Westpac chief executive officer Brian Hartzer speaks during a media briefing in Sydney on November 7, 2016. Australian banking giant Westpac posted a seven percent slide in annual net profit Monday on the back of market headwinds and impairment charges but said it was well positioned with a strong balance sheet. / AFP PHOTO / WILLIAM WEST

Reality hits home for big four

THE big four banks have suffered their first slide in collective profit since the global financial crisis, triggering warnings of a painful fallout for consumers and staff.

Paltry gains on market debut

Paltry gains on market debut

IT struggled to take flight, dipping in early trade, but Ingham’s eventually found higher ground in its debut session on the stockmarket.

Nice little earner for ANZ’s ex-chief

Nice little earner for ANZ’s ex-chief

ONE of the highest paid bankers in Australia during the past year no longer even works at a bank.

Employers raise earnings hopes

Employers raise earnings hopes

THE number of jobs advertised across Australia has rallied to a four-and-a-half-year high as employers look to hire amid signs of improving earnings prospects.

King’s new crown at BCA

King’s new crown at BCA

FORMER Origin Energy chief Grant King has been appointed president of the Business Council of Australia, the ­nation’s primary business lobby group.

Breaking News

8:52PM(AEDT)

20,000 Tesco Bank customers hit by fraud

Britain's Tesco Bank has halted online payments for current account customers after money was taken from 20,000 accounts. Read more

8:52PM(AEDT)

Nissan profit falls 18 per cent

Nissan says its operating profit for the July-to-September quarter dropped 18.6 per cent year-on-year. Read more

7:22PM(AEDT)

German factory orders drop in September

Germany's Economy Ministry reports that orders in Europe's biggest economy fell 0.6 per cent in September. Read more