Business
Banking & finance
Banks expected to report more than $15b in half-year profits
Despite continued pressure on bank profit margins, analysts expect the big four to post relatively resilient earnings over the next two weeks.
- by Millie Muroi
Latest
Why everyone in finance is getting ripped
People who spend their working lives trying to manage risk in return for long-term financial gain often fail to apply those lessons to their own health.
- by Chris Bryant
BOQ profits stifled as inflation, higher funding costs shred margins
The bank unveiled a cash profit of $172 million in the six months to February 29, down 33 per cent compared to the first half of last year.
- by Sumeyya Ilanbey
Opinion
Organised crime
How Sicily’s mafia is tightening its grip on the economy
Sicily’s tourist hot spots are living an economic boom thanks to shows like The White Lotus. But behind the beauty, its underbelly is spreading its wings.
- by Rachel Sanderson
Afterpay lifts credit limit while bracing for looming buy now, pay later laws
Afterpay is preparing for proposed government legislation that would require buy now, pay later operators to perform credit checks on new customers.
- by Millie Muroi
Opinion
Payments
The Armaguard saga shows we’re a long way from ditching cash entirely
Financial troubles at Armaguard highlight the strain on the system used to distribute cash to ATMs, supermarkets and post offices.
- by Clancy Yeates
Scammers are becoming patient: Banks say social media giants need to step up
Experts warn scammers are targeting victims through drawn-out investment and romance scams – and say social media platforms to step up prevention.
- by Millie Muroi
Under water and under pressure: The fight to fix flood insurance
As climate change increases the severity and frequency of natural disasters, insurance companies face pressure to improve the handling of their claims.
- by Sumeyya Ilanbey
Bank profit margin crunch to continue as customers shift deposits
Bank margins will continue to dwindle in the first half of this financial year, analysts say, as customers move their savings into higher-interest offerings.
- by Millie Muroi
Vanguard misled investors about its ethical fund, Federal Court finds
The asset manager wasn’t truthful about its $1 billion ethical fund, the court ruled in a major win for the corporate regulator in its crackdown on greenwashing.
- by Sumeyya Ilanbey
Bank chiefs back calls for longer election cycles
The bosses of major banks have backed calls for federal elections to be held every four years instead of three to provide more certainty for business.
- by Millie Muroi