‘Fat cats’: Major bank cuts Aussie jobs
Commonwealth Bank has been slammed over announced Australian job cuts, accusing senior “fat cats” of having no concerns over the decision.
Banking
Family lost $200k after phone call
The Sydney family are “devastated” by the disappearance of their life savings and can’t afford groceries and even face having to sell their home.
Chalmers heads overseas for key meetings
Federal Treasurer Jim Chalmers says key meetings in the US this week will help shape the government’s response to global economic issues in the May budget.
How Greece is turning investing on its head
When most people think of emerging markets the first thing that comes to mind is the meltdown of the Asian currency crisis. It’s time to think again.
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Bank boss gets golden handshake
He came under withering fire during the royal commission. Now NAB chief executive Andrew Thorburn is getting a golden handshake.
PM slams Labor’s ‘15 minute’ bank fix
Scott Morrison has criticised Labor’s push for him to make changes after the banking royal commission before the federal election.
Wheelchair-bound mum’s CBA loan bungle
A wheelchair-bound mother has been refused a bank loan after a bungle with her financial details that left her with black marks against her name that didn’t belong to her.
Billionaire’s embarrassing bitcoin backdown
A major bank will become the first of its kind to issue its own form of crypto, less than 18 months after its boss said the form of currency was “stupid”.
AMP profit plunges 97 per cent
Beleaguered wealth manager AMP’s profit has plummeted 97 per cent to just $28 million after taking a beating at the banking royal commission.
Brace for home-loan rate hikes
Home loan customers should prepare themselves for more interest rate increases in 2019. Here are the lenders who have already lifted variable rates this year.
Banks face whopping new punishments
Banks still dealing with the fallout from the royal commission are now facing the prospect of massively increased penalties for wrongdoing.
Mortgage brokers’ ‘Grim Reaper’ blitz
Mortgage brokers have launched a multimillion-dollar advertising blitz, reminiscent of the 1980s “Grim Reaper” AIDS commercial.
Call for immediate banking law changes
The government is being pushed to take “extra time” to push through law changes recommended in the banking royal commission.
Man swipes $1.4m using bank ‘flaw’
Qin Qisheng took advantage of an ATM glitch to fleece hundreds of thousands of dollars. But last year, his scam came to an abrupt end.
Original URL: https://www.dailytelegraph.com.au/business/companies/banking/page/193