Westpac whistleblower ‘bullied’ after raising suspected criminal activity complaints at RAMS
A Westpac whistleblower has said she was bullied after making internal complaints about suspected criminal activity at the bank’s RAMS Home Loans mortgage broking subsidiary.
- by Sumeyya Ilanbey
Latest
Small businesses hit with $7 billion in unexpected costs
Small businesses buckling under the pressure of rising costs and a sluggish economy have been hit with $7 billion in unexpected costs in the past year, highlighting the financial pressure on the nation’s engine room.
- by Sumeyya Ilanbey
Updated
World markets
ASX wobbles as Woolies trades ex-dividend, current account deficit widens
The Australian sharemarket was treading water on Tuesday after economic data showed that falling commodity prices have pushed Australia into its biggest current account deficit in six years.
- by Sumeyya Ilanbey
‘Astronomical’ rise in mortgage offset accounts since the pandemic: NAB
Australians aged under 55 have been rapidly eating into their savings as they bear the brunt of the Reserve Bank’s fight against inflation.
- by Sumeyya Ilanbey
ANZ traders exited over intoxication, profane language: Shayne Elliott
Three ANZ traders left the bank after an internal investigation found they used profane language in the Sydney dealing room.
- by Sumeyya Ilanbey
Updated
World markets
ASX edges lower as banks and tech stocks fall
The Australian sharemarket drifted lower amid a flurry of earnings reports from companies such as Woodside, BHP and Coles.
- by Clancy Yeates and Sumeyya Ilanbey
Young renters falling further behind wealthy homeowners
Until the central bank begins cutting the cash rate, the homeownership disparity will stretch, says the head of Bendigo and Adelaide bank.
- by Sumeyya Ilanbey
Businesses show surprising confidence despite inflation woes
While a significant number of businesses are struggling, 60 per cent of companies say they are planning to expand in the next year, a survey shows.
- by Sumeyya Ilanbey
Updated
Interest rates
CBA reignites mortgage wars with lower rates for new borrowers
The Commonwealth Bank of Australia has cut interest rates on home loans for new borrowers, days after the nation’s largest lender was criticised for slashing the rate on term deposits.
- by Sumeyya Ilanbey
ANZ hit with extra $250 million capital charge over poor culture concerns
The Australian Prudential Regulation Authority has expressed it has heightened concerns about ANZ’s corporate governance stemming from the bank’s bonds trading scandal, and demanded the bank holds an extra $250 million in capital until it cleans up its cultural problems.
- by Sumeyya Ilanbey
‘Unreasonable’: ANZ staffer loses bid to work from home permanently
Employee’s plea to permanently work from home because she feared contracting coronavirus has been rejected by the Fair Work Commission.
- by Sumeyya Ilanbey
Original URL: https://www.smh.com.au/by/sumeyya-ilanbey-h17jxd