Banks profit $200k from single mortgage
The big four banks are profiting a huge $200k off the average Aussie mortgage by charging higher than neccesary interest rates, new research has found.
Banking
‘Almost criminal’: Bank’s $18k move slammed
A Brisbane woman has accused a major bank of “disgusting” behaviour after it froze access to her elderly mother’s account.
After AirTrunk high, what comes next for Macquarie?
An earnings miss; a watered-down outlook; and an effective dividend cut. It was a rare trifecta of negatives for the bank. Who’s game to bet against it?
Scammers warning after major bank outage
Customers at a major Australian bank have been warned to ignore scammers trying to take advantage of a near day-long outage.
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Millions to save banks in key security region
Treasure Jim Chalmers has called on major Aussie banks to continue servicing Australia’s closest international neighbours, pledging $6.3m to help.
Slip shows dark turn in Aussie housing
Demand in Australia’s housing market could be easing off, with a shock fall in new lending commitments.
Fears Pacific countries could lose banks
Heads of state and senior banking executives will convene in Brisbane for a two-day forum to address concerns banks could pull out of Australia’s Pacific neighbours.
AusPost turns tables in $1bn battle with big banks
Paul Graham is seizing the moment to keep Australia Post delivering. This time he wants banks to be part of the solution.
Aussie shares dip in wait for US open
The Australian share market drifted lower in quiet trading on Friday as investors stepped cautiously before Wall St’s big Friday.
Huge development for future of Aussie cash
The consumer watchdog has granted interim approval for the multimillion-dollar deal to ensure the transport of cash across Australia.
Invisible ASIC has become too big to regulate
The powerful corporate cop is doing too much, and most of it is small fry in a field where unglamorous corporate crime busting has a visibility issue.
Westpac takes on allegedly crooked banker
Westpac has launched proceedings against an employee of another bank who allegedly used her role to defraud multiple banks to fund her lavish lifestyle.
Bendigo’s board put costs at centre of CEO challenge
Incoming CEO Richard Fennell will need to quickly prove he isn’t just another product of the Bendigo culture that has had greater tolerance for costs than the bank’s investors.
CBA prepares to take on Wall Street’s biggest banks
The Australian bank has passed a staggering milestone. Can it continue to defy gravity?
Original URL: https://www.dailytelegraph.com.au/business/companies/banking/page/29