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More borrowers are ditching their bank as refinancing rate picks up

Home loan customers have been growing more proactive in seeking out cheaper loans recently, especially as interest rates trend lower.

  • Clancy Yeates

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Banks must be more conservative when approving new credit limits from January.

Goodbye ‘Frank’: These are the new top credit cards in town

ME Bank may be closing its trailblazing low-rate credit card, but it is far from the cheapest option now anyway.

  • Nicole Pedersen-McKinnon
NAB chief executive Andrew Irvine said Donald Trump’s commitment to fuelling growth in the world’s largest economy would potentially boost inflation.

NAB boss worried ‘tariff madness’ could put future rate cuts at risk

CEOs from two major Australian banks have warned that an escalation of Donald Trump’s trade war would harm global economic growth and drive up inflation.

  • Clancy Yeates
AMP Bank chief executive Sean O’Malley is confident small businesses will survive the global turmoil.

Can Australian small businesses survive Trump turmoil?

Donald Trump has roiled markets and economies across the globe with his policies. What does it mean for Australia’s small businesses?

  • Sumeyya Ilanbey
While CBA maintains its lead as the nation’s largest lender, the bank has been looking at ways to push back against Macquarie’s pursuit of mortgage holders through the broker channel

CBA opens fresh front in mortgage wars

Commonwealth Bank subsidiary Bankwest is gearing up to take on Macquarie and ING in lending to “under serviced” Australians.

  • Sumeyya Ilanbey
HSBC Bank Australia, its Australian subsidiary of HSBC, posted a profit of $409.8 million in 2023.

HSBC knew customers were being scammed but didn’t help even as fraud surged: ASIC

Australia’s corporate regulator alleges the banking giant failed its customers by taking months to investigate scam reports and freezing customers’ accounts and leaving them without access to their own money.

  • Aisha Dow
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Local scammers have bragged in online chat groups about using the scheme to buy iphones, alcohol and luxury goods as the government warns people to stay alert to cyberthreats.

Marge’s computer wouldn’t turn on. Then IT support offered ‘help’

There’s a new scam doing the rounds this Christmas, and it’s a tough one to spot.

  • Nicole Pedersen-McKinnon
Commonwealth Bank’s group executive for retail banking services, Angus Sullivan.

CBA caves in to pressure over plan to charge $3 for branch withdrawals

Facing a backlash, the bank has paused a move that would have led to about 50,000 extra customers charged for withdrawing cash from branches.

  • Sumeyya Ilanbey, Millie Muroi and Clancy Yeates
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Careful how you express yourself

And give a full run-down on run-ups.

Financial advice can seem like a maze to navigate, leaving people to turn to less trustworthy online sources.

Is this the missing link for cheap, effective financial advice?

Financial education is dry and overly complex, so why aren’t we investing in self-help financial education that’s engaging, accessible and genuinely useful?

  • Bec Wilson

Original URL: https://www.watoday.com.au/topic/banking-products-hvm