Big four
Opinion
Interest rates
The world’s most important interest rate sounds a warning
The yield on US 10-year government bonds briefly hit 5 per cent on Monday for the first time since 2007, a level that could threaten the prices of property and shares.
- by Stephen Bartholomeusz
Latest
Opinion
Fintech
iPhone and apps are trumping cards for payments – but be cautious
As tech giants muscle their way into finance, regulators are wary of the risks to competition from these new players.
- by Clancy Yeates
Banks see thousands of attacks a minute. Here’s how they stop them
Cybercriminals are coaching victims, recruiting money mules and ramping up attacks. Banks are in the business of making this an expensive exercise.
- by Millie Muroi and Tim Biggs
Westpac appoints Steven Gregg as new chairman
The Ampol chairman will start in Westpac’s top board position, continuing a technology transformation after the bank slimmed down under retiring chair John McFarlane.
- by Millie Muroi
ANZ breached disclosure rules in $2.5b share sale
Federal Court justice Mark Moshinsky ruled ANZ failed to notify investors of information that was both “material” and not publicly available.
- by Millie Muroi
APRA wants to make Australian banks safer in volatile market
The collapse of Silicon Valley Bank earlier this year has prompted the financial regulator to tighten some of its standards, focusing on pulling smaller banks in line with the big four.
- by Millie Muroi
CBA mulls next move in mortgage war after losing share to rivals
Commonwealth Bank chair Paul O’Malley says the nation’s biggest mortgage lender plans to defend its turf after rivals Westpac and ANZ claimed market share.
- by Clancy Yeates
BOQ shares hit 16-month low as margin pressures intensify
Bank of Queensland boss Patrick Allaway blames the economic cycle, margin pressures across the industry and higher cost of funding for its weaker results.
- by Millie Muroi
The conveyancer’s bank details looked right. Then Simon lost $275,000
Enter the BSB and account number, plug in the account name, hit send – it’s easy to pay online. But there’s a weakness in the system that thieves have exploited to steal millions.
- by Tom Cowie
On the cusp: RBA warns thousands of borrowers cannot make ends meet
High inflation and interest rates have left up to 13 per cent of people with variable mortgages on the financial edge.
- by Shane Wright
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