Radical IR changes to fire up inflation, CEOs warn
Workplace changes will do little to lift the nation’s prosperity, business leaders tell The Australian’s 2024 CEO Survey.
Banking
CEOs call for an energy revolution
Australia faces a worrying energy gap and as a nation we need to throw everything at the solution, top bosses have told The Australian’s 2024 CEO Survey.
Woman’s bank account drained after text
A Melbourne woman has issued a chilling warning after $40,000 was stolen from her bank account after she received a simple text.
‘Not a bank’: Supermarket cash move backed
A prominent Senator involved in investigating the decline of banking services has backed a contentious Woolworths cash move as debate rages about the future of cash in Australia.
Aussie savers dudded by banks: ACCC
The banks are ripping off savers, the competition watchdog has found, with customers struggling to get the best possible returns.
Bank’s surprise gift to homeowners
An Australian bank has delivered a surprising gift to new home hunters just before Christmas.
Warning as Bitcoin surges 160 per cent
Bitcoin is now up 160 per cent over the past 12 months and shows no signs of slowing down, but not everyone is jumping back on board.
Woman’s terrifying $49,000 mistake
When Suni Wan got a text from HSBC saying someone was using her account she thought nothing of it and called them straight back. That was a big mistake.
Sign cash could disappear for good
With cash use in freefall and distribution services becoming increasingly unviable, RBA governor Michele Bullock is racing to fix the problem.
Single detail in text message costs man $50k
A Sydney man has been left $50,000 out of pocket after falling for a scam text. Here’s the one convincing detail that caused him to drop his guard.
‘No longer’: ANZ’s cashless move shocks
Angry ANZ customers have hit out at the bank, claiming it has scrapped the deposit and withdrawal of smaller cash denominations in some branches.
High-flying executive charged with corruption
A formerly high-powered female executive has been charged with corruption after an investigation into her business practices.
Big change to money in Australia
The first Australian coins featuring King Charles’ head on them will soon be showing up in your back pocket.
Woodside on path to becoming BHP of energy
Woodside holds all the cards as the oil and gas sector prepares itself for the looming energy shift.
Miraculous ASX turnaround due to one sector
One sector has managed to turn its fortune around on the share market, ending the day on a high after shock news this morning sent prices tumbling.
Huge blow to brazen text scammers
The Commonwealth Bank and Vodafone are piloting a new “intelligence sharing” initiative to help protect customers from the rising number of text message scams.
ASX surges as traders bet on rate cuts
As new data showed the economy “hit the wall” in the September quarter, traders ramped up their bets the RBA would start cutting rates, sending the share market higher.
Worst week for Aussie shares in 6 weeks
As household borrowers breathed a sigh of relief as the RBA held off on another rate hike, the Aussie share market had its worst daily result in more than a month.
City where rent will jump 9.5 per cent
Rental prices in Australia are expected to climb throughout next year but one capital city in particular may see a rise of almost 10 per cent.
$0 bank balance horror in Westpac crash
Thousands of Westpac customers were left stranded after the major bank reported an outage.
Westpac customers’ horror discovery
Aussies have revealed they were left stranded at servos and grocery stores as a major bank with 13 million customers suffered a mass outage overnight.
Why the Aussie dollar is soaring
With the Aussie dollar sitting at three-month highs, it’s good news for those planning a trip to the US, but what’s driving the gains?
Push for new tax as banks bail from towns
Thousands of bank branches have closed across Australia but the one politician has suggested a possible solution to help fill the gaps.
ASX rallies to close up
A rally in tech and industrials saw the benchmark finish in the green on Thursday as Origin Energy’s board rejected a proposed takeover bid.
Inflation shock a mixed bag for homeowners
Cash-strapped homeowners have been warned to not “let their hair down” yet, despite inflation falling faster than expected.
Farmer’s wild reason for standoff with cops
A farmer and former politician has launched a bizarre campaign to take back his family farm after it was foreclosed on by the bank.
ASX flat as health stocks plummet
Despite a stronger lead from Wall St overnight, the share market was flat on Thursday, dragged lower by health stocks.
ASX rallies as US rates fear fades
Hopes that the US Federal Reserve might be finishing its round of rate hikes has helped push the Aussie share market higher on Wednesday.
Major bank slashes nearly 200 jobs
Australia’s biggest bank will slash another 192 jobs, bringing its total staff cuts to more than 1000 in the past year, as part of its automation initiative.
ASX closes up, but down for the week
Financials and basic materials had the biggest gains in Friday’s trade, while energy, real estate, and utilities lead the losses.
Twist in King Charles’ Aussie coin image
The first image of King Charles III to appear on Aussie coins has been unveiled, and there’s a big difference to how his mother looked.
Reason behind ASX plunge
After Wall St sank lower overnight, the Aussie sharemarket wiped off 0.8 per cent of its value with the big four banks all finishing lower.
Huge growth for Aussie building sector
New Bureau of Statistics data has revealed building approvals are recovering following a bumpy few months for Australia’s construction sector.
‘Growth at all costs’ mantra behind scandal
Consulting giant PwC’s “shadow” culture has been exposed in a scathing independent inquiry into its tax leaks scandal.
Aussie city’s rent crisis laid bare
Despite positive figures on paper, people in one Australian city are feeling the pinch from soaring rents and massive mortgages – and things are tipped to get worse.
Major cash change for big four bank
Bank customers will have easier access to their money as one major bank expands its cash transaction options.
Aussie bank fined $2.1m for overcharging
Australia’s second-biggest lender was slapped with a fine for “unconscionable conduct” against its customers by the Federal Court.
Why every CBA customer is paying $40
Keeping cash costs every customer around $40 per year even though many no longer use physical currency, CommBank’s chief executive says.
ASX slumps to 10-week low
The local sharemarket was a sea of red on Thursday after hawkish signals from the US Federal Reserve overnight triggered a broad sell-off.
Frydenberg the banker walks different path for now
Since his bruising loss in Kooyong, the highest profile victim of the Morrison government backlash has quietly rebuilt his life outside politics, but has also kept one eye on a possible return.
‘Make you stay’: Threat to major banks
A parliamentary inquiry has threatened the big four banks with new obligations for them to stay in regional and rural areas, amid accusations the banks are abandoning the bush.
Big investors now control fate of Qantas chair Goyder
The airline’s under-fire chairman has begun a series of meetings with big shareholders. There are three issues they want answers to.
Westpac inches closer to its McFarlane moment
A new chair will have to decide whether to go with an internal contender or look outside the bank to eventually replace chief Peter King.
Perfect storm brewing for Aussie lenders
There is a perfect storm brewing in Australia, the results of which mean more and more borrowers are turning away – or being forced away – from traditional lenders.
Lehman’s Mr fix-it sees warning sign
From Lehman Bros to FTX, Bryan Marsal is Wall Street’s go to for the big corporate collapses. Now he has a worrying message.
Big four banks’ move after cash scrapped
Australian banks reveal their plans on going cashless after one announced its move to scrap cheque, cash and phone payment services.
Grim reason Aussies returning to big banks
Nearly two million Australian consumers have returned to the big four banks in less than two years — for one simple reason.
Collapse shows Aussie households hurting
Household spending growth has collapsed in the last 12 months as persistent price pressures and an aggressive round of rate rises forces families to tighten their belts.
Big bank’s surprise move for homeowners
One of Australia’s biggest banks has announced a shock move for its interest rates.
Market responds to iron ore price leap
Australia’s share market has managed to scrape through the day with a small win thanks in part to a price boom for one of the country’s greatest exports.
Original URL: https://www.thechronicle.com.au/business/companies/banking/page/8