ASIC sues NAB for ‘failing’ customers facing financial hardship

ASIC sues NAB for ‘failing’ customers facing financial hardship

The corporate regulator cited submissions from people who had left violent relationships or who had lost work during the pandemic.

  • bySumeyya Ilanbey

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Australia likely to get hurt in Trump’s trade war,warns NAB boss

Australia likely to get hurt in Trump’s trade war,warns NAB boss

The nation’s largest business lender says local companies could be hit hard if president-elect Donald Trump ploughs ahead with his tariff threats.

  • bySumeyya Ilanbey
Banks tipped to rake in $30b as most borrowers weather interest rate storm

Banks tipped to rake in $30b as most borrowers weather interest rate storm

Customers who continued paying off home loans despite cost-of-living pressures are expected to support the profits of the majors,to be revealed this week.

  • bySumeyya Ilanbey
Cash v debit card fees:There is no free lunch

Cash v debit card fees:There is no free lunch

The government has picked debit card surcharges as the latest enemy to target in its fight to conquer the cost of living crisis. But beware the pea and thimble trick.

  • byElizabeth Knight
Being sober the new black for big business

Being sober the new black for big business

Many mining and manufacturing workplaces already have liquor bans in place,and it’s a safe bet that workplace drinking could go the way of the dinosaurs within a decade.

  • byElizabeth Knight
Hoping for the RBA to cut interest rates? Here’s what the big four banks are saying

Hoping for the RBA to cut interest rates? Here’s what the big four banks are saying

While markets are expecting at least one rate cut before the end of the year,RBA governor Michele Bullock and most of the big four banks disagree.

  • byMillie Muroi
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‘Astronomical’ rise in mortgage offset accounts since the pandemic:NAB

‘Astronomical’ rise in mortgage offset accounts since the pandemic:NAB

Australians aged under 55 have been rapidly eating into their savings as they bear the brunt of the Reserve Bank’s fight against inflation.

  • bySumeyya Ilanbey
Businesses show surprising confidence despite inflation woes

Businesses show surprising confidence despite inflation woes

While a significant number of businesses are struggling,60 per cent of companies say they are planning to expand in the next year,a survey shows.

  • bySumeyya Ilanbey
Banks make sneaky cash grab as deposit rates trimmed

Banks make sneaky cash grab as deposit rates trimmed

Some would call it a margin-plumping exercise – the banks prefer to think of it as margin protection. Either way,it’s good for bank profitability.

  • byElizabeth Knight
NAB says more customers falling behind on mortgages

NAB says more customers falling behind on mortgages

NAB chief executive Andrew Irvine said cost-of-living pressures and high-interest rates continued to weigh down mortgage holders.

  • bySumeyya Ilanbey
Which big bank is betting that rate cuts are imminent?

Which big bank is betting that rate cuts are imminent?

One of the big four banks in Australia has slashed its three-year fixed rate by a huge 60 basis points as it bets big on interest rates going down.

  • byNicole Pedersen-McKinnon