‘Disrespect’: Whistleblower exposes CBA
A whistleblower who triggered a royal commission into Australia’s big four banks says “nothing’s changed”, as new analysis exposes the source of their immense profit.
Banking
Aussie shares lift on Trump trade deal hopes
Cautious investors pushed the Australian sharemarket higher on Thursday on the prospect of a new Trump trade deal with the UK.
Big bank reveals record $11bn revenue haul
One of Australia’s biggest banks has delivered record revenues as its outgoing CEO praises ‘remarkably resilient’ Aussie households.
Major bank’s huge call on Trump
One of Australia’s big four banks says Australia is well placed to weather the storm coming from US President Donald Trump’s tariff policy.
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Only recession can make ‘ruthless’ Victoria great again
Not all is lost. Victoria has a clear competitive advantage across four world-beating exports and these mines won’t run dry. But first there will be pain.
Australia’s biggest super fund fined $27m
Australia’s biggest superannuation fund has been fined $27m for charging duplicate fees to tens of thousands of customers.
The pendulum ‘swung too far left’: BlackRock’s Larry Fink
The most powerful investor on Wall Street tells The Australian that corporate culture is ‘undergoing a reset’ away from its progressive outlook. Larry Fink is moving with the times.
Major bank to move 190 Aussie jobs offshore
Big four bank Westpac will cut 190 Australian jobs in its customer solutions division and move them offshore just days after announcing a bumper profit.
NAB posts $18m-a-day profit
Anti-crime measures and wage costs have eaten into one of Australia’s major bank’s $18m-a-day profit.
Banks make $10m a day on slow rate cut
Going slow on rate cuts could be good for the major banks as they cash in millions for every day homeowners wait for a mortgage reduction to be passed on.
Banks make $10m a day on slow rate cut
Going slow on rate cuts could be good for the major banks as they cash in millions for every day homeowners wait for a mortgage reduction to be passed on.
ASX tumbles on big bank, Woodside woes
A slump in the big banks and energy stocks pushed the Aussie market into the red on Tuesday, as the RBA struck a note of caution following its long-awaited rate cut.
One and done? RBA cools hopes over fast rate relief
In delivering a long overdue rate cut, the central bank has a sobering message when it comes to more.
The $50bn strategic bet that’s set to change BHP forever
The BHP of the future will be less reliant on Australia and even less about iron ore as CEO Mike Henry reshapes the miner. Is it the right strategy?
Original URL: https://www.themercury.com.au/business/companies/banking/page/8