Big four
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
Latest
Armaguard rejects $26 million lifeline after being asked to open its books
After asking for financial support and walking away from $26 million on offer, Armaguard will try to negotiate with customers individually, but good faith may have eroded along the way.
- by Jessica Yun
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
NAB boss rings alarm on housing crisis
NAB’s outgoing chief executive Ross McEwan says Australia’s housing shortage could hamper economic growth and slow the inflow of migrants, as house prices continue to rise.
- by Millie Muroi
Opinion
Home loans
Banks are changing the way they fight the mortgage war
Lenders have started using their second-tier offshoots to chase home loan business.
- by Clancy Yeates
Analysis
Scams
$80 million in scams prevented as NAB rolls out new payment alerts
A new alert system from NAB has saved customers – including many desperate Swifties – a total of $80 million in potential scams.
- by John Collett
$34 billion in payouts to come for investors despite weaker profits
Payouts to investors will ramp up in the coming week with companies keen on maintaining dividend payments despite weaker profits.
- by Millie Muroi
Bank branch closures roll on as cash usage declines
More than 1400 bank branches have closed in Australia since 2017. But there are key reasons why it’s important for banks to maintain their physical presence.
- by Millie Muroi
ACCC cracks down on fake specials, dodgy online claims amid cost of living pressures
The chair of the competition and consumer watchdog has put supermarkets, airlines, banks, telcos, ecommerce players and digital platforms on notice.
- by Jessica Yun
‘Hard to fathom’: analysts wary of surge in bank shares
Analysts and investors say shares in the country’s biggest bank are defying logic as they trade near record highs despite increasing headwinds.
- by Millie Muroi
Shadow bank lending on the rise as big four pull back
Shadow bank lenders are seeing a rise in demand as the traditional banks tighten their loan books to ward against major defaults in commercial property.
- by Carolyn Cummins