Federal Court dismisses disclosure class actions against CBA
The judge found even though Commonwealth Bank was aware of problems before AUSTRAC’s 2017 case, it had not breached continuous disclosure obligations.
- by Clancy Yeates
Latest
Analysis
Interest rates
When interest rates eventually fall, banks will face a critical decision
In previous cycles of Reserve Bank interest-rate changes, the major banks often responded in ways that helped boost their profits. Would they use those tactics today and risk becoming a target for political attacks?
- by Clancy Yeates
Opinion
Competition
Why the crackdown on ‘killer’ deals is no silver bullet
Changes aimed at stopping oligopolies becoming more entrenched through mergers make sense. Just don’t hold your breath for lower prices as a result.
- by Clancy Yeates
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
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
D-day looms for $4.9 billion ANZ-Suncorp deal
A final ruling on the biggest deal in Australian banking since Westpac bought St George in 2008 is looming.
- by Clancy Yeates
‘The GOAT’: Ross Gittins chalks up 50 years in economics journalism
Treasurers, RBA chiefs, economists and high school students all line up to sing the praises of Ross Gittins over half a century.
- by Matt Wade and Clancy Yeates
Opinion
Big four
CBA shares hit a record this week. It doesn’t add up
Bank giants have done well during past cycles of rate cuts, partly by dudding borrowers. That trick will be harder for the banks to pull off this time.
- by Clancy Yeates
App wars: How banks are trying to win over Gen Z
Banks are in engaged in a battle of the apps, as they try to win over younger customers who are juggling saving and spending in a largely cashless world.
- by Clancy Yeates
Warning on risks as buy now, pay later surges
The Bank for International Settlements has warned that rapid global growth in buy now, pay later (BNPL) services could create risks in the financial system.
- by Clancy Yeates
Homeowners in disaster-prone areas could dump cover, insurers warn
The insurance industry says almost 230,000 homes face a one-in-20 year flood risk, as it warns more people in disaster-prone areas could opt out of cover.
- by Clancy Yeates