Plague of our time: banks devoting more to scam fight
Australia's big four banks say they're setting aside more resources to prevent customers being scammed out of their money.
banking
No cost to taxpayers from bond scandal: ANZ head
There will be consequences across ANZ following the misconduct of employees over bonds, the company's head says.
Bank chiefs don’t rate a quick end to costs crunch
Interest rates might have reached their peak but the head of Westpac says many households are still grappling with tight budgets.
Regional bank to slash 400 jobs, take over branches
Bank of Queensland says in addition to about 400 job lay-offs, it will convert its 114 owner-managed branches to corporate ones.
Building costs in the frame for ongoing housing crisis
The Reserve Bank says it is closely monitoring the housing shortage, but dismisses reports a construction union is to blame for escalating costs.
Shareholders still cash in as CBA profit slips to $9.5b
Commonwealth Bank's net profit after tax was down six per cent to $9.5 billion in 2023/24 but Australia's biggest bank is increasing its dividend.
Call for ad ban on easy credit for groceries, medicines
A popular form of credit to encourage online shopping has morphed into a crutch for trying to stay a step ahead of financial disaster, an inquiry has been told.
Banks lashed for ripping off poorer customers
The market watchdog has slammed four major banks for causing financial distress to more than two million Australians by systematically overcharging on fees.
Greenlight for ANZ’s takeover of Suncorp’s banking arm
ANZ's multibillion-dollar deal to buy Suncorp's banking arm is full steam ahead after federal Treasurer Jim Chalmers approved the plan.
$1.5b data spend to simplify bank switching a ‘flop’
A banking industry-backed report says just 0.3 per cent of bank customers were actively using the data-sharing arrangements made possible by costly investments.
Pacific’s dwindling banking services in the spotlight
The first Pacific Banking Forum will investigate why banking services are dwindling in the region and consider how to ensure a sustainable financial system.
Forum seeks fix for Pacific’s sinking banking services
The driving forces behind banking services cuts in the Pacific and how to prevent a mass exodus is being investigated at an inaugural forum in Brisbane.
ANZ-Suncorp deal gets final stamp of approval
ANZ's multi-billion acquisition of Suncorp's banking arm and its 1.2 million customers will be completed within weeks.
Pacific banking bolstered with federal $6 million boost
Banking services in Pacific nations will be strengthened with $6.3 million from the federal government, as Australian financial services are urged to stay.
Cash still king as big business bails out Armaguard
Some of Australia's biggest companies have put their money where their mouth is by stepping in to save cash carrier Armaguard in a $50 million deal.
Stubborn economic challenges hang over RBA rates call
A June interest rate meeting comes as the federal government defends its budget management in an economy facing slow growth and persistent inflation.
Households keep falling behind as rate increases bite
Most borrowers are adapting to tough financial conditions but the number of people in hardship or struggling to meet repayments is growing.
Tiwi Islanders take aim at bank’s complaint rejection
ANZ has rejected a complaint from Tiwi traditional owners who say the bank's funding of fossil fuel projects contribute to adverse human rights impacts.
‘I don’t do fraud’: jury hears ex-NAB staffer’s denials
NAB was targeted by separate plots to use leaked, fraudulent bank documents to purchase Sydney properties and withdraw over $21 million, jurors have heard.
Wanted: funds to pollinate climate, nature start-ups
Investors are being tapped for funding for early-stage companies tackling the climate crisis, the energy transition, new foods and cleaner industry.
banking
construction and property
consumers
economy, business and finance
electrical appliance
electricity production and distribution
energy
environmental issue
finance (general)
politics
Green bank unlocks cheap loans for home energy upgrades
Some $60 million in cheap loans is up for grabs as part of a $1 billion federal fund to encourage homeowners to install solar panels and batteries.
Rural Australians left up in the air as banks shut down
Up to 600 Australian towns no longer have a bank, forcing country people to go to extraordinary lengths to manage their money.
abusive behaviour
banking
children
computing and information technology
consumers
economy, business and finance
human rights
insurance
investments
politics
professional - women general
science (general)
technology (general)
Commissioner warns of ‘tech wreck’ from unchecked abuse
As Australia races to retrofit laws for generative artificial intelligence, the nation's eSafety commissioner says investigators face real-life harms every day.
‘No care factor’ as banks abandon remote communities
Business owners are having to fly with bags of cash to city banks after a remote branch closed its doors, amid reports of robberies, scams and elder abuse.
People First Bank kicks along membership, deposits
Australia's largest customer-owned bank has reported a $31 million profit in the first half, down slightly from the same time a year ago.
ANZ, Suncorp welcome takeover approval as ACCC reflects
ANZ's proposed $4.9 billion takeover of Suncorp's banking arm will proceed after a tribunal found it would not lessen competition but would benefit consumers.
Commonwealth Bank reports $5.02 billion H1 profit
Australia's biggest bank made $5 billion in profit in the first half, down three per cent from a year ago, but has raised its dividend.
Westpac to pay millions after ‘unconscionable conduct’
After being taken to court by the corporate watchdog, Westpac has been penalised for engaging in in unconscionable conduct in 2016.
ME Bank fined $820k for misleading home loan customers
ME Bank has admitted sending incorrect letters to hundreds of home loan customers because of a technical software issue.
Clowning around: climate activists disrupt ANZ meeting
ANZ chief executive Shayne Elliott has told shareholders that the bank's climate commitments are considered by its top executives on a daily basis.
NAB chair defends bank’s climate pledges at fiery talks
Shareholders have grilled NAB's chairman over the banking giant's commitment to climate change at a heated annual general meeting.