Top Stories Politics Courts General Finance Sport World FactCheck

Factual. Independent. Impartial.

Support AAP with a free or paid subscription

Subscribe to AAP News Download our app

Factual. Independent. Impartial.

Support AAP with a free or paid subscription

Subscribe to AAP News Download our app

Latest news: Banking

Big bank not keen on refunding battlers' excessive fees

Big bank not keen on refunding battlers' excessive fees

Australia's most powerful banker has held his ground on keeping excessive fees it charged low-income customers over many years.

Big bank spells out major housing construction drought

Big bank spells out major housing construction drought

Big bank spells out major housing construction drought

Big bank spells out major housing construction drought

Westpac is financing 30 per cent fewer home builds and having more mortgage delinquencies, as its bosses plead with the government to boost housing supply.

CommBank facing suit over $8.5m in small business fees

CommBank facing suit over $8.5m in small business fees

CommBank facing suit over $8.5m in small business fees

CommBank facing suit over $8.5m in small business fees

The Commonwealth Bank has been accused of duping 42,000 small business clients by charging undisclosed fees as the corporate watchdog takes action.

Factual. Independent. Impartial.

Subscribe to AAP News

Already a member? Sign in here

'Colossal mistake': NAB slammed for $170m underpayment

'Colossal mistake': NAB slammed for $170m underpayment

A hefty bill of nearly $170 million to 66,000 staff by NAB comes after nearly 15 years of underpaying employees.

Big retail banks criticised for fossil fuel lending

Big retail banks criticised for fossil fuel lending

ANZ, Macquarie and Westpac are being accused of providing billions of dollars in financing to coal, oil and gas companies.

Shock decline in mortgage numbers stirs up the banks

Shock decline in mortgage numbers stirs up the banks

The share price of the nation's biggest home loan provider fell in the wake of official data showing new housing loan volumes slumped in the September quarter.

ANZ's cost-cutting delivers bumper profit growth

ANZ's cost-cutting delivers bumper profit growth

ANZ's cash profit has risen to $7.6 billion after the bank cut thousands of staff but the strong result hasn't been reflected in its share price.

Factual. Independent. Impartial.

Subscribe to AAP News

Already a member? Sign in here

Big bank's profit drops, warns of uncertainty ahead

Big bank's profit drops, warns of uncertainty ahead

Big bank's profit drops, warns of uncertainty ahead

Big bank's profit drops, warns of uncertainty ahead

Tough times lay ahead for households and businesses, National Australia Bank's chief has warned after the bank revealed a dip in net full-year profit.

Treasurer urged to rein in spending as rates rise again

Treasurer urged to rein in spending as rates rise again

Treasurer urged to rein in spending as rates rise again

Treasurer urged to rein in spending as rates rise again

The Reserve Bank's split 6-3 decision to raise interest rates was viewed as a dovish sign, but governor Michele Bullock would not rule out more hikes if needed.

Economic outlook darkens in latest RBA forecasts

Economic outlook darkens in latest RBA forecasts

Economic outlook darkens in latest RBA forecasts

Economic outlook darkens in latest RBA forecasts

Australian workers are projected to see real wages fall one per cent in 2026, as pay packets struggle to keep up with higher inflation.

Mortgage customers keep on top of interest rate hikes

Mortgage customers keep on top of interest rate hikes

Mortgage customers keep on top of interest rate hikes

Mortgage customers keep on top of interest rate hikes

The number of Westpac customers behind on mortgage payments has held steady despite four interest rate hikes in 2026 and the strong prospect of more to come.

November rate hike a lock after 'ugly' inflation result

November rate hike a lock after 'ugly' inflation result

November rate hike a lock after 'ugly' inflation result

November rate hike a lock after 'ugly' inflation result

All four of Australia's big banks are betting on a Melbourne Cup day rate rise after hot inflation figures heaped more pressure on the Reserve Bank.

NAB job cuts spark anxiety for thousands of workers

NAB job cuts spark anxiety for thousands of workers

NAB job cuts spark anxiety for thousands of workers

NAB job cuts spark anxiety for thousands of workers

More than 2000 NAB workers have received emails alerting them of job losses as the major lender pushes ahead with its latest restructure.

Major regional bank leaders dodge first strike on pay

Major regional bank leaders dodge first strike on pay

Major regional bank leaders dodge first strike on pay

Major regional bank leaders dodge first strike on pay

Bendigo and Adelaide Bank has passed its executive pay packet after slashing bonuses for key leaders after lapses in its anti-money-laundering compliance.

Factual. Independent. Impartial.

Subscribe to AAP News

Already a member? Sign in here

'Can't be repeated': revolt over card ban blackout

Federal ministers knew for months the tax office was considering no longer accepting credit card payments when a ban on surcharges came into effect.

Regional lender plots return to home-loan growth

Bank of Queensland is stepping back into the mortgage market with aggressively priced owner-occupier home loans originated by its digital-only brands.

Big bank rejects push to end financing of land clearing

Commonwealth Bank shareholders have firmly rejected an attempt by conservationists to get the company to end the financing of deforestation.

Smaller banks baulk at regional branch plan

Smaller banks have criticised a proposal to pool banking resources in multi-bank hubs rather than individual branches.

Access five free articles per month

Subscription Options

Already a member? Sign in here

Home buyers are waiting to see where market lands: bank

The head of Australia's largest customer-owned bank has noticed a slowdown in the housing market but says his institution is well-positioned to ride it out.

Big bank dumps scandal-hit audit firm after 57 years

ANZ is looking for a new audit firm to replace KPMG, which has been under fire for months after a whistleblowing scandal.

Card surcharge ban will take time to work through: bank

A competition could be on the cards among the banks as they battle for market share, once businesses settle their response to a ban on surcharges.

No branch closures: bank's 2030 promise to the regions

The nation's biggest bank has renewed its commitment to maintain branches for regional Australians for at least another four years.

More pain brews for borrowers as rates hit 15-year high

The Reserve Bank's decision to lift the cash rate to 4.6 per cent was unanimous, but economists are divided on whether borrowers can expect more hikes.

Cafes, shoppers at a crossroads as surcharge ban looms

Shoppers may benefit from cash discounts, but retailers will still have to pay the price on merchant fees when a card surcharge ban comes into effect.

Promise of 'light at end of the tunnel' for inflation

Labor is determined to inject optimism into Australia's gloomy consumers as another interest rate hike appears all but certain.

Topics

Politics Australia Economy, Business and Finance Environmental Issue Housing and Urban Planning Economy Business Consumers Construction and Property Retail Employment Banking Central Bank Company Information Interest Rate Earnings Inflation and Deflation Finance Nature Real Estate

No opinion, no spin, no agenda.

Support AAP News

Already a member?
Sign in here