‘This is a war every single day’: ANZ boss
Banking competition is so ‘fierce’, returns on equity and margins are hurting and it’s a constant war to win home loan customers, Shane Elliott says.
Paulina Duran
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Banks say retail and hospitality feel pinch
Australian mortgage holders are managing higher interest better than expected, but retail and hospitality sectors are already showing signs of stress as spending adjusts.
Non-bank lenders selling debt portfolios
Non-bank lenders are increasingly selling unpaid credit card and personal loan debt.
Major new push to pay teen workers super
An ‘outdated and unfair’ law denying automatic super payments is costing hundreds of thousands of young workers more than $10,000 in retirement savings.
Super-sized returns even as property falls
Five of the nation’s biggest funds have reported strong results, overcoming bad news in the office towers and shopping centres sectors.
NAB joins rivals in liberating borrowers from ‘mortgage prison’
The bank will introduce refinancing exceptions allowing eligible customers to switch lenders and access relief from strict regulatory requirements.
CBA makes major call on the fate of regional branches
The nation’s biggest lender earlier this year promised to halt regional branch closures while a Senate inquiry into the effects ran its course.
NAB to lead way in closing SMS door to fraud
The Albanese government wants to extinguish all unprompted text messages to customers with embedded hyperlinks, a key way in which scammers lure unsuspecting customers.
Cbus upgrades returns as recession odds grow
Rebounding from losses in the last financial year, Cbus super fund beat rivals despite property headwinds and new fears about the economy.
AMP stock dives on legal setback
The court ruling creates significant uncertainty over the potential financial impact for Australia’s oldest wealth manager.
Original URL: https://www.theaustralian.com.au/author/paulina-duran/page/27