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Latest news: Financial and Business Service

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

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.

Watchdog pushes financial literacy to counter AI boom

Watchdog pushes financial literacy to counter AI boom

Watchdog pushes financial literacy to counter AI boom

Watchdog pushes financial literacy to counter AI boom

Artificial intelligence-powered scams featuring fake celebrities are just the tip of the iceberg when it comes to AI risks facing consumers, ASIC warns.

Financial adviser left victims 'damaged', out of pocket

Financial adviser left victims 'damaged', out of pocket

Financial adviser left victims 'damaged', out of pocket

Financial adviser left victims 'damaged', out of pocket

A tradesman who fell victim to a financial adviser, jailed for stealing more than $1 million from clients, says he was groomed and betrayed by the felon.

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Financial advisor leaves 'groomed' retirees destitute

Financial advisor leaves 'groomed' retirees destitute

A retired couple who fell victim to a financial advisor convicted of stealing more than $1 million from clients say they were "groomed" and "ripped off".

Australia Post rival shuts operations without warning

Australia Post rival shuts operations without warning

A Sydney-based delivery firm that promised to undercut Australia Post has abruptly stopped taking bookings, causing alarm for businesses.

Travel agency confesses to overcharging British clients

Travel agency confesses to overcharging British clients

An Australian corporate travel agency says large clients in the UK have been overcharged going back three years, and an investigation is ongoing.

Super giant fined over alleged misleading greenwash ads

Super giant fined over alleged misleading greenwash ads

A major super fund has been fined for allegedly making misleading online advertisements, claiming it was committed to removing all carbon emission investments.

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Tech giant founder targeted as federal police raid firm

Tech giant founder targeted as federal police raid firm

Tech giant founder targeted as federal police raid firm

Tech giant founder targeted as federal police raid firm

Shares in Australian technology giant WiseTech are in freefall, down 15 per cent in early trading, after revelations of an ASIC-AFP raid.

From gigabits to terabits: fibre to fire up downloads

From gigabits to terabits: fibre to fire up downloads

From gigabits to terabits: fibre to fire up downloads

From gigabits to terabits: fibre to fire up downloads

A fibre optic internet backbone will deliver internet speeds up to six times faster as well as a multi-billion-dollar boost to Australia's economy by 2040.

Half of Australians anxious about retirement savings

Half of Australians anxious about retirement savings

Half of Australians anxious about retirement savings

Half of Australians anxious about retirement savings

An increasing number of Australians say it would take a miracle for them to retire financially secure, according to multiple surveys.

Telcos still failing to support struggling customers

Telcos still failing to support struggling customers

Telcos still failing to support struggling customers

Telcos still failing to support struggling customers

Requests for help from customers experiencing financial hardship have been continually rejected by major telcos, according to the industry ombudsman's report.

Trump agrees outline trade deal with EU's von der Leyen

Trump agrees outline trade deal with EU's von der Leyen

Trump agrees outline trade deal with EU's von der Leyen

Trump agrees outline trade deal with EU's von der Leyen

US President Donald Trump and EU Commission chief Ursula von der Leyen have agreed to the framework of a trade deal fixing tariffs at 15 per cent on EU goods.

'Exploited' investors lose fortune, $300m fines mulled

'Exploited' investors lose fortune, $300m fines mulled

'Exploited' investors lose fortune, $300m fines mulled

'Exploited' investors lose fortune, $300m fines mulled

A brokerage that pushed risky investments onto vulnerable customers and profited from millions of dollars in losses has argued for an eight-figure fine in court

ASIC puts super on notice over complaint 'blind spots'

ASIC puts super on notice over complaint 'blind spots'

ASIC puts super on notice over complaint 'blind spots'

ASIC puts super on notice over complaint 'blind spots'

How superannuation funds track and address customer complaints is the next focus of financial watchdog ASIC's bid to whip the scandal-plagued sector into shape.

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'Hubris': financial giant in hot water over breaches

Macquarie's brokering arm is being taken to court by the financial regulator for allegedly failing to report up to 1.5 billion short sales over 14 years.

Meta's landmark trial could dismantle huge tech empire

Meta faces a historic antitrust trial which may force it to break off Instagram and WhatsApp, startups it bought that have become social media powerhouses.

Calls mount for RBA to intervene with jumbo rate cut

Markets are betting the Reserve Bank will cut rates by 50 basis points at its next meeting as American tariffs batter the global economy.

Don't be spooked by sliding super, funds warn members

Australians are being urged not to panic about their retirement incomes after Donald Trump's trade war sent global markets into a tailspin.

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Scams costing Aussies $2 billion despite losses falling

The amount Australians lost to scams fell by 25 per cent in 2024 to $2 billion as widespread campaigns to reduce their financial burden continue.

Customers tapping mad as watchdog warns on card charges

A huge number of complaints over common transactions has Australia's consumer watchdog warning businesses big and small to bide by the laws or risk a fine.

AMP's first-half profit falls 43pct to $150 million

AMP shares have dropped by double digits after the wealth manager announced it made a $150 million first-half profit, down from $265 million a year ago.

Changes to super to bolster transparency and quality

Retirees hoping to use their savings will be offered improved transparency and information as the government introduces changes to superannuation.

Home loans boost Macquarie as profit disappoints

Weaker commodities and markets revenues have hurt profits at financial services group Macquarie but its growing mortgage book has paid dividends.

Long wait for refunds of 'gobsmacking' unlawful fees

Everything from fine payments to marriage certificates have been hit with wrongful merchant surcharges in NSW over eight years.

Harvey Norman misled customers with 'interest-free' ads

Retail giant Harvey Norman misled consumers with a widespread ad campaign offering interest-free and no-deposit purchase options, the Federal Court has ruled.

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