Experts warn scammers are targeting victims through drawn-out investment and romance scams – and say social media platforms to step up prevention.
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.
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.
The bosses of Westpac and Bendigo and Adelaide Bank say late payments on home loans have ticked up,but that an easing in interest rates,which looks likely to happen this year,would support economic growth.
Companies are slashing employees’ work hours to cut costs and stay afloat as high-interest rates and inflation dampen consumer spending,bank data shows.
Don’t you think that’s crude?
Fugitive developer Jean Nassif may face further criminal action over “potential fraud and violation of directors’ duties” after administrators released a report to creditors.
Justice Michael Lee said Westpac’s agreement to pay a $1.8 million penalty and $8 million for litigation and investigation costs for unconscionable conduct would shock many people.
After an outbreak of fierce competition in the $2.1 trillion mortgage market,analysts are pointing to signs big banks are no longer offering home loan rates that are near the cheapest available.
Westpac customers were cut off from the bank’s online services following an outage on Monday night that stretched into the early hours of Tuesday.
Now that all the major banks have reported their 2023 profits,the conventional notion that Australia’s big four lenders act as a herd is being challenged.