Changes aimed at stopping oligopolies becoming more entrenched through mergers make sense. Just don’t hold your breath for lower prices as a result.
Financial troubles at Armaguard highlight the strain on the system used to distribute cash to ATMs,supermarkets and post offices.
Lenders have started using their second-tier offshoots to chase home loan business.
A final ruling on the biggest deal in Australian banking since Westpac bought St George in 2008 is looming.
Treasurers,RBA chiefs,economists and high school students all line up to sing the praises of Ross Gittins over half a century.
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.
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.
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.
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.
ANZ will this week challenge the watchdog’s concerns about entrenching a banking oligopoly,as it seeks to become Australia’s third-largest home lender.
Australian banks are seeking permission from the competition watchdog to work together to ensure customers around the country can continue to easily access cash.