Today
Westpac’s Peter King keeps his promise on Tiwi Islands consultation
The outgoing CEO had said at last year’s AGM that he would to visit Indigenous leaders on country to listen to concerns about Santos’ Barossa gas project.
- 55 mins ago
- James Eyers
Yesterday
NAB calls for lower home loan buffer to help first-time buyers
In a submission to the Senate inquiry, NAB says dropping HECS-HELP debt from serviceability calculations for first home buyers would boost borrowing capacity.
- James Eyers
- Updated
- Executive shake-up
CBA shuffles executive team as it looks for next generation of leaders
Andrew Hinchliff will become chief risk officer and Sinead Taylor will run the institutional bank, amid other leadership changes unveiled on Wednesday.
- Updated
- James Eyers
September
Apple, Google respond to payment cost heat by backing eftpos
The US tech giants will enable “least-cost routing” for new cards on their smartphones to try to help merchants save costs by avoiding Visa and Mastercard.
- James Eyers
US to sue Visa over debit card fees
The US Justice Department is preparing to file a lawsuit against the payments giant over alleged anticompetitive behaviour.
- Lauren Hirsch and David McCabe
RBA warms to its own digital currency – but only for other banks
The central bank says it could save billions of dollars by making transactions faster. But it has decided digital cash for the public is far riskier.
- James Eyers
- Opinion
- Chanticleer
Meet Australia’s riskiest mortgage customers
The wave of mortgage refinancing that has occurred in the past two years is now starting to show up in loan delinquencies.
- James Thomson
Corporate Australia mourns former BT boss Rob Ferguson
His Bankers Trust colleague Chris Corrigan remembered him as “an individual thinker with an inquiring mind, who never lost his curiosity about how the world works”.
- Updated
- Joshua Peach
- Updated
- Executive shake-up
Westpac’s new boss Anthony Miller sets down his vision
The former Deutsche Bank and Goldman Sachs investment banker, who joined Westpac in 2020, will succeed 30-year veteran Peter King in December.
- Updated
- James Eyers and Lucas Baird
- Opinion
- Chanticleer
Westpac’s accidental CEO hands successor a potential booby trap
Outgoing boss Peter King has been impressive turning the bank around after a scandal. But his replacement Anthony Miller has one tricky repair job to execute.
- James Thomson
Why you pay $5.08 for a $5 coffee
The notoriously complex area of retail payment costs is in the political spotlight, and set to force a response from the central bank. Here’s how it works.
- James Eyers
How this former teacher became CEO of a $540m company
Jon Davey, chief executive of payments provider Tyro Payments, became a teacher after finishing school but realised it wasn’t for him.
- Sally Patten
- Exclusive
- Home loans
ING not afraid to use home loan brokers to catch Bendigo and Adelaide
The Dutch-owned bank writes between “85 and 90 per cent” of its new mortgages via the broking channel in Australia, says chief executive Melanie Evans.
- Lucas Baird
Cuscal considers IPO plans after recording a surge in earnings
The payments processor owned by mutual banks and credit unions is lining up meetings with prospective investors as it attempts to hit the ASX before Christmas.
- James Eyers
- Opinion
- Chanticleer
The big banks are about to strangle their golden goose
Institutions big and little have stormed into business banking in the past five years, attracted by strong growth and fat margins. But the party might be over.
- James Thomson
August
- Opinion
- Chanticleer
The real message in Comyn’s swipe at cartoonish Canberra
Matt Comyn’s frustration is not just aimed at the Greens’ populist tax hit. It’s about the erosion of trust caused by fact-free claims and populist policies.
- James Thomson
'Fact free rhetoric' eroding public trust in our public institutions, says Comyn
CBA boss Matt Comyn says that there is a false narrative that businesses are gouging their costumers, and it's damaging trust in Australian brands.
- Updated
Mastercard argues cash costs more than card in bid to stymie fee limit
A Boston Consulting Group report commissioned by the global payments giant has found there are plenty of “hidden” costs to using cash, which could be reduced.
- James Eyers
APRA wants ANZ bonus scalps over bond scandal
John Lonsdale expects ANZ’s board to apply a new remuneration standard, which came into force last year, to impose pay penalties over “non-financial risks”.
- James Eyers, Jonathan Shapiro, Hannah Wootton and Lucas Baird
The window to make decent money on term deposits is fast closing
Banks have already started cutting interest rates anticipating the Reserve Bank’s next move, but there are still reasonable deals to be found.
- Michelle Bowes