Second biggest ever bank collapse hits US
A $20 billion last minute deal has seen the US’ largest bank buy one of its competitors in the second largest ever failure of an American bank.
Banking
Major banks to rake in $11.7b in profit
Australia’s big banks are predicted to reveal they have raked in their biggest earnings in the last 30 years.
Albo reacts to multibillion-dollar ‘obsession’
An obsession with “pork barrelling” has rendered Australia’s infrastructure pipeline ineffective, prompting a wide-scale review.
Major change coming for Aussie punters
A huge change is coming for Australian punters amid desperate calls for Labor to do more to crack down on gambling harm.
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Capital city apartment prices tumble
The apartment glut in Melbourne and Sydney is adding further pain to the market as buyers struggle to finance their off-the-plan purchases.
NAB customers hit by banking outage
National Australia Bank’s online and mobile sites went down leaving customers unable to access their money as the cause remained a mystery.
‘Stubborn’ banks issued firm warning
The nation’s top corporate cop has vowed to take big bank bosses to court in order to force change amid revelations that senior financial executives were reluctant to adjust their behaviour.
PM in massive mortgage backflip
Scott Morrison has defended allowing mortgage brokers to continue charging ongoing fees against the recommendation of the banking royal commission.
ING isn’t worried about house price falls
ING has shrugged off a falling housing market and a “difficult year” for the banking industry to post a 15 per cent increase in profit to $401 million.
Bendigo Bank goes offline
Bendigo Bank says eftpos and ATM services are functioning, but has given no indication when its electronic banking services will be restored.
Bouris: ‘Never seen it so difficult’
Home loan pioneer Mark Bouris has warned he has “never seen such difficult borrowing conditions” as Yellow Brick Road reports a loss of $34 million.
When did simple custom become so hard?
Depending which way you look at it, a new way to get children to do chores is genius or way too hard.
Shock claims of $40m NAB fraud
A woman has been arrested for an alleged corporate fraud scandal involving the National Australia Bank worth tens of millions of dollars.
Six years homeless after $165k loan
After falling behind on his $165,000 mortgage, Bill Heath was “cleaned out” by Westpac. Today, the 64-year-old lives in the bush, where it’s free.
Original URL: https://www.dailytelegraph.com.au/business/companies/banking/page/192