‘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.
Banking
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.
Bank’s arrogant move as it closes 2300 ATMs
CommBank raked in a staggering $9.8 billion profit for the 2024 financial year – and still tried to charge customers $3 to use their own money.
CBA’s major move on controversial cash fee
A proposed $3 fee on cash withdrawals from Commonwealth Bank branches for some customers has been paused in response to national fury.
Most trusted Aussie brands revealed
Despite using privacy-invading facial recognition cameras, a major retailer has held its spot as the No.1 most trusted Australian brand.
‘Not fair’: Gov wants to end $3 bank fee
The Albanese government has slammed a bank’s decision to charge customers a fee to withdraw money from their own accounts, claiming it “doesn’t seem fair”.
Woman loses fortune after single phone call
The Melbourne woman had more than enough money in her account to put down a house deposit with her soon-to-be husband. Then a single phone call up-ended her life.
Customers rage after bank exec’s interview
Ally Langdon grilled Angus Sullivan over CommBank’s controversial decision to slug customers with a $3 fee for withdrawing their own cash.
‘Contempt’: Katter unleashes on new bank fee
Maverick MP Bob Katter has joined the chorus of criticism against CommBank for imposing a $3 fee to withdraw cash from some accounts.
Aussie shares hit fresh record high
The Australian sharemarket cracked a fresh record high on Thursday on the back of a surge in the big banks and healthcare stocks.
Guest stuns Rogan with wild Biden claim
Dozens of tech founders have been targeted as part of a shadowy campaign waged by the Biden administration against its “political enemies”, a billionaire has claimed.
Banks failing against email scams, report
New research has revealed most Aussie banks are failing to fully protect customers from email and phishing scams.
‘Useless’: Outage hits major Aussie bank
Disgruntled customers have taken to social media to air their grievances after again being locked out of internet banking at a major bank.
How big 4 banks are foiling scammers
Major Aussie banks are teaming up to try to stop scammers before transactions have even left a victim’s account.
Customers left fuming over bank’s move
Residents in Greater Western Sydney have hit out at big banks for shutting branches without consultation, which an MP argued was “destroying the local business community”.
NAB faces legal action over 345 customers
National Australia Bank is facing federal court for allegedly failing 345 customers at their most vulnerable when they applied for hardship support.
Bank confirms worst news for homeowners
One of Australia’s big four banks has made a bold prediction about the future of interest rates, and it’s even worse than expected.
The uncertainty Trump creates ‘is his tactical advantage’
There are two fundamental traits to understand how Trump approaches dealmaking says former National Security Agency head Mike Rogers, who is now in high demand advising business.
Aussie bank makes astonishing rates call
One of Australia’s biggest financial institutions has reduced home loan interest rates, but there’s just one catch for potential customers.
ASX falls for third straight day
The ASX 200 fell by 0.8 per cent during Wednesday’s trading, as investors think through the implications of the second Trump presidency on Australia.
ASX closes in on record high
The Australian sharemarket traded strongly on Friday off the back of further rate cuts from the US central bank.
Major Aussie bank posts mammoth profit
One of Australia’s Big 4 banks has posted a mammoth statutory profit for the first financial year quarter, asserting the economy is “fundamentally sound” despite cost of living pressures.
China stimulus does little to lift ASX
The struggling Chinese economy has few rays of hope for Australian miners, as the big iron ore producers sink the ASX to a loss on Monday.
Big banks’ surprising mortgage call
Two of Australia’s big four banks say Aussies are finding a way to pay their mortgages despite cost-of-living pressures.
‘Challenging’: Big bank’s warning to Aussies
One of Australia’s biggest banks has warned of a “challenging” time for customers as it releases its full-year results.
Aussie shares surge on looming Trump shock
Aussie shares rallied on Wednesday as the US vote count rolled in showing former President Donald Trump on a clear pathway to victory.
ASX rallies on shock US poll
The Aussie share market rallied strongly off the back of an unexpected polling result out of the US.
Westpac’s brutal call on rates
Westpac has flagged the majority of mortgage holders don’t need a rate cut, as they have become accustomed to higher interest rate payments.
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.
‘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.
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.
Major bank’s new move on rates
A big four bank will reduce interest rates by up to 0.25 per cent, but you’ll need to meet this strict criteria.
CBA staff sent brutal return-to-office email
Commonwealth Bank staff have been issued a brutal warning from their employer, with the company threatening their pay over its return-to-office push.
Surprise surge in Aussie cash use
Amid rampant bank branch and ATM closures, new figures have revealed a surprising turn in the use of cash across Australia.
Big bank’s surprise Stage 3 tax cut reveal
Aussies have pocketed $6.4bn in extra income since July’s Stage 3 tax cuts, but what we’re doing with it might come as a surprise.
‘Mixed bag’: ASX trades sideways
The ASX 200 has again traded sideways on Thursday, after $48bn was wiped off the sharemarket during Tuesday’s trading.
Bank staff ‘break in’ to help customers
As customers of banks were left high and dry in Broken Hill’s blackout, staff of the locally-owned bank went to extremes to help customers.
Customers fume over big four bank’s closure
Customers have slammed a big four bank for its “outrageous disregard” after it closed a local branch, forcing them to drive 1.5 hours to do their banking.
Update after funds wiped from accounts
CommBank customers woke on Saturday to find funds had been taken from their accounts for transactions they had already paid for.
‘Failed too many’: Insurers lashed on floods
A parliamentary inquiry into the response of insurers to severe floods in several states in 2022 had let down many victims by failing to meet their obligations.
Original URL: https://www.news.com.au/finance/business/banking