‘Failed too many’: Insurers lashed on floods
A parliamentary inquiry into the response of insurers to severe floods in several states in 2022 had let down many victims by failing to meet their obligations.
Banking
China spooks ASX from record high
The ASX 200 has fallen from a record high, as investors are disappointed with the economic growth of Australia’s largest trading partner.
Aussies slugged online with this hidden fee
Australians shopping globally online are being charged a hidden fee, leading to calls for the Albanese government to extend its action on dodgy practices.
Millions lose access to cash after bank move
The big four banks have rolled out a controversial change to the way Australians can access their hard-earned cash.
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Aussie crisis drives job loss fears
Aussies and business are growing increasingly fearful of a stagnating economy, with new concerns about potential job losses.
Chalmers’ surprise next move to reform RBA
Attempts to overhaul the RBA through bipartisan support have been quashed, but the Treasurer has suggested he’ll seek the backing of a surprise group.
‘Trust’: Major bank reveals new CEO
Westpac has announced its new chief executive, who has a vision to return the big-four bank to a “position of leadership”.
Holding all the cards: Inside the battle to save Star
There are three options being mulled by the casino’s board. All of them are equally brutal.
Howard Marks’ rule for markets: Invest long, fail smart
It might sound counterintuitive to many but the Oaktree co-founder’s motto in a rising market is ‘don’t just do something – sit there’.
Major bank slashes fixed interest rates
An Aussie bank has cut most of its fixed rate loans by up to 0.5 per cent in welcomed relief for prospective homeowners who are eyeing off a potential cut in the cash cut in the coming months.
Banks, insurers ‘price gouging’ Aussies: union
The cost of managing your money, getting a loan, and insuring your possessions has gone up way more than the actual inflation rate in the past year.
Urgent ATM warning for Aussie cash users
Two people will likely be deported after being caught running a scam putting card-reading devices into the card slots of ATMs.
ASX finishes month on positive note
The Aussie share market finished the week, and the reporting month of August, in the green as it marked the third straight week of gains.
Big four bank bosses tip Feb rate cut
Two out of the four chief executives of Australia’s major banks have tipped an early-2025 cash rate cut.
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