Real housing stress is rising in the shadows
One of the biggest warning signs around housing stress quietly flicked to amber in recent days. And it wasn’t inside the banks.
Banking
Shopper rages over Woolies cash claim
As the need for cash debate continues, a Woolworths shopper has shared his anger after he was allegedly refused a big cash out.
The big themes shaping Australia’s $300bn fund
Australia’s biggest pot of investment funds is quietly reshaping its vast investment portfolio to navigate a choppy year ahead.
ANZ tells customer she can’t have cash
A Queensland mum was left stunned after her bank told her she could not withdraw cash. It’s a sign of a much bigger problem.
More Stories
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.
CBA, ANZ offer ‘extremely poor’ insurance
The corporate regulator is threatening legal action over an insurance it says “has consistently failed consumers” but two banks continue to offer the product.
Original URL: https://www.heraldsun.com.au/business/companies/banking/page/196