Heads roll amid fury over CEO’s $24m pay
One of Australia’s richest companies is facing a revolt for failing to slash its CEO’s eye-watering $24 million pay packet despite a long list of regulatory failures.
Banking
Bank removes ‘roadblock’ for homebuyers
A major bank has made a huge move on student debt that it says will help first-home buyers especially get into the market sooner.
Move to stamp out ‘unfair’ pay practice
The government is looking to stamp out an “unfair” business move which is leaving workers on penalty rates worse off.
CBA’s ‘shameful act’ as it sacks hundreds
The banking union has accused the Commonwealth Bank of a “shameful act” after announcing more than 300 redundancies.
More Stories
Bank launches ‘no catch’ savings account
An Australian bank is going “old school” and looking to offer customers a banking product that it said had disappeared.
Gen Z wants this Boomer staple gone
One staple of the past is being flat out rejected by Gen Z Aussies who fear it will jeopardise their financial future.
Bitcoin soars past key milestone
The world’s leading cryptocurrency has surged past $US120,000 for the first time as investors pile into ETFs during US ‘Crypto Week’ policy deliberations.
Ex-broker’s $68k fraud of major bank
A former financial broker who forged letters to dupe a major Aussie bank out of six-figure loans – scoring extra commissions in the process – has learnt her fate.
‘Not feasible’: Bank axes more branches
A major bank that “prides itself” on its regional roots is leaving tens of thousands more people without a bank in their town.
ASX closes at fresh record high
Australia’s sharemarket followed the US to a fresh record high, with markets climbing despite global economic concerns.
Super mistake costing Aussies thousands
Australians are missing out on thousands of dollars in retirement savings by making one costly mistake during market downturns.
Big bank’s bizarre way to stop scammers
In an Australian banking first, one of the country’s big four banks has revealed a unique new strategy they will use to combat scammers.
One thing stopping Aussies getting rate relief
One of Australia’s big four banks is cautioning mortgage holders rates might stay on hold in July, despite a weaker-than-expected inflation read.
Tradie’s money vanishes after single text
A tradie has been left gutted after having more than $17,000 vanish from his bank account as the result of an elaborate spoofing scam.
Original URL: https://www.thechronicle.com.au/business/companies/banking