‘We’ll be toast within a decade’
THE head of Commonwealth Bank has revealed the “existential” threat he faces, saying if the business doesn’t act, “we’re toast”.
Banking
Emails expose ANZ’s ‘racism’
AN ANZ executive insulted billionaire couple Pankaj and Radhika Oswal in racist remarks, a court has heard.
Bank’s attitude cost us billions
THE ANZ bank and receivers disregarded Pankaj and Radhika Oswal’s interests when selling their stake in the business they founded.
Lower rewards are on the cards
A SIDE effect of the Reserve Bank’s crackdown on excessive credit card surcharges is likely to be fewer benefits for people who chase rewards points.
Tradie finds $123m after glitch
MATTHEW Pearce was having a normal day until he found $123 million in his account. But his bank wasn’t in a rush to get it back.
‘I describe it as a slow death’
WHEN a 28-year-old economics graduate was told he would be unable to hold a coffee cup, he turned his disadvantage into gold.
Postcodes to affect more home loans
MORE banks are expected to change their rules around mortgages for apartments, and postcodes are coming into play.
ANZ Bank slashes hundreds of jobs
ANZ Bank is cutting hundreds of Australian jobs, blaming tough economic conditions and low lending growth.
Secret that could spark meltdown
YOU DON’T need a “good job” to get a mortgage if your loan documents boost your salary by $288,000. But the consequences are frightening.
Fraud scandal hits Westpac, ANZ
LOAN fraud allegations hit two of Australia’s major banks, amid claims that dodgy mortgage brokers are helping Chinese buyers get home loans with fake documents.
ANZ boss defends profit slump
ANZ has cut its dividend for the first time since the global financial crisis after a dramatic first-half profit slump.
Westpac shuts out foreign property buyers
FIRST-home buyers have been given a glimmer of hope of cracking into the property market after another major bank announced it was banning non-resident borrowers.
Banking regulator ‘to do more with less’
CONSUMER advocates have warned that ASIC’s new powers will be costly to enforce, meaning the $127.2 million funding may not be enough.
Crackdown on big banks’ bad behaviour
THE government will today announce plans to smack down the big banks after a series of scandals have gripped the financial sector.
Call to stop big banks’ ‘illegal’ practices
LABOR has pledged to “stand up for consumers” and has called for a royal commission into banks’ “illegal and unethical” practices.
Behind the biggest leak in history
A SECRET global network spent months digging into the hidden offshore dealings of the rich and famous. This is how they cracked the case.
ANZ to refund customers $5 million
ANZ will refund about $5 million to 25,000 customers after wrongly charging them account fees and penalties.
Banker charged over $126 million fraud
HE HAD the world at his feet, but sacked banker Andrew Caspersen is staring down the barrel of a 40 years jail term over an alleged $126 million fraud.
Banks clawing back on rewards
SOME of the nation’s big banks are scaling back their credit card rewards programs by drastically shaving back the points value.
Aussies being gouged on ATM fees
BANKS and independent ATM providers are gouging over half a billion dollars in unnecessary ATM fees from Australians each year.
Bank’s statement of pure greed
MILLIONS of banking customers are the latest to be hit with exorbitant charges for something that should cost practically nothing.
Bank’s statement of pure greed
MILLIONS of banking customers are the latest to be hit with exorbitant charges for something that should cost practically nothing.
‘Fraudster ruined our retirement’
LIVING in a caravan in their 60s was not what Niels and Joyce Peterson pictured for their retirement. That’s why they’re suing the Bank of Queensland.
ANZ Bank bungle hits 1.3 million people
SUPER contributions were paid into the wrong account for up to a year for ANZ customers, with the bank now announcing an independent review.
ANZ to defend rate rigging allegations
AUSTRALIA’S corporate regulator has started legal action against ANZ for alleged involvement in interest rate rigging among the big four banks.
Housing time bomb waiting to happen
ALMOST $2.8 billion in home loans have been handed out by banks to clients who were deemed unable to repay the loans, prompting a warning.
Home loans repaid at record pace
MONEY-conscious home loan customers are taking advantage of the low interest rates by pumping extra cash into their loans at a record speed.
Massive loans failing Aussies
SIMONE and Shane James are $2.3 million in debt after a property investment went wrong. They join a growing number of Aussies struggling with massive loans.
CommBank’s record $4.8bn profit
COMMONWEALTH Bank’s decision to squeeze homeowners with higher mortgage rates in October has paid off for shareholders.
ANZ fees fight goes to High Court
AUSTRALIA’S biggest consumer class action is having its day in the High Court. Who will win — the ANZ, or thousands of the bank’s customers?
Original URL: https://www.news.com.au/finance/business/banking/page/54