Business
Banking & finance
RBA says some non-bank home lenders are cutting loan standards
The RBA says some non-bank lenders are trying to overcome a tough environment by targeting higher-risk customers and cutting lending standards.
- by Clancy Yeates
Latest
Magellan shares hit 10-year low as it continues to bleed funds
The fund manager’s share price plunged by almost a fifth on Friday after it said investors pulled another $2 billion from the company last month.
- by Millie Muroi
Opinion
Aussie dollar
Aussie dollar slump makes Bullock’s rates juggling act harder
The weak Aussie dollar could worsen our inflation problem. But on its own, the lower exchange rate should not force the RBA to jack up interest rates.
- by Clancy Yeates
Westpac keeps Pacific banks as it eyes COVID-19 rebound
The bank has scrapped a plan to sell its operations in Fiji and Papua New Guinea, in a move welcomed by Canberra.
- by Clancy Yeates
Analysis
Big four
Banks cash in on buoyant property and jobs market
NAB, Westpac and ANZ Bank have ruled off a financial year that was better than feared, helped by resilience in the property market and the unemployment rate.
- by Clancy Yeates
Updated
Network outage
‘We let our customers down’: ANZ apologises after outage blocks account access
The bank said the outage hit after “a software issue which impacted a number of our core systems” but that “most systems were back online” by 5pm.
- by Lachlan Abbott and Millie Muroi
Sponsored
Mastercard
Financial innovations change the game for the vision impaired
B3 Tennis champ Courtney Webeck is preparing her campaign for the International Blind Sports games in Birmingham in the UK this August. She has been selected for the Australian team for not one but two sports, tennis and cricket.
- by Alexandra Cain
Bank bosses defend branch closures as customers go digital
Commonwealth Bank chief Matt Comyn says about 40 per cent of the bank’s 728 bank branches are in regional areas – but that CBA has to maintain profitability.
- by Millie Muroi
Mortgage market at ‘inflection point’ as banks look to lock in loans
As borrowers come to the end of their fixed-rate contracts, and economists call a peak in the cash rate, banks have brought fixed rates below variable rates.
- by Millie Muroi
Insurance profits tipped to get a boost from El Nino
After insurers were hit by record-breaking flood costs last year, investors are betting giants such as IAG and Suncorp could benefit from a hot, dry summer.
- by Clancy Yeates
Are the hard times hurting your credit score? How to check
You are not alone – there is high demand from Australians checking their credit scores.
- by Nicole Pedersen-McKinnon