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Angira Bharadwaj

Yesterday

ANZ chief executive Nuno Matos has been hosting town hall meetings across the country and overseas to bring home his message of change.

ANZ’s Nuno Matos reads riot act to staff, says culture must ‘pivot’

The newly installed chief executive has been holding a series of town hall forums and meeting government officials as he stamps his authority over the bank.

This Month

Tuong Lai Restaurant owner Bic Nguyen. The restaurant, in Sydney’s Cabramatta, prefers cash over card.

Tap and go? Credit cards? In these suburbs, cash is still king

More than 1 million people use banknotes and coins for their everyday payments, even as regulators and banks prepare for the day the country goes cashless.

Peter Fox, Armaguard group executive chairman, has rebutted the Reserve Bank’s pursuit of new powers to intervene in his monopoly cash distribution business.

Billionaire Fox family says RBA’s push on cash powers is ‘unusual’

Armaguard’s owners say they have no interest in selling the dominant banknote and coin transport business if banks and regulators agreed to “fair prices”.

An Armaguard van delivering Sydney. Cash payments are expected to fall to 4 per cent of transactions this decade.

RBA, Treasury push for powers to save cash from Armaguard collapse

The proposal, alongside the competition and market regulators, comes amid financial pressure on the monopoly cash delivery business owned by the Fox family.

Surcharging for goods from everyday items to coffee has been a growing impost for consumers. The RBA is proposing to ban those charges.

RBA proposes complete ban on card surcharging, saving shoppers $1.2b

In a blow to major banks, the RBA review also calls for interchange fees – paid between a merchant and a shopper’s bank – to be lowered significantly.

Original URL: https://www.afr.com/by/angira-bharadwaj-p5384r