Big win for wannabe homeowners
A major hurdle for people with this type of debt has been lowered, making homeownership more realistic.
Banking
‘Crucial’ warning after mass super attack
The mass cyber attack on Australian superannuation funds had been ‘inevitable’, according to a security expert, who warns more attacks could follow in the coming days.
RBA’s stunning Trump warning for Aussies
The RBA has just delivered a stark warning that Donald Trump’s trade war could trigger disorder in the global economy and hammer Australians.
Major change coming to Virgin, Qatar flights
A major change is on the horizon for Virgin Australia and Qatar Airways after a new partnership was green-lit by the consumer watchdog.
Major banks’ grim news for savers
The major banks have slashed their deposits and savings rates, just days before the RBA will announce the nation’s official cash rate.
‘Problematic’: Warning to Aussie homeowners
Australian homeowners may have to resign themselves to higher mortgage payments as political tensions in the US continue to rise.
US tariffs threaten Australia’s soft landing
Australian businesses have been hit with a grim forecast for the year ahead, as US President Donald Trump implements his tariff plan.
Major bank reveals huge rate cut
A major bank has reduced its variable rates, as experts predict a ‘rates war’ between the big four lenders is about to heat up.
Trump shadow to hit Aussie growth
Australian economic growth will likely slow over the next two years, a leading forecaster has warned, as Trump’s tariff agenda shadows the world.
Royals replaced on new $5 Aussie bill
The new theme for the $5 bill has been revealed, swapping out British royalty for something closer to home.
ASX 200 snaps three day losing streak
Australia’s sharemarket snapped a three-day losing streak on the back of the major miners, as the price of gold and iron ore climbed throughout the trading day.
Australia urged to remain calm on Trump tariffs
The chief executive of one of the country’s largest banks said Australia should remain calm and use the Trump tariffs to our advantage.
Aussie shares tumble on Trump bloodbath
US President Donald Trump has sparked a bloodbath in global stock markets and Aussie shares were not immune on Tuesday.
Key group not helped by rate cut
A key group is yet to see real relief from the RBA’s recent rate cut, a big four bank has revealed.
Job cuts hit major Aussie bank
Australia’s biggest bank is expected to cut more than 100 jobs from its technology division.
Aussie shares slump on trade war fears
The Australian sharemarket booked a second consecutive day in the red on Wednesday as escalating global trade tensions continued to rattle investors.
‘Error’: Bank puts $81tr in someone’s account
A major bank was supposed to put $450 in a client’s account and got it horribly wrong.
Millions of Aussies to get rate cut today
Rate relief for millions of Australians starts on Friday as the first of the big four banks finally pass on the RBA’s rate cut to mortgage holders.
Bank boss makes huge cash call
Commonwealth Bank boss Matt Comyn has backed cash, saying his bank will provide it to customers even as customers preferences change.
‘Left behind’: Warning for Gen Z on WFH
The man leading America’s biggest bank has lashed out at Gen Z employees and work-from-home in a wild tirade. But where do Aussie banks stand?
Australia’s biggest super fund fined $27m
Australia’s biggest superannuation fund has been fined $27m for charging duplicate fees to tens of thousands of customers.
Major bank to move 190 Aussie jobs offshore
Big four bank Westpac will cut 190 Australian jobs in its customer solutions division and move them offshore just days after announcing a bumper profit.
NAB posts $18m-a-day profit
Anti-crime measures and wage costs have eaten into one of Australia’s major bank’s $18m-a-day profit.
Banks make $10m a day on slow rate cut
Going slow on rate cuts could be good for the major banks as they cash in millions for every day homeowners wait for a mortgage reduction to be passed on.
ASX tumbles on big bank, Woodside woes
A slump in the big banks and energy stocks pushed the Aussie market into the red on Tuesday, as the RBA struck a note of caution following its long-awaited rate cut.
RBA boss’ two words to Aussies after rate cut
Under-the-pump Australian homeowners have received a rate cut, but Michele Bullock has delivered a stark two-word warning about the future.
Westpac, Bendigo drag down ASX
Banks weighed on the ASX on Monday with disappointing earnings updates from Westpac and Bendigo Bank pushing the index to the red.
Big bank posts eye-watering profit
A major Australian bank has posted a massive three-month profit as it expects one thing to rise in the coming months.
Relief for millions of Westpac customers
Westpac customers are being urged to remain ‘vigilant’ for scams after its online banking services faced widespread outages.
Loophole costing Aussies at the checkout
Consumers are regularly paying more than they should to use their own money with a debit card, but current laws render the consumer watchdog useless to investigate.
Australia’s world-first move to stop scammers
Australia is fighting back against cyber security threats, and this world-first move against scammers is leading the way.
$95k homebuyer boost announced for Aus
Carrying a big student debt and can’t get a mortgage? See how much more you could borrow under new changes.
CBA announces eye-watering profits
CBA has announced an eye-watering half-yearly profit despite citing cost-of-living concerns for customers.
Surprising group targeted by scammers
One demographic has emerged as the most popular target for scammers – and it’s not who you would think.
HECS change coming to home buyers
Treasurer Jim Chalmers said new “commonsense clarifications” will help more Aussies buy a home.
Brutal call on Albo’s bush bank fix
The timing of a major announcement has been questioned as the Prime Minister looks to win over voters in key regional seats.
Aussie bank delivers huge card makeover
An Aussie bank has just dropped a huge update to its debit cards.
‘In a second’: Horror warning for Aussies
Australians are falling for scams within a matter of seconds, with a top cybercrime cop issuing a chilling warning.
‘Attack’: Aussie bank shuts 18 branches
An Aussie bank has been slammed for its “attack on regional communities” after announcing it will shut over a dozen branches from April.
Major bank’s huge interest rate move
One of the big four banks has made a major call ahead of any Reserve Bank of Australia decision to cut the cash rate.
Aussie banking boss drops bombshell
Former Queensland Premier Anna Bligh will retire from her role in the Australian Banking Association after eight years of lobbying for the major banks.
Bank bucks trend with bold move
As the major banks close more regional branches, one of the big four is taking a different approach for face-to-face dealings on Saturdays.
‘$0 to $399’: Bank slammed for crazy increase
An Australian man has been left gobsmacked after being alerted by his bank that his annual credit card fee had jumped from $0 to $399.
Major change to credit cards an Aussie first
An Australian bank has been the first mover Down Under to catch up with a key anti-scam development being used around the world.
Bankers’ warning to scam victims
The Australian banking lobby chief has revealed some customers are ignoring warnings about scammers, at an inquiry into new laws to help victims.
‘Sickening’: Family lost $1.1m in huge scam
Cyndy’s family lost $1.1 million to scammers. But she was shocked to uncover how Australia’s big four banks had facilitated the crime.
ASX jumps after volatile day of trading
The Aussie sharemarket closed up on a strong day of trading, as investors factor in the new US President and how his proposed tariffs will impact the market.
Major bank’s surprise move on rates
A major bank has reduced its fixed-rate mortgages just weeks out from the Reserve Bank’s official rate-cut decision.
‘Despicable’: Major Aus bank to close branches
Bank of Queensland confirms several branches will close its doors for the last time in a number of weeks.
Big bank’s call on rate cut
One of Australia’s big four banks has renewed its prediction for when the Reserve Bank will cut the cash rate, as spending dropped after the Black Friday sales.
‘Staggered’: Major catch for Aussie rate cut
With thousands of Aussie homeowners buckling under the weight of hefty repayments and the cost of living crisis, a financial expert has laid out his best tips going into 2025.
‘Red flags’: Top 5 scams targeting Aussies
From sextortion to cryptocurrency investment scams, here are the fresh ways scammers are trying to get money from Aussies.
‘Darker purpose’: Big claim on $2.50 cash fee
An Australian bank has been slammed for “cash grabbing” after launching a controversial $2.50 fee for customers accessing their own money.
Major bank’s huge interest rate call
NAB says the worst of the economic cycle could be behind us, predicting a number of rate cuts in 2025 to help households and business alike.
Major EFTPOS issue to hit Aussies in hours
Aussies are being warned they need to reinstall their cards on mobile and wearable devices or risk not being able to use them in just hours.
Bad news for cash in Aus in 2025
The ability to get and use cash is getting harder, prompting concerns that physical money faces an uncertain future in Australia – and that’s cause for concern.
SunRice booms on selling Aussie rice to the world
SunRice is well along the path of cracking more than $2bn and becoming one of Australia’s biggest food exporters – and investors have been piling in.
Major bank hit by outage on Christmas Eve
A major bank has restored services after an outage left customers unable to access their accounts on one of the busiest shopping days of the year.
RBA’s major clue on next rates decision
Struggling Aussie homeowners could get a rate cut sooner rather than later as the Reserve Bank says it is “increasingly confident” about a reduction.
Aussies set to rack up insane credit card debt
Cost of living pressures are causing Aussies to turn to credit this festive season, which experts predict could take years to pay back.
ASX snaps grim days-long losing streak
The ASX has surged back and broken a days-long losing streak – after better than expected inflationary data out of the US sent markets higher around the world.
Major bank’s huge $6.35m error
A major bank has apologised to thousands of its customers who were impacted by an error that led to them being massively overcharged.
Urgent warning for thousands of Aussies
Aussies are being warned to check their mobile and wearable payment devices or risk being unable to purchase items this New Year’s Eve.
ANZ boss’s staggering reaction to $3m bonus
Outgoing ANZ chief executive Shayne Elliott has made a huge call on his monumental bonus amid drama over the bank’s controversial year.
Infamous Aussie crypto figure dealt big blow
An Australian man who planted himself into one of the great mysteries of the digital age has been found in contempt of court.
Fury over bank’s ties to weapons company
Protesters have targeted ANZ bosses over the bank’s ties to the world’s largest weapons company and its funding of major polluters.
ASX trades flat ahead of US rate cut
The ASX 200 traded slightly down ahead of a major decision by the US Federal Reserve, just after the market hit a four-day high.
‘Profit over people’: NAB’s big regret
NAB bosses have acknowledged that its most vulnerable customers were left in the lurch as they faced angry shareholders over the bank’s failures.
Christmas gift Aussies could do without
Aussies are being slugged with an unwanted Christmas gift of higher home loan repayments, fresh figures show.
CommBank boss ‘unaware’ of $3 fee
The boss of Australia’s largest bank says he was unaware of the controversial $3 service fee being applied to one account before it was announced.
‘Team player’: Major bank’s CFO retires
Westpac has announced its chief financial officer is leaving the company just months after its chief executive announced his retirement.
ASX falls to fresh four-week low
The ASX 200 has continued to suffer major headaches amid falling iron ore prices – with the market falling to a fresh four-week low.
Bank sued, customers scammed out of $23m
The corporate watchdog is taking a multinational bank to the Federal Court over alleged failings to protect customers from scams.
Big bank’s surprise call on cost of living
Westpac says the peak of the cost of living crisis could be behind us with the number of Aussies needing the bank’s help to pay their loans falling.
RBA’s major Trump call after tariff spree
The Reserve Bank has made a major call on the potential impact of Donald Trump’s second presidency on the Australian economy.
Aussie shares slump on bank, tech rout
A sharp sell-off in banking and tech stocks pushed the Australian sharemarket into the red on Tuesday, even as the heavyweight mining sector soared.
‘Extensive experience’: ANZ picks new boss
One of Australia’s largest companies has found its new chief executive, an international banker of “calibre and extensive experience”.
Surprise reason for Aussie spending jump
A surprise jump in spending in major two areas has given early indications Aussies are starting to spend again, in spite of a high cost of living.
Outgoing senator’s new job revealed
A long-serving outgoing Coalition senator’s new role once he steps out of parliament has been revealed.
Huge warning over dodgy GST refunds
The Australian Taxation Office has issued a major warning amid their crackdown of business owners trying to cheat the GST system, following a huge spike in fraudulent claims.
Original URL: https://www.news.com.au/finance/business/banking