Why the wave of bank bad debts was misleading
The doomsayers may not want to hear it but there’s no mortgage cliff, and it’s unlikely to come.
Banking
Town fuming at bank’s ‘outrageous’ move
Locals are fuming over ANZ’s shock move after the bank posted a profit of more than $7 billion last year.
Surprise plan Aussies have for tax cut cash
Aussies are about to get a tax cut cash boost and most will ‘spend’ it in a surprising way.
One thing propping up Aussie economy
As the Commonwealth Bank boss announced a profit slide, he said one thing was providing a “tailwind” for the Australian economy.
More Stories
The red flags behind Frazis’s shock exit from BOQ
Rising tensions over George Frazis’s leadership style, including midnight emails and extravagance for travel and entertainment, became so obvious the board acted to end the stand-off.
CEO succession, tech overhaul on ANZ agenda
ANZ’s board has been developing ‘good internal’ candidates to succeed long-serving CEO Shayne Elliott, with structured evaluation of senior execs already taking place.
Magellan races to stop cash leak turning to flood
The business behind the one-time star stock picker is being valued by investors as though another $40bn in funds is about to walk out of the door.
Westpac chief faces $8bn problem
After securing some easy savings, jobs will be on the line as the big four bank chases its ambitious target.
Rare Lamborghini lands man in court
Debt collectors showed up to seize a rare purple supercar from a Sydney premises last December – but when they got there, things took a strange turn.
Credit rating risk for big banks warns S&P
Improved funding conditions and a strong rebound in the domestic economy from the COVID-19 pandemic are supporting the credit ratings of Australian banks.
Why bank stocks are losing ground
Once the backbone of many portfolios, bank stocks are losing ground amid renewed competition for dividend-hungry investors.
Original URL: https://www.themercury.com.au/business/companies/banking/page/77