Big four
Shops to be forced to accept cash for basic supplies and services
The use of physical currency has plummeted in recent years, but Australians will still be able to use it to buy essential items into the future.
- by James Massola and Shane Wright
Latest
ASIC sues NAB for ‘failing’ customers facing financial hardship
The corporate regulator cited submissions from people who had left violent relationships or who had lost work during the pandemic.
- by Sumeyya Ilanbey
Can ANZ’s $2.5 billion tech bet close the gap on rivals?
Maile Carnegie is trying to transform the bank’s technology, and oversee the movement of millions of customers to a new platform. It’s a mammoth undertaking.
- by Sumeyya Ilanbey
Updated
World markets
ASX slides as ‘Trump trade’ peters out on Wall Street; miners, banks fall
The Australian sharemarket remained in the red throughout the day on Wednesday, marking the index’s third consecutive day trading lower.
- by Hannah Hammoud
Updated
Earnings season
Westpac says hardship has peaked as borrowers adjust to high rates
The banking giant, which delivered a $7 billion profit and raised its dividend on Monday, says the economy is turning the corner.
- by Sumeyya Ilanbey
Opinion
Banking products
Banks spend billions on tech, so why are outages still a thing?
You are not imagining it: the overall impact of banks’ technology glitches hasn’t really improved, despite their deep pockets.
- by Clancy Yeates
CBA sorry after glitch drains some customer accounts
The bank said the issue was rectified Saturday afternoon, but not before a rash of online complaints from customers.
- by Caitlin Powell and Gemma Grant
Analysis
Money Makeover
How your old, dormant bank accounts can cost you big
Saving that unused account for a rainy day? You might want to think twice about that.
- by Caterina Hrysomallis
Sacked, prosecuted, exposed: A proud history of muckraking
The Age’s investigative reporters have brought down public officials, revealed corruption, and uncovered organised crime operations and war crimes. As the masthead turns 170, we celebrate their journalism.
- by Michael Bachelard
Action over ‘shonky’ car loans kicks off against Westpac, Macquarie
The class action alleges the two banks engaged in predatory lending practices that stung consumers with unfair high-interest loans.
- by Sumeyya Ilanbey
‘Not happy with us’: ANZ scrambles to get its house in order amid scandals
ANZ has been battling to contain the fallout from a suite of scandals in the bank’s institutional division over the past few months.
- by Sumeyya Ilanbey
Original URL: https://www.watoday.com.au/topic/big-four-banks-5ux