ASX dives as Fed dampens rate cut hopes
After climbing to a record high on Wednesday, the share market lost ground as US Federal reserve chair Jerome Powell warned rate cuts by March were “unlikely”.
Banking
Big four bank to close dozens of branches
The major bank claims the closures are due to more people choosing to bank online or over the phone.
Couple saved from insane $40k scam
A Tasmanian couple have been saved from being scammed out of their life savings after a bank teller noticed red flags online.
Aussie bank to go ‘almost solely digital’
A major Aussie bank has announced the closure of a slew of branches as it urges its customers towards an “almost solely digital” future.
‘No cash’: Aussie’s fury after 130km bank trip
A rural customer has blasted a major bank for refusing cash withdrawals despite the fact he and his wife had to drive a significant distance.
ASX books three-day winning streak
Buoyed by a rally in health care stocks and a positive lead from Wall Street, the local market climbed for a third straight session – its longest for the year.
Aussie bank slapped with hefty fine
An Aussie bank has been whacked with almost $1m in fines after admitting to providing false representations to customers about their home loans.
ASX snaps five-day losing streak
Led by a rally in tech stocks, the local share market finished in the green for the first time in five days, but closed out the week 1 per cent lower.
Bank’s urgent warning against new scam
One of Australia’s major banks has urged customers to “immediately” do this one thing if they get this message, which purports to be from the bank themselves.
ASX rises as banks, tech rally
Interest rate sensitive stocks buoyed the benchmark on Thursday as softer-than-expected inflation data helped offset losses in the mining sector.
Kochie’s savage warning to Boomers
David Koch has issued a warning to Boomers while declaring the younger generation has been given the ‘short end of the stick’.
ASX snaps four-day losing streak
After a four-session slide, the local share market found momentum on Tuesday with all sectors bar energy finishing in the green.
Epstein’s brag about Australian actor
Jeffrey Epstein liked to brag about the high life, including an alleged phone call with one of Australia’s biggest Hollywood stars.
ASX extends losses as Wall St stumbles
After posting strong gains in November and December, the local share market is off to a rocky start in 2024.
ASX nears record on first day of 2024 trade
The share market finished higher in its first day of trading for 2024, with the benchmark index just five points away from reaching its all time high.
Aussie shares plummet as Wall St falls
The local share market lost ground on Thursday, as profit taking by traders led to a sell off in technology and real estate stocks.
CBA makes stunning rates prediction for 2024
The CommBank chief economist has shared his thoughts on the economy’s fate for 2024, touching on cash and inflation rates, as well as house prices.
ANZ meeting descends into clown show
A group of protesters, dressed as circus performers, have disrupted the AGM of one of the nation’s largest banks which has come under fire for lending to fossil fuel emitters.
Update after massive bank outages
One of Australia’s big four banks has provided an update after thousands of customers were affected by a network outage.
Woman’s bank account drained after text
A Melbourne woman has issued a chilling warning after $40,000 was stolen from her bank account after she received a simple text.
‘Not a bank’: Supermarket cash move backed
A prominent Senator involved in investigating the decline of banking services has backed a contentious Woolworths cash move as debate rages about the future of cash in Australia.
Aussie savers dudded by banks: ACCC
The banks are ripping off savers, the competition watchdog has found, with customers struggling to get the best possible returns.
Bank’s surprise gift to homeowners
An Australian bank has delivered a surprising gift to new home hunters just before Christmas.
Warning as Bitcoin surges 160 per cent
Bitcoin is now up 160 per cent over the past 12 months and shows no signs of slowing down, but not everyone is jumping back on board.
Woman’s terrifying $49,000 mistake
When Suni Wan got a text from HSBC saying someone was using her account she thought nothing of it and called them straight back. That was a big mistake.
Sign cash could disappear for good
With cash use in freefall and distribution services becoming increasingly unviable, RBA governor Michele Bullock is racing to fix the problem.
Single detail in text message costs man $50k
A Sydney man has been left $50,000 out of pocket after falling for a scam text. Here’s the one convincing detail that caused him to drop his guard.
‘No longer’: ANZ’s cashless move shocks
Angry ANZ customers have hit out at the bank, claiming it has scrapped the deposit and withdrawal of smaller cash denominations in some branches.
High-flying executive charged with corruption
A formerly high-powered female executive has been charged with corruption after an investigation into her business practices.
Big change to money in Australia
The first Australian coins featuring King Charles’ head on them will soon be showing up in your back pocket.
Original URL: https://www.news.com.au/finance/business/banking/page/9