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.
banking
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.
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.
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.
agriculture
banking
coal
economy, business and finance
education
electricity production and distribution
energy
energy and resource
government health care
manufacturing and engineering
mining
politics
transport
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.