Looming mortgage cliff for homeowners
Some homeowners face a 63 per cent increase in their monthly mortgage repayments as they are hit with much higher rates.
Banking
‘Slip-ups’: Fresh warning for Aussie savers
Interest rates on savings accounts are heading for record highs, but there’s usually a catch that Aussies should be aware of.
$560,000 sent to wrong bank account
An Aussie boss accidentally sent more than half a million dollars to the wrong bank account, but the owner hasn’t been found.
CBA staff threaten to quit over WFH mandate
Hundreds of CommBank employees have written to complain about being ordered back into the office, with some threatening to quit.
More Stories
Westpac’s landmark legal win affects all lenders
Westpac has won a legal battle against the corporate cop ASIC over claims the bank violated lending laws, but the ruling will affect all lenders.
400,000 NAB customers must watch for this letter
The National Australia Bank is notifying 400,000 customers of whether they are eligible to join a class action after being sold junk credit card and personal loan insurance.
CBA’s $1.2b royal commission wipe-out
Australia’s biggest bank has revealed the massive costs related to trying to win back trust after being dragged over the coals during the royal commission.
‘Sexually transmitted debt’ rife
Scores of Australians could be suffering from “sexually transmitted debt” or even worse — economic abuse. And yet, they may not even know it.
Fraser Anning facing bankruptcy
Former Senator Fraser Anning is facing a new blow three months after failing to secure re-election, with bankruptcy proceedings under way.
Aussies turn their backs on personal loans
The number of Aussies taking out personal loans has plunged to its lowest level since 2015 as consumers work to slash their debt. But experts say they still play a crucial role in “making life happen”.
Big Four’s offshoots offer better deals
Consumers may be missing out on stellar deals by banking with the major banks instead of considering the smaller institutions they own.
NAB admits thousands had data breached
National Australia Bank says it is contacting 13,000 customers after a breach of personal data was uploaded without permission, blaming “human error”.
$2.5m replacement for bank CEO
The NAB has announced a new chief executive to replace Andrew Thorburn, who resigned after being shamed by the royal commission.
Fresh blow to struggling AMP
AMP says it is unlikely to pay shareholders this year in anticipation the $3.3 billion sale of its wealth protection business will fall through.
Original URL: https://www.dailytelegraph.com.au/business/companies/banking/page/194