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Suncorp banking and wealth chief John Nesbitt says banks will focus more on deposits.

Competition for deposits heating up

Clancy Yeates

Banks are likely to compete more to attract deposits as a result of the recent jump in wholesale funding costs and looming regulatory changes, says Australia's fifth-largest retail bank.

Yvonne Skarbek.

'Like playing Russian Roulette'

Lucy Cormack

Doctor and mum Yvonne Skarbek had her faulty Thermomix seal replaced following women being burnt interstate. But it doesn't quite fit.

Rising bad debts aren't the only worry for bank investors.

Banks tipped to fall further

Stephen Cauchi

Big banks have been sold off heavily on Tuesday and there's more downside to come, according to analysts.

The ACCC found Valve made false or misleading representations to Australian consumers.

Online games giant breaches law

Georgia Wilkins

The company behind one of the world's most popular video games websites has been found to be in breach of Australian consumer law.

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Animation: The Taxman's Trek

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VIDEO Watch the Commissioner of Taxation Chris Jordan's three year trek through the tricky terrain of the ATO.

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The Economy

Commission backs Labor tax policy to balance budget

Dr Ian Watt.
Peter Martin, Jessica Irvine

A high-powered independent commission has backed Labor's approach to capital gains tax and negative gearing, undercutting prime minister Malcolm Turnbull and treasurer Scott Morrison who say it will "smash" housing prices.

Retail

Banking & Finance

Drummond faces fresh challenges at Medibank

In all, incoming Medibank boss Craig Drummond could receive as much as $6 million a year.
Brian Robins and Clancy Yeates

After missing out on the top job at National Australia Bank, the former analyst-turned investment banker Craig Drummond has been tapped to run Medibank Private, the country's largest health insurer, replacing the outgoing chief executive, George Savvides.

Mining & Resources

World Business

China

Australia's role in the 'new' China

China is looking to regain its place as the world's top economic power.
Michael Heath and Daniel Petrie

A Chinese economic satellite some 4,000 miles from Beijing is signaling the nation's bid to remodel its growth drivers is making headway.

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Money

Don't fall for fraud this April Fool's Day

<i>Illustration: Michael Mucci.</i>
Leo D'Angelo Fisher

It's April Fool's Day this week, but some tricks are nastier than others. Money shows you how to protect yourself from financial fraud.

Small Business

Business Video

Three reasons to cheer up about Australia

Despite Australian consumers being among the gloomiest in Asia, there are plenty of reasons to be cheerful about Australia's prospects.

Duration
01:17