Shareholders slug Bank of Queensland with first strike
Bank of Queensland is the latest Australian company to suffer a first strike to its remuneration report after a year of falling profits and regulatory strife.
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Customers unable to reach accounts in Westpac outage
Some Westpac customers have been unable to reach their accounts after an apparent online outage, as the bank says it is working to rectify the issue.
Banking ‘bullies’ leave vulnerable people open to scams
Post offices are increasingly filling the void when rural banks shut down, but they're not always paid for their services, a Senate inquiry has been told.
Court greenlights $110m deal over AMP ‘misconduct’
A court has signed off on a $110 million class action settlement supported by shareholders stung by financial giant AMP charging people fees for no service.
ANZ joins this banking season’s $7b earnings club
Environmental groups are calling out ANZ's climate commitments while analysts said $7.4 billion in profit was a slight miss to consensus estimates.
NAB customers cut spending, interest rate peak in sight
National Australia Bank has been looking at how its business and personal customers are dealing with rising interest rates, and the news isn't too bad.
Menacing messages to be targeted by AI banking tool
Artificial intelligence will be used to identify and flag threatening messages sent to victims' bank accounts, in a tool to be shared with banks worldwide.
Westpac posts $7b profit, launches $1.5b share buyback
Westpac has posted a 26 per cent rise in net profit of $7.2 billion for 2022/23 and released a climate report which will affect lending to farmers.
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Plan to step up climate investment in vital regions
Super funds and other climate investors have released a plan to help bankroll new industries so workers facing job losses do not shoulder the burden alone.
Bank boss tips living costs to ease, defends big profit
Most customers of Australia's biggest bank are well positioned despite a cost of living crisis, its chief says after the company booked a $10.2 billion profit.
Suncorp banking chief leaving amid court battle on sale
The chief executive of Suncorp Bank is leaving for wealth manager Colonial First State amid a court battle to sell the group's division to one of the Big Four.
Banks push back on mandates to stay in rural Australia
Increasing branch closures across rural Australia have raised the possibility of forcing banks to operate a minimum number of country outlets.
Regulator taking Westpac to court over hardship cases
The corporate regulator has alleged that between 2015 and 2022 Westpac didn't respond to financial hardship notices from 229 customers.
Class action over AMP’s misconduct settles for $110m
Financial giant AMP has agreed to pay $110 million to angry shareholders suing over misconduct revealed at the banking royal commission.
CBA posts record profit as mortgage borrowers cling on
As rising interest rates boost Commonwealth Bank profits, consumers appear relatively resilient with mortgage arrears remaining low.
ANZ won’t let sun set on stalled $4.9b bank takeover
ANZ plans to appeal to a competition tribunal after the ACCC blocked its proposed $4.9 billion purchase of Suncorp's banking arm.
Major banks face grilling on approach to rates, scams
A parliamentary committee will hear from two of the top four bank chief executives on the impact of rising interest rates and online security concerns.
More asking for help but borrowers resilient, says ANZ
ANZ chief executive officer Shayne Elliott says the major bank's customers are faring pretty well as interest rates rise and economic conditions decline.
More asking for help but borrowers resilient: ANZ
ANZ chief executive officer Shayne Elliott says the major bank's customers are faring pretty well as interest rates rise and economic conditions decline.
Resilient home loan borrowers surprise big bank bosses
Top executives from ANZ and NAB say their customers are faring pretty well as interest rates rise and economic conditions decline.
CBA, Westpac chiefs to front banking inquiry hearing
The parliament's economics committee will hear from the chief executives and senior officers of Westpac and Commonwealth Bank.
CBA customers dipping into savings and tightening belts
Commonwealth Bank CEO Matt Comyn says households are struggling but the strong labour market means most customers are still meeting mortgage repayments.
Bank boss says renters tightening their belts the most
Households are struggling, with renters pulling back on spending more than other groups, Commonwealth Bank chief Matt Comyn says.
ANZ, Suncorp agree to major investments in Queensland
ANZ is promising to establish a major tech hub in Brisbane while Suncorp says it will establish a new disaster response centre at its headquarters there.
JPMorgan reach $A430m settlement with Epstein victims
After months of embarrassing disclosures JPMorgan ignored internal warnings about their client Jeffrey Epstein, the bank settled a class action out of court.
Call for ‘no deforestation’ conditions on bank loans
To mark World Environment Day, Australian conservationists are calling for banks to stop funding the clearing of wildlife habitats by agriculture businesses.
Clampdown on buy now, pay later following abuse claims
The federal government will regulate buy now, pay later services in a bid to protect Australians against financial abuse and hardship.
ANZ closed flood-ravaged rural bank due to $1m rebuild
ANZ executives have been accused of treating regional Australians with "disgust" and paying lip service to government inquiries.
Rural Australians told to look beyond big four banks
Community banking could be an alternative for rural communities, where the big four banks are increasingly shutting their doors.
Banks leaving rural Oz despite billion-dollar future
The inquiry into the closure of bank branches across regional Australia is set to hear from major banks, Queensland farmers and councils.
AustralianSuper to repay $70m to double-billed members
AustralianSuper is apologising after it failed to detect about 100,000 members with multiple accounts who were inadvertently double billed for fees.