‘Blacklisting’: Big bank’s major change
One of Australia’s biggest banks has revealed a big change in how it handles fossil fuel companies in a bid to tackle climate change.
Banking
Big bank’s great news for homeowners
Australia’s biggest bank has just delivered some heartening news for struggling mortgage holders.
Dark warning in CBA’s 9 billion profit reveal
Commonwealth Bank has revealed loan arrears are on the rise, as it posts a $9.48bn statutory profit for the full year.
Resilient consumer sector lifts Aussie shares
Bumper results from a bellwether retail giant injected renewed confidence into the Aussie sharemarket on Monday.
‘False prophets’: RBA deputy’s warning
A man at the top of the Reserve Bank of Australia has warned Aussies against “false prophets” who claim to know what will happen in the future.
Banker ‘destroyed’ by 120 fraud charges
A former bank employee’s life has been “destroyed” by allegations she defrauded multiple banks out of tens of thousands of dollars, a court has been told.
‘Not on agenda’: RBA’s grim rate cut outlook
Mortgage holders have been given a reprieve after the Reserve Bank kept interest rates on hold at 4.35 per cent, but should not expect a cut anytime soon.
Major bank shuts down troubled lender
One of Australia’s banking giants has shut down a home loan lender, ending a 33-year-run for the troubled business.
Workers told to get back into offices
The largest employer in the country has ordered its staff to get back into the office as working from home appears done for good.
How to save $8500 a year in tax
A financial expert has revealed a genius way to save $8500 a year in tax by making some simple changes.
‘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.
Inflation news none of us saw coming
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.
Tough new code to stop online scammers
The Albanese government will force social media companies, banks and telcos to comply with new codes aimed at fighting scammers online.
Aussie shares retreat on mining slump
The sharemarket retreated on Tuesday on the back of a sharp mining slump.
Simple way Aussies can save $200m
With one simple act, a common financial gripe can be avoided and Australians can save $200m a year, the consumer watchdog says.
Lender desperate Aussies are turning to
A growing number of Australians are turning to a lender that finances people the major banks deem too risky.
Aussie shares dive on Wall St bloodbath
The Australian sharemarket slumped into a sea of red on Thursday as a gruesome tech rout on Wall St crippled confidence.
Horror reason couple nearly lost $350k
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.
Big bank’s shock gift to home buyers
One of Australia’s biggest banks has just delivered a big gift to Aussies desperate to lock down a home of their own.
Win for glam banker facing 120 fraud charges
A glamorous former bank employee has scored a win as she prepares to fight allegations she used her role to defraud banks.
Aussies shares fall on US chaos, mining slump
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.
Chilling effect of Aussie rate hike crisis
An alarming number of mortgage holders might need to sell their home, should interest rates stay elevated into next year, new research has revealed.
Tech outage effects could linger for weeks
Computer systems at businesses across the Australian economy could be dealing with the fallout from the Microsoft outage for weeks to come.
Two reasons Aussies are ditching streaming
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.
Aussie shares rise on feverish Wall St rally
The Australian sharemarket lifted on Wednesday on the back of a rising Wall St bull run.
Aussie shares slip on dark China numbers
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.
Alarming stat about big four banks
Australia’s big four banks have loaned more than $3.6 billion to fossil fuels projects and companies in 2023.
Aussie shares soar to crack 8000 barrier
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.
Aussie shares hit record high on Fed fever
The Australian sharemarket has closed out the week on a record high as investors position themselves for imminent US Federal Reserve rate cuts.
Aussie shares soar on Wall St euphoria
The benchmark ASX200 has flown close to record highs on Thursday following a huge night of trading on Wall St.
‘Significantly weaker’: Disturbing Aussie trend
A disturbing inequality between one group of Aussies and everyone else has been highlighted in a new report.
Mining sell-off pulls down Aussie shares
Mining stocks have weighed down the sharemarket again this week, with the benchmark ASX200 dipping into the red on Wednesday.
Why overseas crims find Australia attractive
Australia will continue to provide support to its Pacific neighbours in order to bolster its ability to identify and stop money laundering.
Millions to save banks in key security region
Treasure Jim Chalmers has called on major Aussie banks to continue servicing Australia’s closest international neighbours, pledging $6.3m to help.
Slip shows dark turn in Aussie housing
Demand in Australia’s housing market could be easing off, with a shock fall in new lending commitments.
Fears Pacific countries could lose banks
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.
Aussie shares dip in wait for US open
The Australian share market drifted lower in quiet trading on Friday as investors stepped cautiously before Wall St’s big Friday.
Huge development for future of Aussie cash
The consumer watchdog has granted interim approval for the multimillion-dollar deal to ensure the transport of cash across Australia.
Westpac takes on allegedly crooked banker
Westpac has launched proceedings against an employee of another bank who allegedly used her role to defraud multiple banks to fund her lavish lifestyle.
Thousands affected by major bank outage
A major bank has resolved an outage after customers flooded social media with frustration when they couldn’t access accounts.
Big banks under constant cyber attack
One of Australia’s top banking executives has revealed the big four are under constant attack from cyber criminals.
ANZ given green light in Suncorp takeover
ANZ Bank has been given the final approval for its $4.9bn takeover of Suncorp’s banking arm.
‘High risk’: Bank in hot water over move
Westpac has been sanctioned, with the industry watchdog saying the bank’s move put vulnerable customers at “high risk” of harm.
Aussie shares leap higher in rebound rally
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
One state Aussies are fleeing to
Finance behemoth Commonwealth Bank has released its latest economic health check on the nation and there is one state blowing everyone else away.
Aussie workers most burnt-out in the world
One group of Aussie workers are the most burnt-out in the world, alarming results in a new global study reveal.
Worrying sign Aussies crippled by debt
Australians have been warned about leaning on risky high-cost credit options like buy now, pay later and payday loans.
Woolies, NAB slammed for ‘crisis profits’
Millions of people have been pushed to the brink by rising prices yet a report has revealed Aussie companies made billions from devastating world events.
Big change coming for millions of Aussies
Westpac has made a big change to its app that will affect how millions of Aussies are able to pay for everyday items.
Why Aussies are rushing to withdraw cash
Aussies have rushed to ATMs all over the country to withdraw thousands in cash – here’s why so many are doing it.
‘Don’t tap’: Warning for Apple iPhone users
Australians are already “struggling” with the cost of living crisis and now a new innovation from Apple has some worried.
CBA cuts daily cash deposit limit
Commonwealth Bank has sparked controversy among some customers with a change to how its ATMs can be used.
Aussies shock personal debt struggle
Australians experiencing financial stress are being urged to exercise their right to seek assistance from their bank or lender.
‘What the hell’: Family’s $280k Westpac fury
A family has been left stunned after learning about the huge amounts of money their mother mysteriously withdrew on 70 occasions before her death.
Aussie shares slump on CPI shock
Australian shares slumped on Wednesday after hotter-than-expected CPI numbers renewed inflation fears and narrowed the likelihood of rate cuts this year.
ASX drifts lower in ‘directionless’ trading
The Australian sharemarket fell lower on Tuesday after weak retail sales data hit discretionary stocks.
‘Easy’ way Aussies can earn hundreds
A simple prompt could help earn Aussies hundreds of dollars, as a major bank announces a new alert system.
Major bank reveals huge rates offer
Australia’s biggest bank is hoping to claw customers away from its competitors, announcing a below-average home loan rate.
Bold bid to consider public bank
With hundreds of bank branches closing in recent years, a parliamentary probe into the matter has delivered its final recommendations.
Major bank’s call on pending tax cut
One major Aussie bank has made a huge call about how people will use their tax cut cash boost in the coming months, warning not to expect a shopping spree.
Update for Aussies hit by bank outage
Customers of one of the big four banks were unable to access their accounts online after a major outage to its app and internet banking services
Bank days away from ‘sad’ anti-cash move
A major bank is just days away from starting its shift towards digital only payments – and Aussies are not happy.
Aussie bank ditches cash payments
One of Australia’s largest financial services providers is going cashless at its offices but has promised customers cash withdrawal fees from ATMs will be covered.
Town fuming at bank’s ‘outrageous’ move
Locals are fuming over ANZ’s shock move after the bank posted a profit of more than $7 billion last year.
Surprise plan Aussies have for tax cut cash
Aussies are about to get a tax cut cash boost and most will ‘spend’ it in a surprising way.
One thing propping up Aussie economy
As the Commonwealth Bank boss announced a profit slide, he said one thing was providing a “tailwind” for the Australian economy.
ASX records best day in three months
The Aussie sharemarket has remained strong in the wake of a less than ‘hawkish’ interest rates decision by the Reserve Bank of Australia.
ANZ chief’s dire warning for homeowners
Homeowners are feeling the pinch of the cost-of-living crisis, with the number of loans past due at ANZ increasing double digits.
ASX climbs as RBA board discusses rates
Ahead of the central bank’s impending interest rate decisions, investors on the Australian share market were in an upbeat mood.
‘Call us’: Major bank’s plea to homeowners
The chief executive of one of Australia’s biggest banks has laid bare the stress Aussie homeowners are going through.
ASX lifts after Fed rates news
Australian shares notched a tepid bounce on Thursday following some dovish rhetoric from the US Fed and positive sentiment around half-year results from NAB.
NAB earnings miss amid profit squeeze
Despite the decline in earnings, freshly minted NAB boss Andrew Irvine hinted that the competitive home loan market was easing.
Major Aussie bank to scrap cash this month
An Australian bank will go completely cashless from later this month as it switches to a fully digital offering.
ASX sinks on Wall St sell-off, Fed fears
Aussie shares slumped on the first day of the new month as anxieties mount about US inflation and interest rates.
Stocks inch higher on depressed retail sales
Aussie stocks edged higher on Tuesday after a slump in retail sales pushed back fears of impending rate hikes.
ASX advances ahead of fresh inflation print
Ahead of consumer price figures for the March quarter, the benchmark notched its second session of gains.
ASX rebounds as Middle East tensions fade
Markets regained their composure on Monday after an apparent easing in hostilities between Iran and Israel.
Global tensions lead ASX to drop
The Aussie sharemarket has ended the week lower after investors responded to reports Israel launched air strikes against Iran.
Woman wheels corpse into bank for loan
A Brazilian woman has been arrested after brazenly wheeling the fresh corpse of her uncle into a bank branch where she tried to get him to co-sign a loan.
ASX snaps five-day losing streak
Firmer than expected unemployment data failed to ease concerns that the RBA will hold interest rates steady through to 2025.
Original URL: https://www.news.com.au/finance/business/banking/page/6