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.
Banking
CBA prepares to take on Wall Street’s biggest banks
The Australian bank has passed a staggering milestone. Can it continue to defy gravity?
Thousands affected by major bank outage
A major bank has resolved an outage after customers flooded social media with frustration when they couldn’t access accounts.
Big banks under constant cyber attack
One of Australia’s top banking executives has revealed the big four are under constant attack from cyber criminals.
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CBA slammed for gutting hundreds of jobs
Commonwealth Bank is under serious fire from the Finance Sector Union after reportedly cutting ties with over 200 workers.
RBA’s Lowe isn’t going down without a fight
It’s a case of careful what you wish for after a landmark RBA review pushed the central bank move faster on its inflation fight.
Desperate move to stop new bank collapse
US authorities are scrambling to stop a major bank form collapsing – which would be the second biggest bank failure in America.
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.
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.
Big bank’s surprise move for homeowners
After months of rate rises, one bank has made the choice to decrease a portion of its home loans.
Big bank on brink after $150bn withdrawn
There are worries a US bank that was only just saved from the same fate as Silicon Valley Bank could yet go under within days.
‘Don’t care’: More bank branches to close
The major banks are shuttering more bank branches across the country with calls for them to stop as they rake in “massive profits”.
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