Bankwest will disappear from WA streets by October as the Commonwealth Bank-owned brand closes 45 branches and switches to servicing its customers by digital means only.
Too many businesses are going cashless and it’s costing consumers. The banks and other payment providers,meanwhile,make a fortune from fees on card payments.
Lenders have started cutting fixed interest rates on home loans,as markets bet the Reserve Bank will reduce official interest rates later this year.
After a few COVID-mandated years of less tactile transactions,I’m re-embracing the simplicity of cash.
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.
Australia’s largest business lender has said it is inevitable banks will charge higher interest rates for businesses that aren’t reducing their emissions.
Credit cards and smartphones are supposed to simplify and streamline our lives. Until the IT dam wall is washed away – and with it our information and cash.
AMP is attempting to limit the crunch on its banking profits by targeting the small business market,investing in a new digital bank.
In a major turning point for savers,it is now possible to make returns that are just ahead of inflation simply by putting your money in the bank.
The mortgage war is taking a bite out of bank profits,and analysts say CBA could unleash more competition if it looks to turn around losses in market share.
The 78-year-old New Zealand politician has taken aim at Australia’s big four banks and major supermarkets for purportedly ripping off New Zealanders.