Australia’s beleaguered banks are facing up to a bleaker future.

SYDNEY (Reuters) - Australia and New Zealand Banking Group Ltd warned on Tuesday that increased regulation and fierce competition is set to crimp revenue growth, as will more cautious lending practices in the wake of a powerful inquiry into the country's finance industry.

Sydney (AFP) - ANZ Bank posted a 14.2 percent jump in interim net profit Tuesday as it continues to restructure its core operations with the sale of a spate of assets.

ANZ Bank New Zealand, the local unit of Australia & New Zealand Banking Group, lifted first-half earnings one per cent as mortgage lending continued to grow.Cash profit, the preferred earnings measure for the Australian-owned banks,...

SYDNEY (Reuters) - Australia's banking regulator slugged Commonwealth Bank of Australia with an extra A$1 billion ($753 million) capital requirement on Tuesday as it released a scathing report into how the lender allowed money laundering to flourish.

In a quiet courtroom in Melbourne, a decade of scandalous behavior at Australia’s biggest banks is being forensically laid bare.