Yesterday
NAB boss Andrew Irvine admits to ‘difficult’ week amid board scrutiny
The chief executive has pledged to improve after the board intervened last week in response to investor concerns about his leadership style.
This Month
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.
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.
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”.
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.
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.