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Latest news: Banking

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.

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

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

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

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.

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CBA ups inflation prediction as supply chains strain

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

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 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.

Past disruptions show Australian workers can weather AI

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.

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Banks, miners the winners of a resilient earning season

Banks, miners the winners of a resilient earning season

Banks, miners the winners of a resilient earning season

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

Destructive hailstorms slash insurer firm's bottom line

Destructive hailstorms slash insurer firm's bottom line

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

Regional bank sees stronger loan growth on the horizon

Regional bank sees stronger loan growth on the horizon

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

Bank business clients proving resilient, despite rates

Bank business clients proving resilient, despite rates

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

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

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

'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

AI war against 'one cent' family violence perpetrators

AI war against 'one cent' family violence perpetrators

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.

Trump names Kevin Warsh as next Federal Reserve chair

Trump names Kevin Warsh as next Federal Reserve chair

Trump names Kevin Warsh as next Federal Reserve chair

Trump names Kevin Warsh as next Federal Reserve chair

US President Donald Trump says he'll nominate former Federal Reserve governor Kevin Warsh to be the next Fed chair.

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Delayed pay? You're not the only one hit by RBA glitch

A technical issue at Australia's central bank has forced employees to wait hours for pay and created delays for those hoping to settle on properties.

CBA to repay $68m in fees to low-income customers

Following a report by ASIC, the Commonwealth Bank says it's repaying $68 million to low-income customers who incurred unusually high banking fees.

EU leaders agree to joint borrowing to fund Ukraine

European Union leaders have agreed to provide a massive interest-free loan to Ukraine to meet its military and economic needs for the next two years.

'Unconscionable': major bank's record fine bumped up

ANZ has been fined $250 million for widespread misconduct and systemic ‍failures that impacted the federal government, taxpayers ‌and thousands of customers.

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ANZ board won't follow CEO's lead and sacrifice fees

ANZ's chairman says its board has been doing its job, rejecting a suggestion from the Australian Shareholders Association that directors give back some pay.

Regional bank pinged over money laundering guardrails

Regulatory action is being taken against a major regional bank after it self-reported suspected money laundering in its operations.

'Not ready': investors chop down deforestation action

National Australia Bank shareholders have rejected resolutions related to deforestation, but its chairman says he has concerns about the practice.

'No value': bank defends dropped no-deforestation plan

Westpac's agricultural customers were clear. Its stand against deforestation is of no value, so the bank dropped plans for a forest protection policy.

CommBank cops record fine over data right breaches

Australia's biggest company has paid a record fine for breaches of data sharing rules, after it failed to enable sharing for certain account types.

Regional bank warns 'we are living in a time of change'

A bank board has faced shareholder questions about its decision to bring in a technology solutions partner, amid widespread change in the finance sector.

Risky home loans capped amid 'runaway' investor growth

A pick-up in riskier forms of home lending has prompted a regulator to set limits on high debt-to-income loans, but it is not expected to impact house prices.

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