Massive job cuts hit Aussie insurance giant
A job cull is sweeping through one of Australia’s biggest insurance companies, even as the company rakes in big profits.
Banking
Aussie finance sector’s big AI move
An industry-first agreement will look to protect one Australian fund’s workers in the age of ChatGPT with a new “gold standard”.
How Qatar’s Virgin stake will change aviation
Cashed-up Qatar will likely use Virgin as cover to get more flights into Australia, which ultimately means serious competition for travellers. But what does it mean for Qantas?
Aussie shares retreat on mining pullback
The Australian sharemarket retreated from record highs on Tuesday on a sharp sell-off in the mining sector.
Big change to savings accounts at major bank
One of the big four banks has slashed the interest rate on one of its most popular savings accounts unless customers comply with a new condition.
This is our moment: Telstra CEO maps out her AI vision
Vicki Brady says big telcos have once again found themselves at the front of a tech revolution.
Aussie shares snap three-day losing streak
The Australian sharemarket snapped a three-day losing streak on Thursday in a frothy rebound propelled by consumer stocks.
Fake Swift tickets, puppies: Aussie scam hotspots revealed
Scammers are targeting Aussies in alarming new ways, fleecing them of money. See which suburbs are being targeted, how to spot a scam and how to protect yourself.
Let’s make a deal: Platinum issues three tests for Regal
Phil King’s Regal Partners could be closer to grabbing the elusive fund manager Platinum than he realises.
Aussie shares dip lower on big bank fall
The Aussie sharemarket dipped lower on Wednesday as bank stocks tumbled.
Big bank’s record-breaking fine
One of Australia’s largest banks has been slapped with a record-breaking multimillion-dollar fine.
RBA will be late to rate cut party, but it’s on the way
Michele Bullock marked her first year anniversary as the central bank governor with a shift in tone.
Aussie shares dip on hawkish Bullock
The sharemarket dipped lower on Tuesday as the RBA delivered some hawkish rhetoric on interest rates, even as the miners boomed on fresh Chinese support.
‘Fake discounts’ a serious test of trust for Coles, Woolies
The ACCC’s claims are as damaging as they can get. But the regulator needs to be careful not to buy into the emotion around price gouging.
Massive Aussie bank rip off exposed
Countless Australian mortgage holders are being slugged an extra $6000 per year by their bank – for one infuriating and unnecessary reason.
Dire warning over Aussie interest rates
An economist has issued a dire prediction about the “really dangerous” interest rates in Australia on the eve of the Reserve Bank’s rates decision.
Olivia Wirth’s Myer revival hinges on it all coming together
The former Qantas executive has moved at lightning speed in her first 100 days in charge of the retailer. This is where she wants to take it.
Aussies react to massive interest rate cut
The world’s biggest economy has just cut interest rates by a “jumbo” 50 basis points. Here’s what that means for Australia.
‘Jumbo’ Fed cut boosts Aussie shares
The Australian sharemarket booked a fresh record high on Thursday as investors celebrated the US Fed’s “jumbo” rate cut.
Big four bank’s controversial AI play
One of Australia’s big four banks is exploring the prospect of trialling an AI-style chatbot that could replace its call centre staff.
Trust between bosses and Albanese takes a hit
CEOs felt they went the extra mile by investing up big for Australia, only to be ambushed on industrial relations.
Aussie shares hit fresh record on Fed fever
The rate cut rally in Australian shares continued on Tuesday, with the local bourse hitting fresh highs once again as it booked a fourth consecutive session in the green.
Philippines’ deal shows Macquarie model in action
It’s not yet an AirTrunk, but Macquarie is looking to get on the ground floor with another digital infrastructure investment in Asia.
Anglo risks getting caught in the four traps it set for BHP
BHP boss Mike Henry has publicly moved on from Anglo American but the London-listed former target remains even more vulnerable.
New record high for Aussie shares
Growing jubilance around this week’s interest rate cut in the world’s largest economy propelled Aussie shares to a record high.
Casino regulator buries Bell probe into Star as doubts raised
Documents submitted to the Bell inquiry raise new questions over just how committed the NSW casino regulator had been in its part around Star’s reform efforts.
One group keeping cash alive in Australia
A new report has made surprising findings about the use of cash and the number of businesses accepting cash in Australia.
‘Blacklisting’: Big bank’s major change
One of Australia’s biggest banks has revealed a big change in how it handles fossil fuel companies in a bid to tackle climate change.
Bonuses back as ASX acts like nothing has happened
ASX’s chairman got $550,000, its now CEO got $3.8m and others such as the chief risk and finance officers were paid as though the unfolding train wreck is nothing more than a technical glitch.
Big bank’s great news for homeowners
Australia’s biggest bank has just delivered some heartening news for struggling mortgage holders.
Dark warning in CBA’s 9 billion profit reveal
Commonwealth Bank has revealed loan arrears are on the rise, as it posts a $9.48bn statutory profit for the full year.
Resilient consumer sector lifts Aussie shares
Bumper results from a bellwether retail giant injected renewed confidence into the Aussie sharemarket on Monday.
‘False prophets’: RBA deputy’s warning
A man at the top of the Reserve Bank of Australia has warned Aussies against “false prophets” who claim to know what will happen in the future.
The five big mistakes inside the Qantas boardroom
A forensic look at Qantas’s failings finds the overriding theme was a dominant, long-term CEO who called all the shots in the face of a weak board.
Banker ‘destroyed’ by 120 fraud charges
A former bank employee’s life has been “destroyed” by allegations she defrauded multiple banks out of tens of thousands of dollars, a court has been told.
Coal king Glencore rewrites the rules on ESG
Glencore is reframing the debate on coal’s future. Some of Australia’s biggest investors will be quietly cheering the miner on.
Inside Coles’ mighty $1bn bet on supermarket competition
The Australian got a look at Coles’s ultra-high-tech new warehouse that has just given it the edge over rival Woolworths.
‘Not on agenda’: RBA’s grim rate cut outlook
Mortgage holders have been given a reprieve after the Reserve Bank kept interest rates on hold at 4.35 per cent, but should not expect a cut anytime soon.
‘Not on agenda’: RBA’s grim rate cut outlook
Mortgage holders have been given a reprieve after the Reserve Bank kept interest rates on hold at 4.35 per cent, but should not expect a cut anytime soon.
Major bank shuts down troubled lender
One of Australia’s banking giants has shut down a home loan lender, ending a 33-year-run for the troubled business.
Deep dive: Aussie shares thumped by global currents
The reality is Australia is being thumped by an international arm wrestle over interest rates. The sheer weight of global capital being readjusted means investors just need to buckle up.
Workers told to get back into offices
The largest employer in the country has ordered its staff to get back into the office as working from home appears done for good.
How to save $8500 a year in tax
A financial expert has revealed a genius way to save $8500 a year in tax by making some simple changes.
‘Nowhere to hide’: ASX loses $59bn
There was ‘nowhere to hide’ for traders on Friday as the ASX saw $59bn evaporate by the closing bell.
Inflation news none of us saw coming
Inflation has hit 3.8 per cent for the June quarter, but some economists say that figure has given the Reserve Bank room to keep rates on hold.
Tough new code to stop online scammers
The Albanese government will force social media companies, banks and telcos to comply with new codes aimed at fighting scammers online.
Aussie shares retreat on mining slump
The sharemarket retreated on Tuesday on the back of a sharp mining slump.
Simple way Aussies can save $200m
With one simple act, a common financial gripe can be avoided and Australians can save $200m a year, the consumer watchdog says.
Lender desperate Aussies are turning to
A growing number of Australians are turning to a lender that finances people the major banks deem too risky.
Four bids for Star casino jackpot
Interested international parties were circling in recent weeks, with one US player taking a serious look, but a billionaire holds all the cards on the casino’s future.
Original URL: https://www.adelaidenow.com.au/business/companies/banking