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
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.
ASX falls to three-week low on Iran fears
Australia’s sharemarket slid during Monday on fears the Middle East conflict could escalate but the falls were limited thanks to one banking juggernaut.
Woman changes bank after being locked out
A Melbourne woman said she was left unable to access her money for more than two days after an innocent transfer was deemed “suspicious”.
Big four bank announces fresh blow to savers
In another blow for people trying to save, a major bank has cut the interest rate on a popular account for the second time in a month.
Major bank fined over data issues
A major bank has been fined for breaches of Australia’s economy-wide data-sharing scheme that let down Australian consumers.
‘Spineless’: Act that reduced 89yo to tears
Alarm bells rang at a NAB branch when staff noticed a “spineless” scammer instructing a customer on how to increase her internet banking limit.
Frustration as CBA system goes down
Hundreds of CBA customers were unable to send money transfers or pay people for several hours on Friday after bank systems went down.
Original URL: https://www.thechronicle.com.au/business/companies/banking/page/2