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Latest news: Finance

Westpac to pay millions after 'unconscionable conduct'

Westpac to pay millions after 'unconscionable conduct'

After being taken to court by the corporate watchdog, Westpac has been penalised for engaging in in unconscionable conduct in 2016.

ME Bank fined $820k for misleading home loan customers

ME Bank fined $820k for misleading home loan customers

ME Bank fined $820k for misleading home loan customers

ME Bank fined $820k for misleading home loan customers

ME Bank has admitted sending incorrect letters to hundreds of home loan customers because of a technical software issue.

Facebook pleads not guilty in Twiggy clickbait battle

Facebook pleads not guilty in Twiggy clickbait battle

Facebook pleads not guilty in Twiggy clickbait battle

Facebook pleads not guilty in Twiggy clickbait battle

Facebook parent company Meta has pleaded not guilty to charges brought by billionaire Andrew Forrest over an alleged cryptocurrency clickbait advertising scam.

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Airbnb faces $30m bill over Australian dollar confusion

Airbnb faces $30m bill over Australian dollar confusion

A judge has fined Airbnb $15 million over its misleading and deceptive conduct towards Australian customers, who may get millions more in compensation.

NAB chair defends bank's climate pledges at fiery talks

NAB chair defends bank's climate pledges at fiery talks

Shareholders have grilled NAB's chairman over the banking giant's commitment to climate change at a heated annual general meeting.

Parking meter app contract lacked transparency, value

Parking meter app contract lacked transparency, value

The NSW Audit Office has slammed a contract entered into under the previous coalition government without officials engaging in a tender process.

Indigenous people record high rates of financial stress

Indigenous people record high rates of financial stress

Financial complaints from First Nations people have soared by 13 per cent in a year and the rates of hardship experienced are causing a significant concern.

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Mercer Financial fined $12m over fees for no service

Mercer Financial fined $12m over fees for no service

Mercer Financial fined $12m over fees for no service

Mercer Financial fined $12m over fees for no service

Mercer admitted inadequate fee disclosures and to charging 761 clients a combined $4.7 million in fees for services they never received.

Rinehart pushed father to 'breaking point', court told

Rinehart pushed father to 'breaking point', court told

Rinehart pushed father to 'breaking point', court told

Rinehart pushed father to 'breaking point', court told

A court battle over iron ore riches has been told billionaire Gina Rinehart's father Lang Hancock was concerned his daughter may "destroy" his life's work.

Rinehart children's closing court bid for mining riches

Rinehart children's closing court bid for mining riches

Rinehart children's closing court bid for mining riches

Rinehart children's closing court bid for mining riches

A court battle over iron ore riches has resumed, with billionaire Gina Rinehart's eldest children attending a hearing as their lawyer wraps up their case.

Westpac posts $7b profit, launches $1.5b share buyback

Westpac posts $7b profit, launches $1.5b share buyback

Westpac posts $7b profit, launches $1.5b share buyback

Westpac posts $7b profit, launches $1.5b share buyback

Westpac has posted a 26 per cent rise in net profit of $7.2 billion for 2022/23 and released a climate report which will affect lending to farmers.

Court ruling delays Santos' Barossa gas pipe dream

Court ruling delays Santos' Barossa gas pipe dream

Court ruling delays Santos' Barossa gas pipe dream

Court ruling delays Santos' Barossa gas pipe dream

Australian gas giant Santos' Barossa project has been stalled again hours before work on the $5 billion pipeline was due to begin.

Watchdog probes investments following lawyer's death

Watchdog probes investments following lawyer's death

Watchdog probes investments following lawyer's death

Watchdog probes investments following lawyer's death

A Victorian law firm has uncovered concerns about mortgage investments made by a partner following his death and reported it to the legal watchdog.

Appliance sales switch off as economy slows JB Hi-Fi

Appliance sales switch off as economy slows JB Hi-Fi

Appliance sales switch off as economy slows JB Hi-Fi

Appliance sales switch off as economy slows JB Hi-Fi

Home appliance and consumer electronics sales fell for JB Hi-Fi and The Good Guys as the companies face a 'tougher retail trading environment'.

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Talks begin on looming pay day super changes

A plan to claw back billions of unpaid superannuation to workers could force businesses to pay super into employees' funds on the same day as their salary.

Fierce court battle for Hancock mining riches reignites

A court battle over iron ore riches has resumed, as billionaire Gina Rinehart defends her fortune amid a legal dispute over her mining pioneer father's legacy.

Super fund invests in Tasmanian private forestry

Tasmania's largest private forestry company has been acquired by an Australian superannuation fund and two overseas pension entities.

Comm Bank defends deposit fee hike for businesses

Small businesses will soon be hit with additional charges if they choose to make cash deposits at the Commonwealth Bank.

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'No vision': Libs lash first NSW Labor budget in decade

The NSW opposition has delivered a scathing reply to the state budget, as the government faces questions over a missing drug reform summit.

Qantas workers eye compensation after High Court case

Sacked Qantas workers will be aiming for compensation after the High Court found the airline's decision to outsource their jobs was illegal.

Flyer distributer charged with 2400 child work breaches

A Victorian watchdog has charged a major distributer after it allegedly hired more than 400 children under 15 to deliver catalogues and flyers.

Government concedes climate change may impact bonds

The Australian government has agreed to a proposed settlement, conceding climate change may affect the value of its bonds, to end an investor class action.

Company profits raise concerns over living costs

Hefty profits reported this week by a trio of major Australian companies, including Qantas, are feeding into public debate about the rising cost of living.

Door ajar for pre-2035 closure of coal power station

Energy giant AGL and the Victorian government have inked a deal to leave the door open for a coal-fired power station to close earlier than 2035.

Class action over AMP's misconduct settles for $110m

Financial giant AMP has agreed to pay $110 million to angry shareholders suing over misconduct revealed at the banking royal commission.

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