Granite City, Ill., was convicted today on child pornography and bank fraud charges in the Southern District of Illinois following a five-day jury trial. The federal jury convicted Courtright of one count of production of child pornography, two counts of possession of child pornography, one count of receipt of child pornography, as well as one count of bank fraud.

Robert Moran, of Lighthouse Point, Fla., pleaded guilty today to a criminal information charging him with filing a false income tax return. Moran appeared today before Judge James I. Cohn in Ft. Lauderdale and accepted responsibility for concealing more than $3 million in assets in a secret bank account at UBS in Switzerland.

Todd Gongwer of Dublin, Ohio; Lance Parker of Dublin, Ohio; and Joel Lee, of Galena, Ohio, pleaded guilty today to conspiracy to commit bank fraud. Gongwer, a licensed real estate agent, also pleaded guilty to tax evasion in the hearing before Judge Michael H. Watson in Columbus, Ohio. Parker also pleaded guilty to illegally structuring cash transactions.

Two former managers of the Bank of China and their wives were sentenced today after their convictions on Aug. 29, 2008, by a federal jury in Las Vegas on charges of racketeering, money laundering, international transportation of stolen property as well as passport and visa fraud.

An indictment was filed today charging seven individuals -- three former shareholders of the Jenkens & Gilchrist law firm (J&G), the former Chief Executive Officer and a former tax partner from the BDO Seidman accounting firm (BDO), and two former bankers from a foreign bank with headquarters in New York (Bank A) -- with tax fraud conspiracy and related crimes arising out of tax shelters promoted by J&G, BDO, and the bank.

Jeffrey P. Chernick, of Stanfordville, N.Y., pleaded guilty today to charges of filing a false tax return. Chernick, who owns a corporation which represents toy manufacturers in China and Hong Kong, appeared today before Judge James I. Cohn in Ft. Lauderdale, Fla., and accepted responsibility for concealing more than $8 million in Swiss bank accounts.

Albert Gonzalez, 28, of Miami, Fla., was indicted today for conspiring to hack into computer networks supporting major American retail and financial organizations, and stealing data relating to more than 130 million credit and debit cards. Among the corporate victims named in the indictment are Heartland Payment Systems, a New Jersey-based card payment processor; 7-Eleven Inc., a Texas-based nationwide convenience store chain; and Hannaford Brothers Co. Inc., a Maine-based supermarket chain.

Hansruedi Schumacher and Matthias Rickenbach, both of Switzerland, were indicted today for conspiring to defraud the United States. According to the indictment, Schumacher worked as an executive manager at Neue Zuercher Bank (NZB), a Swiss private bank located in Zurich, Switzerland. Rickenbach worked as a Swiss attorney who provided legal advice and services to U.S. clients.

Former UBS banker, Bradley Birkenfeld of Weymouth, Mass., has been sentenced to 40 months incarceration by Judge William J. Zloch in Fort Lauderdale, Fla. On June 19, 2008, Birkenfeld pleaded guilty to conspiring to defraud the United States.

A Saddle River, N.J., man pleaded guilty today to failure to file a Report of Foreign Bank or Financial Accounts (F-BAR. Juergen Homann appeared today before Judge Stanley R. Chesler in Newark, N.J., and accepted responsibility for concealing more than $5 million in Swiss bank accounts.

The Bank will invest more than $600,000, open a new branch in an African-American neighborhood in west central Alabama and take other steps as part of a settlement.

Febe Durango-Rueda, 52, a Colombian national, pleaded guilty on Nov. 20, 2009, to participating in a scheme to defraud the Export-Import Bank of the United States (Ex-Im Bank) of more than $1 million.

As a result of the largest environmental bankruptcy in U.S. history, $1.79 billion has been paid to fund environmental cleanup and restoration under a bankruptcy reorganization of American Smelting and Refining Company LLC (ASARCO).

Aristotle R. Matsa, an attorney in Columbus, Ohio, was charged with tax offenses, obstruction of justice and additional charges in a 20-count indictment unsealed today.

Albert Gonzalez pleaded guilty to conspiracy to gain unauthorized access to the payment card networks operated by, among others, Heartland Payment Systems, 7-Eleven and Hannaford Brothers Co. Inc.

Jack Barouh of Golden Beach, Fla., pleaded guilty today to filing a false tax return.

Dr. Andrew Silva of Sterling, Va., pleaded guilty today to conspiracy to impede the United States and to making a false statement, the Justice Department, Immigration and Customs Enforcement (ICE), U.S. Postal Inspection Service (USPIS) and the Internal Revenue Service (IRS) announced.

Pamrapo Savings Bank S.L.A., a wholly-owned subsidiary of Pamrapo Bancorp Inc., based in Bayonne, N.J., pleaded guilty today in U.S. District Court for the District of New Jersey to conspiracy to violate the Bank Secrecy Act and has agreed to forfeit $5 million to the United States

Harry Abrahamsen, a resident of Oradell, N.J., pleaded guilty today to failure to file a Report of Foreign Bank or Financial Accounts.

Paul Zabczuk, a resident of The Woodlands, Texas, pleaded guilty to filing a false tax return in Ft. Lauderdale, Fla.

A federal judge in Fayetteville, Ark., has barred Wayne Hicks and his company, My Icis Inc., from operating a private banking system that allegedly helped customers avoid taxes by shielding their identities and other financial transactions from the Internal Revenue Service.

Jack Barouh of Golden Beach, Fla., was sentenced today to 10 months in prison by U.S. District Court Judge Adalberto Jordan in Miami.