Regional lender plots return to home-loan growth
Bank of Queensland is stepping back into the mortgage market with aggressively priced owner-occupier home loans originated by its digital-only brands.
banking
Big bank rejects push to end financing of land clearing
Commonwealth Bank shareholders have firmly rejected an attempt by conservationists to get the company to end the financing of deforestation.
Middle East or money-wasters: inflation mud-fight grows
Labor and the coalition are duelling over why Australians now have to fork out more on their mortgages every month.
More pain brews for borrowers as rates hit 15-year high
The Reserve Bank's decision to lift the cash rate to 4.6 per cent was unanimous, but economists are divided on whether borrowers can expect more hikes.
Cafes, shoppers at a crossroads as surcharge ban looms
Shoppers may benefit from cash discounts, but retailers will still have to pay the price on merchant fees when a card surcharge ban comes into effect.
Aussie businesses praised for their innovation
A big bank trying to win the nation's leading business bank crown is looking for more innovative firms to lend to, after seeing a shift in the past six months.
Biggest bank bullish on home loans despite budget hit
Commonwealth Bank home loan applications plunged after controversial changes to negative gearing and capital gains taxes, but it's hopeful of a recovery.
Labor budget’s big bank blow as loan applications drop
Federal Labor policy changes for capital gains tax concessions and negative gearing appear to have prompted a decline in mortgage applications.
Shoddy bank record-keeping hits savers as scammers lurk
Many Australian banks are flying blind when customers ask them to confirm the details of mortgage offset accounts, leaving thousands of borrowers at risk.
‘Millionaires’ factory’ boss to leave with almost $1b
Macquarie Group shareholders have backed the pay of its chief executive, who will retire in November with around $881 million in company shares.
Banks on notice as Westpac fined for failing clients
Banking giant Westpac has been slugged with a $26 million penalty for failing to support customers in need, a decision an expert says sends a clear message.
Bank plunge could spell end of an era for ASX investors
Big retail banks have driven returns on the ASX for years, but global asset manager VanEck believes they are overpriced and mid-caps offer better opportunities.
Lenders told to ‘support customers’ facing hard times
Lenders must watch out for customers because the corporate regulator won't take a backward step as households face hardship, the outgoing ASIC chair will warn.
banking
central bank
diesel fuel
economy, business and finance
government
interest rate
mortgages
petrol
politics
state budget and tax
Oil crisis not over: warnings of diesel over $4 a litre
With the Strait of Hormuz still shut and stockpiles running down, economists warn fuel prices could spike above levels previously seen during this oil crisis.
Big bank warns of recession risk as uncertainty lingers
The head of Australia's second-largest bank is more worried about businesses delaying investment decisions than the impact of higher interest rates.
Most Aussies ready to withstand another rate hike: NAB
The majority of business and retail customers have solid buffers and will be able to deal with an anticipated interest rate hike, a big four bank says.
Australia will avoid recession, despite global jitters
One of the big four banks has delivered encouraging news about Australia's chances of avoiding a recession, which could still emerge in the global economy.
Banks to reveal how Iran conflict has affected earnings
Investors will be watching the banks' provisions for bad debts when ANZ, NAB and Westpac report their half-year earnings in the coming days.
Regional bank pins growth hopes on digital services
Bank of Queensland has played up the success of its digital arm despite reporting a profit decline ahead of further expected interest rate hikes.
Passport to funds: why one bank is changing ID rules
A major Australian bank will no longer require more than one document to turn you into a customer by tapping into hidden technology.
Fuel, fertiliser shortages could deliver barren harvest
After a record-breaking year, agricultural businesses may need to change their approach to succeed amid worldwide supply issues.
Cafes, hotels take swipe at $1.6b consumer card fee win
The RBA has binned surcharge fees on debit and credit card transactions, which it says will save punters $1.6 billion - if businesses pass on the savings.
CBA ups inflation prediction as supply chains strain
Australia is staring down the barrel of inflation above five per cent as a result of the Iran oil supply shock, economists from the Commonwealth Bank warn.
Destructive hailstorms slash insurer firm’s bottom line
Suncorp's first-half profit has dropped 76 per cent after the insurer paid $1.3 billion in natural hazard claims, mostly related to two thunderstorms.
Bank business clients proving resilient, despite rates
One of the bright spots in Commonwealth Bank's interim results this week was its interactions with businesses, particularly in regional Australia.
‘Stonking result’: big bank basks in best day for years
Shares in Australia's biggest bank have soared to a three-month high after it beat earnings expectations with "a really clean set of numbers".
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banking
computing and information technology
economy, business and finance
internet
AI war against ‘one cent’ family violence perpetrators
The use of artificial intelligence can be challenging for many Australians, but one major business has found ways to bring good out of the groundbreaking tech.
Trump names Kevin Warsh as next Federal Reserve chair
US President Donald Trump says he'll nominate former Federal Reserve governor Kevin Warsh to be the next Fed chair.
CBA to repay $68m in fees to low-income customers
Following a report by ASIC, the Commonwealth Bank says it's repaying $68 million to low-income customers who incurred unusually high banking fees.
‘Unconscionable’: major bank’s record fine bumped up
ANZ has been fined $250 million for widespread misconduct and systemic failures that impacted the federal government, taxpayers and thousands of customers.
EU leaders agree to joint borrowing to fund Ukraine
European Union leaders have agreed to provide a massive interest-free loan to Ukraine to meet its military and economic needs for the next two years.