Alarming stat about big four banks
Australia’s big four banks have loaned more than $3.6 billion to fossil fuels projects and companies in 2023.
Banking
CFMEU construction union an economic wrecking ball
There is a terrible financial price we all pay for the serious allegations of corruption through the construction unions.
Aussie shares soar to crack 8000 barrier
Aussies shares continued to rally higher on Monday, crossing the 8000 threshold for the first time in history on speculation of imminent rate cuts in the US.
Aussie shares hit record high on Fed fever
The Australian sharemarket has closed out the week on a record high as investors position themselves for imminent US Federal Reserve rate cuts.
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Big bank’s surprise move for homeowners
After months of rate rises, one bank has made the choice to decrease a portion of its home loans.
Big bank on brink after $150bn withdrawn
There are worries a US bank that was only just saved from the same fate as Silicon Valley Bank could yet go under within days.
‘Don’t care’: More bank branches to close
The major banks are shuttering more bank branches across the country with calls for them to stop as they rake in “massive profits”.
Grim prediction for homeowners next week
The RBA board is in for another tough call on the cash rate in its May meeting, with upcoming inflation data to weigh heavily on the decision.
Banks slammed on $550m scam ‘disaster’
The big four have been heavily criticised for their “tight-fisted and mean approach” when people lose millions to scams, which they are also failing to prevent.
$3b lost: Big banks slammed as Aussies ripped off
Australia’s big four banks have come under fire for failing to stop customers losing hundreds of millions of dollars to scammers. See what else the scathing report revealed.
New Apple product declares war on banks
Apple has fired another major shot on the finance world, launching a game-changing new product that could disrupt the banking system.
Big bank boss’s urgent letter to customers
NAB customers will find an update from the bank’s CEO in their inbox, as he warns of “a growing problem in Australia”.
‘Fat cats’: Major bank cuts Aussie jobs
Commonwealth Bank has been slammed over announced Australian job cuts, accusing senior “fat cats” of having no concerns over the decision.
Family lost $200k after phone call
The Sydney family are “devastated” by the disappearance of their life savings and can’t afford groceries and even face having to sell their home.
Original URL: https://www.thechronicle.com.au/business/companies/banking/page/84