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.
banking
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.
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.
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.
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.
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.
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.
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.
‘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.
Bank stock rout deepens amid SVB contagion fears
President Joe Biden says the public confidence the US banking system is safe, but global banking
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.
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.
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.
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.
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.
‘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.
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.
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.
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.
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.