‘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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Exact salary you need to buy a house
Real estate prices in Australia may be coming down but you still might not be earning enough to get onto the property ladder.
Mortgages are about to cost you more
The biggest change from the royal commission could see a ‘festival of fees’ and higher interest rates.
Lavish life of NAB bank chief of staff
Luxury lifestyles of Australia’s “worst bank” staffers as the National Australia Bank’s culture of extravagance for big spenders is revealed.
Departing bank boss’s big regret
Outgoing NAB chairman Ken Henry has revealed why he resigned after the royal commission. And the now infamous exchange he regrets.
Man that could lead troubled NAB
He was once Australia’s most popular politician and now he could be in line for the lucrative role of chief executive at the troubled bank, currently worth $4.3 million a year.
‘We don’t want to create a crisis’
The banking royal commission reserved its harshest criticism for NAB chief executive Andrew Thornburn and chair Ken Henry, and now both have quit.
Ken Henry: ‘I should have been more open’
Outgoing NAB chairman Ken Henry has admitted his performance on the stand during the royal commission into the banking sector was uncomfortable to remember.
RBA governor signals interest rate cut
After a year in which the markets expected interest rates to rise, the Reserve Bank of Australia’s governor has revealed the official cash rate now has a 50-50 chance of being slashed to a record low.
Commonwealth Bank’s staggering profit
Australia’s biggest bank recorded a massive profit less than two days after the royal commission’s final report was handed down.
Bank boss ‘can’t confirm’ he’ll keep job
NAB CEO Andrew Thorburn doesn’t know if he’ll still have a job by the week’s end after being slammed in the royal commission’s final report.
Original URL: https://www.dailytelegraph.com.au/business/companies/banking/page/195