Big win looms for Parramatta CBD
As one major Australian bank prepares to leave western Sydney, another is preparing to move in with the NAB likely to become an anchor tenant at Parramatta Council and Walkercorp's Parramatta Square project.
Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.
As one major Australian bank prepares to leave western Sydney, another is preparing to move in with the NAB likely to become an anchor tenant at Parramatta Council and Walkercorp's Parramatta Square project.
The cost of locking in a fixed-rate mortgage is tipped to rise thanks to a surge in global bond yields, which has gained momentum after Donald Trump's election win.
Citi is getting rid of cash in its Australian bank branches, because it is no longer worth offering the service that is used by less than one in twenty customers.
The rise of big data should make financial services cheaper, but also raises risks for consumers.
National Australia Bank chief executive Andrew Thorburn's pay packet rose to $6.7 million last financial year - about 80 times the average full-time wage of $81,900.
National Australia Bank is eyeing a lift in home loan revenue thanks to a recently-completed technology overhaul that it says is already turning more customer inquiries into loan sales.
Australia's economy needs an injection of public works spending to soften the blow of plunging resources investment, says former Prime Minister Paul Keating.
Something unusual happened to the banks' profits this year. For the first time since the global financial crisis, they fell.
Commonwealth Bank has withdrawn a controversial resolution asking shareholders to approve changes to its bonus scheme for chief executive Ian Narev, which would have introduced new performance hurdles relating to people and culture.
Westpac chief Brian Hartzer was paid $6.7 million last financial year - less than its predecessor Gail Kelly, but still about 80 times as much as the average Australian worker.
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