Business
Banking & finance
ANZ traders exited over intoxication, profane language: Shayne Elliott
Three ANZ traders left the bank after an internal investigation found they used profane language in the Sydney dealing room.
- by Sumeyya Ilanbey
Latest
Young renters falling further behind wealthy homeowners
Until the central bank begins cutting the cash rate, the homeownership disparity will stretch, says the head of Bendigo and Adelaide bank.
- by Sumeyya Ilanbey
Opinion
Property investment
Should big super get involved in tackling housing affordability?
Recent moves by major funds to invest in housing are welcome, but we shouldn’t expect the sector to have a significant impact on the wider property market.
- by Clancy Yeates
‘It doesn’t run out of battery’: How close are we to a cashless economy?
Most members of Gen Z say they won’t be using cash within a decade. But is Australia ready to ditch notes and coins?
- by David Swan
Fed chair Jerome Powell: ‘The time has come’ for interest rate cuts
The US Federal Reserve is ready to cut interest rates, confident that inflation is easing to normal levels and wary of any more slowing in the job market.
- by Rachel Siegel
Updated
Interest rates
CBA reignites mortgage wars with lower rates for new borrowers
The Commonwealth Bank of Australia has cut interest rates on home loans for new borrowers, days after the nation’s largest lender was criticised for slashing the rate on term deposits.Â
- by Sumeyya Ilanbey
ANZ hit with extra $250 million capital charge over poor culture concerns
The Australian Prudential Regulation Authority has expressed it has heightened concerns about ANZ’s corporate governance stemming from the bank’s bonds trading scandal, and demanded the bank holds an extra $250 million in capital until it cleans up its cultural problems.
- by Sumeyya Ilanbey
Nadine and Ken: The ‘affair’ that has sparked a $54 million battle at a banking giant
Nadine Ahn appeared to be riding a wave of success earlier this year after a $15 billion takeover took her to the top of the banking tree. Weeks later she was sacked.
- by Michael Bow
‘Unreasonable’: ANZ staffer loses bid to work from home permanently
Employee’s plea to permanently work from home because she feared contracting coronavirus has been rejected by the Fair Work Commission.
- by Sumeyya Ilanbey
‘Death by a thousand cuts’: Bank of Queensland slashes up to 400 jobs
The Bank of Queensland will axe up to 400 jobs and acquire more than 100 franchised businesses in a move its chief executive Patrick Allaway says is aimed at simplifying the business.Â
- by Sumeyya Ilanbey
Watchdog sets sights on insurers as premiums, complaints soar
Amid a surge in insurance premiums, the corporate regulator says acting against insurance misconduct will be a key focus.
- by Clancy Yeates