Opinion
Big four
The one player fuelling the $148b bank bonanza
The surge in bank shares this year has been truly enormous. But if booming profits aren’t driving the great bank share rally, what is?
- by Clancy Yeates
Latest
CBA caves in to pressure over plan to charge $3 for branch withdrawals
Facing a backlash, the bank has paused a move that would have led to about 50,000 extra customers charged for withdrawing cash from branches.
- by Sumeyya Ilanbey, Millie Muroi and Clancy Yeates
Opinion
Investing
Do the changes to Australia’s $230 billion giant mean anything?
Some argue the new mandate for the taxpayer-owned Future Fund won’t change that much. But if that’s the case, then why do it?
- by Clancy Yeates
Super funds warned over delays in assessing life insurance claims
ASIC believes the scale of alleged failings at $94-billion super fund Cbus are a broader industry issue, and it’s flagged there could be more “enforcement action to follow”.
- by Sumeyya Ilanbey and Clancy Yeates
Afterpay billionaires say Australia is well on its way to a cashless future
Nick Molnar and Anthony Eisen built an empire by detecting and responding to major shifts in financial behaviour. So their views on the immediate future carry weight.
- by Clancy Yeates
Opinion
Banking products
Banks spend billions on tech, so why are outages still a thing?
You are not imagining it: the overall impact of banks’ technology glitches hasn’t really improved, despite their deep pockets.
- by Clancy Yeates
Opinion
Payments
Why those pesky card surcharges are no longer doing their job
Extra fees for paying on a card have annoyed consumers for years. Now there’s a compelling case for making significant changes to the surcharging regime.
- by Clancy Yeates
Opinion
Banking products
Would banks use Reserve Bank rate cuts to claw back a bit extra from savers?
Savers beware: some analysts think that when interest rates fall, banks will try to cut rates on savings accounts by more than the RBA’s reductions.
- by Clancy Yeates
Opinion
Retail
Frugal response to tax cuts should be music to Reserve Bank’s ears
The lack of a tax-cut-induced spending spree shows consumers have well and truly got the message about tightening their spending.
- by Clancy Yeates
‘Chilling effect:’ Business heavyweights send an economic warning to Canberra
Business titans said the rising populist tone in public debate is a danger to the economy as they faced Prime Minister Anthony Albanese at a high-powered event on Tuesday night.
- by Clancy Yeates
Opinion
Home loans
Rise of the mortgage broker: Battle brews over home loan spoils
Major banks are engaged in a rearguard action to retain relationships with home loan customers, after the transformative rise of mortgage brokers.
- by Clancy Yeates