Bizarre warning to staff at bank in chaos
Tens of thousands of bankers are wondering if they still have a job, but they’ve been told to go into work as if everything is business as usual.
Banking
The one thing Credit Suisse couldn’t save
UBS rises as Europe’s new megabank as Credit Suisse finally loses the trust of the market.
Mattress that led to mega-bank’s demise
Credit Suisse’s shock takeover may be due to recent events but the root cause of its woes goes back three decades – to a Sealy mattress.
‘As bad as it gets’: Warnings grow frantic
Financial experts are frantically ringing alarm bells as, they argue, the world slides towards a major new crisis comparable to the GFC.
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Why we say ‘no way’ to Huawei
Technology giant Huawei is so deeply embedded in Australia’s critical infrastructure the Chinese agency could bring the country to its knees in the event of a conflict.
Banking payment outages spark chaos
Furious customers stranded in shops are lashing out at Westpac and ANZ on social media saying they are unable to pay for their goods.
Investors hit back over bank bonuses
Three of Australia’s big four banks face the very realistic prospect of a spill vote during next year’s AGM season after shareholder revolts over executive pay.
Drastic move as home loan risk shifts
Australia’s banking regulator is backtracking on a cap it introduced on risky loans, but there are concerns it’s making the wrong move.
Big change coming for NAB exec pay
National Australia Bank is scrapping its controversial executive pay structure after more than 80 per cent of shareholders voted against it.
New credit card changes coming
Credit card providers have been forced to clean up the way they treat customers who are laden with plastic debt. This is how it will affect you.
Dodgy way banks slugged customers extra $850
The competition watchdog has slammed the banks for their “opaque” pricing strategies and revealed how they earned an extra billion dollars in profit after new regulations were imposed last year.
Bank’s ‘star chamber’ sacking overturned
Westpac has been ordered to reinstate a banker sacked for alleged “serious” breaches, including sending confidential customer information via personal email.
Man’s $300m revenge on banks
Taavet Hinrikus was losing thousands in fees until he came up with a genius way of “outsmarting” the banks — and making a fortune.
‘Arrogant’ bank boss’s privileged life
Twitter has erupted in fury about multi-millionaire “revered” NAB chairman Ken Henry’s “arrogant, scoffing” performance at the banking royal commission.
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