Cost cuts limit Westpac H1 profit drop
Competition and higher provisions have weighed on Westpac's first half results, with cash profit declining 12 per cent to $3.1 billion.
banking
NAB lifts first-half profit, dividend
National Australia Bank's first-half cash profit has risen 4.1 per cent, and the lender has also lifted its interim dividend to 73 cents a share.
ANZ lifts H1 profit, eyes improved margins
The nation's third-largest bank has reported a lift in first-half profit after tightly managing costs and improving home loan processing times.
Westpac fined $113m for compliance failure
Westpac has been fined $113 million by the Federal Court for a series of compliance failures that included charging advice fees to thousands of dead customers.
Bank of Queensland lifts first-half profit
Bank of Queensland increased its profit in the first half of fiscal 2022, as it continues to bed down its acquisition of ME Bank.
Assessors, techies, bankers join mud army
Insurers say it's too soon to put a price on the floods as initial claims near $2 billion and assessors, techies and bankers muck in alongside communities.
Economy in strong position: Frydenberg
The Australian economy grew by 3.4 per cent in the December quarter, rebounding from a 1.9 per cent contraction three months earlier.
CBA lifts first half profit, share buyback
CBA has expanded its share buyback by $2 billion after first-half profit jumped 26 per cent to $4.7 billion.
Bonds spread from green to social impact
There is a growing appetite for finance linked to social impact, not just assets that are green, and bankers are gearing up.
Regulators keep eye on home loan activity
The Council of Financial Regulators are keeping a watchful eye on home loan activity after criteria for securing a mortgage was tightened earlier this year.
‘Dirty lending’, banker bonuses on agenda
Banks are walking a tightrope at this week's shareholder meetings as some investors denounce fossil fuel financing and others count the costs of past scandals.
Inflation biggest risk to outlook: Westpac
Westpac chief economist Bill Evans says rising inflation pressures pose the biggest risk for the economy in 2022.