The bank unveiled a cash profit of $172 million in the six months to February 29,down 33 per cent compared to the first half of last year.
A parliamentary committee has launched an inquiry into the hidden problem of financial abuse in Australia,which has been described as a form of domestic violence that often goes undetected.
A new alert system from NAB has saved customers – including many desperate Swifties – a total of $80 million in potential scams.
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.