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
Banking
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.
ASX flat on new inflation narrative
The Australian sharemarket edged down slightly on Wednesday, as investors settled into a new narrative on inflation.
ANZ announces huge shake-up
One of Australia’s major banks has announced a huge change to how thousands of people do their banking – and it’s coming soon.
Nightclub‘s ‘ridiculous’ sign slammed
A trendy Melbourne nightclub has been criticised over claims of “ridiculous” surcharges at the popular establishment.
ASX slips despite Wall Street recovery
Softer-than-expected producer price data failed to ease the concerns of inflation-worried investors.
Firm collapses amid alleged $200m scandal
An Aussie financial services firm has been forced to close after links to an alleged sinister money laundering operation.
Why Citi thinks US economy could still stall
Citi banker Lucy Baldwin is one of the few market bears still standing. This is why she thinks there could be a hard landing.
Aussies’ spending softens after Swift lift
After household spending jumped during February due to Taylor Swift’s sold-out stadium tour, turnover in March was weaker.
‘Knows almost nothing’: Chalmers’ hits back
In a startling spray, the Treasurer has challenged the economic understanding of his political foes as he defends a major policy change.
Iron ore optimism extends ASX rally
A rally in material stocks helped push the benchmark into the green, as investors awaited fresh inflation data due Wednesday evening.
Surprising group buying up homes
Aussies are battling explosive house price growth with a smart new trick that means they can buy a property without moving out into the boondocks.
Tough new rules to stop covert takeovers
The Albanese government’s overhaul of mergers policy follows concerns that anti-competitive takeover deals are stifling innovation and cause price hikes.
ASX rallies ahead of US inflation figures
The Australian share market was up slightly as investors await new inflation data from the US, which will be key to its path on interest rate cuts.
Surprising detail in rate hike pain
Even as household budgets come under pressure, tens of thousands of Aussies took on additional debt in February, new data shows.
The bizarre billboard baffling Aussies
Galloping cots come to life in the desert, a couple looking on adoringly, and a guy with a mullet firing up a laser gun. What is going on in this bizarre ad?
Warning to online banking customers
An online banking customer has urged others to update their passwords after they couldn’t access their account.
Secret to improving lives of Aussies revealed
Australia’s 2.6 million small and medium businesses could be key to unlocking the next wave of productivity growth.
Huge problem facing Aussie banks
As Australians lose hundreds of millions of dollars to scammers each year, a tech insider says the banks’ data troves are a significant hurdle to tighter security.
Brilliant reason teller denied $2k deposit
A NAB teller has been praised for refusing to allow a Melbourne woman to make a $2,000 deposit to help out her sick boyfriend overseas.
Armaguard rebuffs $26m cash lifeline
While the cash transit business previously claimed it was teetering on the brink, a $26m funding lifeline has been rejected.
Shares advance on steady inflation read
Shares clawed back losses from Tuesday’s session to come within less than 35 points of the benchmark’s all time high.
How woman saved from losing millions
The woman was trying to cancel her home insurance and sell her home so she could send money to a new boyfriend.
Major bank’s huge move on scammers
While criminals siphon hundreds of millions of dollars via scams each year, one bank has launched a new defence.
Gold, oil stocks weigh down sharemarket
Lower gold and oil prices weighed on the Australian sharemarket on Friday, but overall the ASX 200 ended the week 1.3 per cent higher.
ASX rallies on US interest rate outlook
The ASX booked a ‘relief rally’ on Thursday on the back of a US Federal Reserve meeting that maintained its outlook for three rate cuts in 2024.
Dad’s life savings gone after opening email
A devastated Aussie dad has revealed how he lost his entire life savings after opening one simple email.
Aussies lose $2.2bn to one cruel act
Australians have been hit with a record number of fraudulent credit card purchases and withdrawals, new data has revealed.
Man’s savings gone after phone call
A Melbourne man who saw $20,000 drained from his account after a few minutes on the phone has blamed a “random” text from his bank.
ASX up as miners surge higher
Australia’s surging mining giants pushed the ASX higher on the day the Reserve Bank left the cash rate unchanged.
ASX slips on banking sell-off
Snapping a two-day winning streak, Australian shares sank on Thursday.
Aussie bank hikes interest rates
An Australian bank has hiked its interest rates, as new data reveals the shocking rise in average mortgage payments since the pandemic.
ASX rallies despite firmer US inflation
Local shares rose on Wednesday, led by retail and bank stocks, after a positive lead from Wall Street.
Major bank closing city branches
One of Australia’s big four banks has announced another round of bank branch closures in two major cities.
Major bank closing city branches
One of Australia’s big four banks has announced another round of bank branch closures in two major cities.
Big bank’s apology after major outage
Customers at one of the big four banks were left outraged after its app went down.
ASX surges to reset record as banks rally
Buoyed by the financials sectors, the Australian sharemarket raced ahead to close out the week at an all-time high.
ASX resets record close thanks to banks
Buoyed by a bumper session for Australia’s largest retail bank, the benchmark set a record close on Thursday.
Demand for bank to explain branch closures
A senate inquiry examining the difficulties of regional banking has asked Bankwest to explain its decision to close 45 branches.
Price crisis pushes more out of Aussie dream
Australians, under pressure from the increased cost of living, took out fewer home loans across the first month of 2024.
Fury as major bank shuts all branches
Customers are furious as a major regional Australian bank, which is part of CBA, announced closures of every branch in favour of online banking.
ASX rebounds as financials rally
The benchmark eked out a 0.1 per cent gain on Wednesday after the financials sector rallied late in trading.
Aussies buoyed in home ownership hopes
Australians are feeling more confident about their home buying plans, and they’re prepared to make big changes to crack into the housing market.
ASX resets record high
The local share market was off to a record breaking start in March, as fresh highs on Wall Street and positive manufacturing data from China bolstered the benchmark.
ASX nears record high on RBA rate cut hopes
The ASX surged to a near record high on Thursday after soft inflation and retail data suggested an end to the RBA’s rate hiking cycle.
‘Forget loyalty’: Big bank’s new job cuts
One of Australia’s biggest banks has just announced a new round of job cuts, with some of the positions set to move offshore.
Moment scammer loses it caught on film
An Australian man has captured the moment a scammer lost his cool while trying to access the man’s bank details.
ASX edges higher as Coles, Woodside rally
With profit season nearing its end, the share market advanced for a fourth straight session on Tuesday.
ASX falls on Woolies, mining slump
The benchmark ASX 200 fell 0.74 per cent midweek, with a slump in mining stocks and ‘mixed results’ from supermarket giant Woolworths.
Bank decision shows Australia is screwed
Competition should be an essential part of Aussie prosperity but a recent decision in banked shows the whole system is screwed.
Infuriating reason ATMs now slug you $4
Getting access to your own cash isn’t just getting harder – it’s costing a lot more too, and one leading expert says Aussies should worry.
Big bank’s huge call on interest rates
Australia’s biggest bank has raised mortgage holders’ hopes by predicting interest cuts will start rolling earlier than expected, with at least three reductions before Christmas.
Shock cash move at Coles rocks community
Bank closures in regional Australia have increased the demand for cash withdrawals at supermarkets, but one Aussie giant is fighting back.
‘Persistent’: RBA boss issues new warning
Michele Bullock has defended a contentious move to lift interest rates as she made a stark warning of what’s to come.
ASX marred by cost of living pressures
Major banks are also being impacted by the cost of living pressures and the results are playing havoc with the Aussie sharemarket.
Major bank’s sneaky cash move
One of the nation’s biggest banks has made a major call on cash transactions, with many Aussies up in arms over the decision.
Insane amount Aus Post is paying for cash
With banks closing up shop in remote parts of the country, Australia Post is forking out thousands to ensure there’s cash in the towns.
Cruel truth behind vanishing bank branches
A string of bank branch closures in major cities marks a devastating shift due to impact millions of Aussies.
Glaring problem if nation goes cashless
Bob Katter’s embarrassment at having his cash refused at a cafe has highlighted a glaring problem with Australia’s move towards being a cashless society.
ASX down overall for the week
It was a mixed day for the Australian sharemarket, which was down overall for the week.
Tech, banking help ASX close higher
The Australian sharemarket made gains on Thursday in sectors including technology, banking and utilities.
Red flags to avoid on Valentine’s Day
One of Australia’s biggest banks has issued an urgent warning to stay vigilant ahead of a day that attracts heartbreaking scams.
Original URL: https://www.news.com.au/finance/business/banking/page/8