‘Nowhere to hide’: ASX loses $59bn
There was ‘nowhere to hide’ for traders on Friday as the ASX saw $59bn evaporate by the closing bell.
There was ‘nowhere to hide’ for traders on Friday as the ASX saw $59bn evaporate by the closing bell.
Inflation has hit 3.8 per cent for the June quarter, but some economists say that figure has given the Reserve Bank room to keep rates on hold.
The Albanese government will force social media companies, banks and telcos to comply with new codes aimed at fighting scammers online.
The sharemarket retreated on Tuesday on the back of a sharp mining slump.
With one simple act, a common financial gripe can be avoided and Australians can save $200m a year, the consumer watchdog says.
A growing number of Australians are turning to a lender that finances people the major banks deem too risky.
The Australian sharemarket slumped into a sea of red on Thursday as a gruesome tech rout on Wall St crippled confidence.
A Queensland couple thought they were investing their cash safely, but when their bank got involved, they learned how close they’d been to losing a small fortune.
One of Australia’s biggest banks has just delivered a big gift to Aussies desperate to lock down a home of their own.
A glamorous former bank employee has scored a win as she prepares to fight allegations she used her role to defraud banks.
The fallout from the CrowdStrike global tech outage and US President Joe Biden’s decision not to run again have helped push down the Australian sharemarket on Monday.
An alarming number of mortgage holders might need to sell their home, should interest rates stay elevated into next year, new research has revealed.
Computer systems at businesses across the Australian economy could be dealing with the fallout from the Microsoft outage for weeks to come.
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.
One of Australia’s largest banks has crunched the numbers to show Aussies are pulling back on streamers and ‘micro treats’ to maintain spending on the two key things that are most important to them.
The Australian sharemarket lifted on Wednesday on the back of a rising Wall St bull run.
Some dark economic data out of China triggered a sell-off in heavyweight mining stocks on Tuesday, pulling the Aussie market down from record highs.
Australia’s big four banks have loaned more than $3.6 billion to fossil fuels projects and companies in 2023.
Aussies shares continued to rally higher on Monday, crossing the 8000 threshold for the first time in history on speculation of imminent rate cuts in the US.
The Australian sharemarket has closed out the week on a record high as investors position themselves for imminent US Federal Reserve rate cuts.
The benchmark ASX200 has flown close to record highs on Thursday following a huge night of trading on Wall St.
A disturbing inequality between one group of Aussies and everyone else has been highlighted in a new report.
Mining stocks have weighed down the sharemarket again this week, with the benchmark ASX200 dipping into the red on Wednesday.
Australia will continue to provide support to its Pacific neighbours in order to bolster its ability to identify and stop money laundering.
Treasure Jim Chalmers has called on major Aussie banks to continue servicing Australia’s closest international neighbours, pledging $6.3m to help.
Demand in Australia’s housing market could be easing off, with a shock fall in new lending commitments.
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.
The Australian share market drifted lower in quiet trading on Friday as investors stepped cautiously before Wall St’s big Friday.
The consumer watchdog has granted interim approval for the multimillion-dollar deal to ensure the transport of cash across Australia.
Westpac has launched proceedings against an employee of another bank who allegedly used her role to defraud multiple banks to fund her lavish lifestyle.
Original URL: https://www.news.com.au/finance/business/banking/page/3