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Latest news: Banking

CBA shares suffer biggest drop ever after earnings miss

CBA shares suffer biggest drop ever after earnings miss

Australia's largest bank turned a smaller-than-expected quarterly profit of $2.7 billion because it set aside more cash to protect from loans that go bad.

Alleged ATM heist bomb explodes in accused thief's face

Alleged ATM heist bomb explodes in accused thief's face

Alleged ATM heist bomb explodes in accused thief's face

Alleged ATM heist bomb explodes in accused thief's face

An accused bank robber has been left with serious facial injuries after a homemade bomb used to break into an ATM blew up in his face.

Investment bank Macquarie posts second-highest profit

Investment bank Macquarie posts second-highest profit

Investment bank Macquarie posts second-highest profit

Investment bank Macquarie posts second-highest profit

Macquarie Group has beaten expectations with a $4.8 billion annual profit, half of which the investment bank will return to shareholders.

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Lenders told to 'support customers' facing hard times

Lenders told to 'support customers' facing hard times

Lenders must watch out for customers because the corporate regulator won't take a backward step as households face hardship, the outgoing ASIC chair will warn.

Oil crisis not over: warnings of diesel over $4 a litre

Oil crisis not over: warnings of diesel over $4 a litre

With the Strait of Hormuz still shut and stockpiles running down, economists warn fuel prices could spike above levels previously seen during this oil crisis.

Big bank warns of recession risk as uncertainty lingers

Big bank warns of recession risk as uncertainty lingers

The head of Australia's second-largest bank is more worried about businesses delaying investment decisions than the impact of higher interest rates.

Most Aussies ready to withstand another rate hike: NAB

Most Aussies ready to withstand another rate hike: NAB

The majority of business and retail customers have solid buffers and will be able to deal with an anticipated interest rate hike, a big four bank says.

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Australia will avoid recession, despite global jitters

Australia will avoid recession, despite global jitters

Australia will avoid recession, despite global jitters

Australia will avoid recession, despite global jitters

One of the big four banks has delivered encouraging news about Australia's chances of avoiding a recession, which could still emerge in the global economy.

Too good to be true: criminal groups target money mules

Too good to be true: criminal groups target money mules

Too good to be true: criminal groups target money mules

Too good to be true: criminal groups target money mules

Criminal groups are recruiting university students and the unemployed as money mules to launder money and the proceeds from scams.

Banks to reveal how Iran conflict has affected earnings

Banks to reveal how Iran conflict has affected earnings

Banks to reveal how Iran conflict has affected earnings

Banks to reveal how Iran conflict has affected earnings

Investors will be watching the banks' provisions for bad debts when ANZ, NAB and Westpac report their half-year earnings in the coming days.

Regional bank pins growth hopes on digital services

Regional bank pins growth hopes on digital services

Regional bank pins growth hopes on digital services

Regional bank pins growth hopes on digital services

Bank of Queensland has played up the success of its digital arm despite reporting a profit decline ahead of further expected interest rate hikes.

Big bank takes action as Middle East crisis rolls on

Big bank takes action as Middle East crisis rolls on

Big bank takes action as Middle East crisis rolls on

Big bank takes action as Middle East crisis rolls on

National Australia Bank has followed Westpac to apply new measures to head off the impact of the Middle East conflict on its balance sheet.

War hits home for big Aussie bank as confidence slumps

War hits home for big Aussie bank as confidence slumps

War hits home for big Aussie bank as confidence slumps

War hits home for big Aussie bank as confidence slumps

One of the big four banks has become the first to reveal that the conflict in the Middle East is affecting its business, ahead of the May federal budget.

Fuel, fertiliser shortages could deliver barren harvest

Fuel, fertiliser shortages could deliver barren harvest

Fuel, fertiliser shortages could deliver barren harvest

Fuel, fertiliser shortages could deliver barren harvest

After a record-breaking year, agricultural businesses may need to change their approach to succeed amid worldwide supply issues.

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Cafes, hotels take swipe at $1.6b consumer card fee win

The RBA has binned surcharge fees on debit and credit card transactions, which it says will save punters $1.6 billion - if businesses pass on the savings.

CBA ups inflation prediction as supply chains strain

Australia is staring down the barrel of inflation above five per cent as a result of the Iran oil supply shock, economists from the Commonwealth Bank warn.

EV loans double as pressured drivers dodge petrol pump

After years of government incentives to boost electric vehicle sales, a climate change sceptic's war has Aussies ditching the pump for the plug at high speed.

NAB trims domestic workforce, bolsters offshore staff

NAB has proposed reducing its Australian workforce by 170 roles, while increasing staffing at its "innovation centres" in India and Vietnam.

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Past disruptions show Australian workers can weather AI

A federal government minister says Australia could see the creation of lots of jobs involving empathy and human connectedness as AI adoption increases.

Banks, miners the winners of a resilient earning season

After three years of declining profits, Australian corporations as a whole returned to growth this reporting season, led by banks including CBA and NAB.

Destructive hailstorms slash insurer firm's bottom line

Suncorp's first-half profit has dropped 76 per cent after the insurer paid $1.3 billion in natural hazard claims, mostly related to two thunderstorms.

Regional bank sees stronger loan growth on the horizon

A regional bank has earmarked money to deal with regulatory issues after reporting a dip in net cash earnings, partly driven by a fall in lending.

Bank business clients proving resilient, despite rates

One of the bright spots in Commonwealth Bank's interim results this week was its interactions with businesses, particularly in regional Australia.

'Stonking result': big bank basks in best day for years

Shares in Australia's biggest bank have soared to a three-month high after it beat earnings expectations with "a really clean set of numbers".

AI war against 'one cent' family violence perpetrators

The use of artificial intelligence can be challenging for many Australians, but one major business has found ways to bring good out of the groundbreaking tech.

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