Major bank’s grim warning for Australia
The major bank has posted a staggering profit on the back of surging interest rates – and has predicted what’s next for the economy.
NAB
From NAB interest rates and credit cards to home loans, we have all the latest banking news.
Major banks to rake in $11.7b in profit
Australia’s big banks are predicted to reveal they have raked in their biggest earnings in the last 30 years.
Chilling warning for house prices next year
House prices are already plunging but are set to take an even bigger hit next year, knocking hundreds of thousands off home values.
‘Up’: One type of stock it’s time to invest in
Netflix, Zoom and Amazon are all struggling in the share market but there’s on type of stock that seems to be holding firm.
Money argument Boomers always get wrong
Bring up today’s cash rate and Boomers will often retort with the 17 per cent rate of the 1980s. But it turns out their argument simply doesn’t stack up.
Rates to rise ‘every month until Christmas’
With the RBA almost certain to increase the cash rate on Tuesday afternoon, some economists are predicting it could be a regular monthly occurrence.
House prices set to plunge if rates rise
Pressure is piling on for homeowners as interest rate rises could leave them struggling to meet repayments on a house worth less than what they paid for it.
Banks confirm homeowners’ worst fear
The four major banks have revealed alarming predictions for interest rate rises, with expectations borrowers are in for multiple hits this year.
Big banks mandate Covid vaccine
Three banks have announced on the same day a new vaccine mandate with various deadlines looming.
Big change coming to Aussie supermarkets
It’s been a huge feature of the pandemic, and now retailers are planning on using it to make life even easier for consumers.
Big mistake we make with our money
Half of Australian savers believe the big banks are the safest place to keep their money, but they could be missing out on better interest rates.
Aussie banks, ATMs disappearing
New figures reveal 2100 ATMs in Australia were removed between April and June, while the big four banks have shut 175 branches collectively.
Cash to hit 45,000 bank accounts today
Tens of thousands of Australians will receive a share of a $45 million compensation payout this morning from one of our major banks.
Original URL: https://www.news.com.au/topics/nab