Cruel truth behind vanishing bank branches
A string of bank branch closures in major cities marks a devastating shift due to impact millions of Aussies.
Banking
Glaring problem if nation goes cashless
Bob Katter’s embarrassment at having his cash refused at a cafe has highlighted a glaring problem with Australia’s move towards being a cashless society.
ASX down overall for the week
It was a mixed day for the Australian sharemarket, which was down overall for the week.
Tech, banking help ASX close higher
The Australian sharemarket made gains on Thursday in sectors including technology, banking and utilities.
Why this toll road boss faces a reputational crash
From Rozelle Interchange to price hikes, there’s a backlash brewing for new Transurban chief executive Michelle Jablko.
NAB now navigates risks of rock star CEO’s final act
Can NAB keep its momentum coming out of the royal commission following the exit of hardened bank boss Ross McEwan?
Red flags to avoid on Valentine’s Day
One of Australia’s biggest banks has issued an urgent warning to stay vigilant ahead of a day that attracts heartbreaking scams.
Big bank boss to step down
The chief executive has announced he will walk away from the top job after four years with the big four bank.
‘Inflation hurting’: RBA boss on rate call
The RBA has kept interest rates on hold, but won’t rule out further increases to the cash rate.
Wild stat shows push towards cashless
Aussies know bank branches are shutting down rapidly, but the closure statistic for one of Australia’s big four banks is truly mind-boggling.
‘Positive signs’: ASX resets record high
Australian shares surged on Friday to reach a fresh record just two days after closing at a previous all-time high.
No deal: How Rio kept Russian partner at bay
A court has backed Rio’s refusal to deal with Russian steel giant Rusal in a battle over Gladstone aluminium.
ASX dives as Fed dampens rate cut hopes
After climbing to a record high on Wednesday, the share market lost ground as US Federal reserve chair Jerome Powell warned rate cuts by March were “unlikely”.
‘Call an ambulance’: Inside the banking royal commission
There were many shocking moments in the banking royal commission but one of the most dramatic resulted in a dash to hospital. Five years on, we take you behind the scenes of the inquiry and what’s changed since.
How the banking royal commission changed everything
In the five years since the final report of the landmark financial inquiry was delivered, the big banks are still finding their way.
Rare $1 coin could be worth thousands
Aussies are being urged to check their loose change as a $1 coin could be worth thousands because of this unusual feature.
Big four bank to close dozens of branches
The major bank claims the closures are due to more people choosing to bank online or over the phone.
Couple saved from insane $40k scam
A Tasmanian couple have been saved from being scammed out of their life savings after a bank teller noticed red flags online.
Aussie bank to go ‘almost solely digital’
A major Aussie bank has announced the closure of a slew of branches as it urges its customers towards an “almost solely digital” future.
‘No cash’: Aussie’s fury after 130km bank trip
A rural customer has blasted a major bank for refusing cash withdrawals despite the fact he and his wife had to drive a significant distance.
US Fed more powerful than Trump White House race
Wall Street is starting to war game a Trump-Biden presidential rematch, but the $1 trillion Blackstone says one force is bigger than both.
ASX books three-day winning streak
Buoyed by a rally in health care stocks and a positive lead from Wall Street, the local market climbed for a third straight session – its longest for the year.
How Gen Z is saving thousands
Young Aussies are stashing away thousands every year by using a simple budgeting hack.
How high can CBA shares go?
Banks are tipped to book lower profits this year, but CommBank’s share price defies expectations – pleasing its 800,000 shareholders.
Aussie bank slapped with hefty fine
An Aussie bank has been whacked with almost $1m in fines after admitting to providing false representations to customers about their home loans.
Shock number reveals Aussie scam problem
One of the big four banks has revealed the massive extent of scams in Australia after customers “abandoned” millions of dollars in sales.
Customers hit out at fees for teller service
Charging exorbitant fees for one particular service is the latest tactic Australia’s biggest banks are using to drive customers from branches, some have claimed.
ASX sinks as miners, energy stocks fall
The ASX benchmark sank on Monday as falls in key commodity prices pushed major energy and mining companies lower.
One thing Aussies ditching in droves
Cash is no longer king, a new survey has found, with less than one in 10 consumer payments made with notes and coins.
Aussies warned to brace for more rate pain
A finance expert has urged Australians to be prepared for interest rates to rise again in the near future, as the country battles a worsening cost of living crisis.
‘Our money’: ANZ slammed over withdrawals
Angry customers have hit out at ANZ, accusing the bank of deliberately making it difficult for them to access their own money and “interrogating” them about why they want it.
$100m push to protect millions of Aussies
Australia’s biggest banks have launched a multimillion-dollar overhaul for online payment systems aimed at protecting people from fraudsters and identity scams.
Surprise Aussie retailer rated ‘most reliable’
One Aussie brand has emerged as the clear leader when it comes to a new customer experience report for 2023, and none of the Big Four banks or leading supermarkets made the cut.
AusSuper to vote against new Origin deal
Origin Energy’s largest shareholder, AustralianSuper, plans to reject new takeover offers tabled by Brookfield and EIG in the latest blow for the foreign consortium.
Former staff blow lid off ANZ’s claims
ANZ said a whistleblower’s account of the bank’s tactics to reduce branch transactions wasn’t accurate. Former staff tell a different story.
Common prank will ‘mess up your life’
A Sydney lawyer has issued a dire warning about incorrectly labelling bank transactions as a ‘joke” saying it can “mess up your life”.
Customers fuming over ANZ scandal
ANZ customers have hit out at the lack of service after a former employee blew the whistle on the “forceful” tactics used to drive them out of branches.
‘Fudged’: ANZ called out over branch closures
A banking industry whistleblower has sensationally claimed ANZ has “fudged” its statistics in order to justify branch closures.
AusSuper’s Origin stake pushes past 17pc
Just days out from a vote to determine the fate of the $20bn bid for Origin Energy, AustralianSuper has momentum in its efforts to spoil the party.
Optus parent breaks silence on outage
The parent company behind Optus has denied responsibility for the crippling outage, one day before CEO Kelly Bayer Rosmarin fronts a Senate hearing into the failure.
Australia’s $3 billion problem exposed
It’s costing Australians nearly $3 billion every year, and the key to solving it might lie with our British mates.
Optus misses mark during closed analyst briefing
LISTEN | Kelly Bayer Rosmarin was caught between customers and selling the telco’s strategy.
‘Too hot’: Costello confronts nation’s migration dilemma
The pro-immigration former Treasurer has made an important contribution to the economic debate around migration.
Why ANZ’s chief is taking the slow lane in digital race
Digital is the last piece of the puzzle for chief executive Shayne Elliott. Finally his new bank is taking shape.
Big change to CommBank tomorrow
Some Sydney-based contractors, as well as other permanent roles, to go in job losses that have left staff “anxious for updates for months on end”.
Major bank reveals $7bn profit
Banking giant ANZ has revealed a whopping $7bn profit despite a “challenging” environment.
Dire income outlook for Aussie households
The Reserve Bank’s latest quarterly statement has painted a grim picture for Aussies hoping for relief from soaring inflation rates.
How big companies avoided paying tax
Mining giants and banks coughed up the most tax in 2021-22, but more than 800 companies paid nothing at all, according to the Australian Taxation Office.
Last Big Bank smacks Aussie homeowners
Australia’s biggest bank is the last of the Big Four to slug Aussie homeowners with another lift in interest rates. Here’s how much you’ll pay.
Why NAB’s strength is also its biggest weakness
More than any other bank, NAB needs the economy to stay on track. And boss Ross McEwan knows it.
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