ANZ delivers record gains but warns of challenges ahead
Australia's third-largest bank has delivered a strong performance for the six months to March but warned of a difficult six months ahead.
banking
‘Arrogant’ banks leaving bush residents at the bus stop
The Senate inquiry into the closure of regional bank branches has received nearly 300 submissions from country communities around Australia.
The long and winding road to banking in rural Australia
The Senate inquiry into regional bank closures has heard from more than 150 rural Australians about the devastating effects of losing essential services.
Silicon Valley Bank collapse left ASX firms scrambling
Several ASX-listed tech firms had what one called "a difficult few days" after the collapse of a US bank left their funds in limbo.
After SVB fail, US acts to shore up banking confidence
US officials have moved to stem the fallout from the failure of start-up-focused Silicon Valley Bank, saying all customers will have access to their deposits.
Bank stock rout deepens amid SVB contagion fears
President Joe Biden says the public confidence the US banking system is safe, but global banking
Savers short-changed as banks scrimp on rate rises
Banks are still picking and choosing which deposit accounts to lift rates on despite pressure from the consumer watchdog to pass higher rates on to savers.
NAB bank head backs in Labor superannuation plan
Labor has received support for its superannuation plan from an interesting quarter - the chief executive of NAB.
Bank closures hurt communities, Westpac admits to probe
Westpac and NAB executives are facing the regional banking inquiry, which is examining the impact of branch closures in country towns.
Westpac halts rural closures amid political pressure
Westpac says it will postpone closures of rural banks during a Senate inquiry, the second major bank to heed calls to act in good faith.
Regional summer tourist spend tops pre-COVID levels
Spending in the regions during the summer holidays has topped pre-pandemic levels, NAB says, but people are still struggling under cost-of-living pressures.
CBA lifts half-year profit but braces for slowdown
Australia's biggest lender has lifted its half-year cash profit by nine per cent and its interim dividend by 20 per cent to $2.10 a share.
‘Bloody-minded’ banks under pressure to halt closures
Major banks are being urged to stop regional branch closures as a Senate inquiry prepares to hold its first hearing in Sale, Victoria.
Westpac to close branches despite Senate inquiry plea
A week after the launch of a Senate inquiry into regional bank closures, Westpac has announced it will close 20 branches, including in major farming regions.
CBA lifts dividend as half-year profit jumps
Australia's biggest lender has lifted its half-year cash profit by 9 per cent and lifted interim dividend by 20 per cent to $2.10 a share.
Towns putting up a fight as banks close
Regional communities are continuing to fight back against bank branch closures which could force some locals to travel hundreds of kilometres for service.
ANZ bracing for uplift in household stress
ANZ CEO Shayne Elliott has told shareholders cost-of-living pressures are starting to have a meaningful impact on household finances.
Big five banks scope out climate losses
Australia's big five banks should cope with lending losses caused by climate change but will be more vulnerable to economic downturns, a new analysis shows.
Banks to pay $126m over dodgy insurance
A class action has been settled with three of Australia's big banks, with customers sold consumer protection insurance to share in $126 million.
NAB sees 20pct decline in house prices
National Australia Bank says that while some customers will face difficulties as rates rise, the at-risk cohort is just a tiny fraction of its loan book.
Westpac says no stressed customers – yet
Westpac is seeing no signs that higher rates are causing mortgage delinquencies, but says it is inevitable they will eventually have an impact.
ANZ beats expectations but shares fall
Big-four lender ANZ has outperformed expectations with a $6.5 billion full-year profit and a higher dividend, but its shares have dropped nearly four per cent.
More rural towns lose their last bank
The Finance Sector Union says Westpac has announced the closure of 23 of its group's branches across Australia, with the loss of 92 jobs.
Bankwest to close east coast branches
About 120 staff members are expected to be affected when Bankwest closes its remaining non-West Australian branches by the end of October.
CBA profit jumps to nearly $10 billion
Australia's biggest lender has lifted its annual profit by 11 per cent and declared a final dividend of $2.10 a share.
CBA first big bank to follow RBA rise
Commonwealth Bank of Australia has lifted its variable home loan rates in line with this week's interest rate hike by the central bank.
Climate for ‘great reallocation’: Deloitte
Without a 'great reallocation' of investment by governments and industry, starting now, Australia could be at risk of hefty economic losses by 2050.
ANZ stitches deal for Suncorp banking arm
The big-four lender has agreed to pay $4.9 billion for the banking operation as it seeks to shore up its Queensland business.
Union condemns more regional bank closures
Westpac is defending a decision to close 24 bank branches across Australia, including many in regional areas.
Teen cyclone survivor confronts bank boss
A school boy cyclone survivor has challenged a bank boss to do more on climate change, interrupting an elite business summit to call out "ridiculous" lending.
CBA Q3 profit steady amid margin pressure
Australia's biggest lender says volume growth has been offset by margin pressure in a competitive market.