Business
Banking & finance
Afterpay lifts credit limit while bracing for looming buy now, pay later laws
Afterpay is preparing for proposed government legislation that would require buy now, pay later operators to perform credit checks on new customers.
- by Millie Muroi
Latest
Opinion
Payments
The Armaguard saga shows we’re a long way from ditching cash entirely
Financial troubles at Armaguard highlight the strain on the system used to distribute cash to ATMs, supermarkets and post offices.
- by Clancy Yeates
Scammers are becoming patient: Banks say social media giants need to step up
Experts warn scammers are targeting victims through drawn-out investment and romance scams – and say social media platforms to step up prevention.
- by Millie Muroi
Under water and under pressure: The fight to fix flood insurance
As climate change increases the severity and frequency of natural disasters, insurance companies face pressure to improve the handling of their claims.
- by Sumeyya Ilanbey
Bank profit margin crunch to continue as customers shift deposits
Bank margins will continue to dwindle in the first half of this financial year, analysts say, as customers move their savings into higher-interest offerings.
- by Millie Muroi
Vanguard misled investors about its ethical fund, Federal Court finds
The asset manager wasn’t truthful about its $1 billion ethical fund, the court ruled in a major win for the corporate regulator in its crackdown on greenwashing.
- by Sumeyya Ilanbey
Bank chiefs back calls for longer election cycles
The bosses of major banks have backed calls for federal elections to be held every four years instead of three to provide more certainty for business.
- by Millie Muroi
NAB boss rings alarm on housing crisis
NAB’s outgoing chief executive Ross McEwan says Australia’s housing shortage could hamper economic growth and slow the inflow of migrants, as house prices continue to rise.
- by Millie Muroi
Opinion
Home loans
Banks are changing the way they fight the mortgage war
Lenders have started using their second-tier offshoots to chase home loan business.
- by Clancy Yeates
Ex-FBI trainee gets 15 months for trading on girlfriend’s info
A former FBI trainee is the latest in a number of cases brought by US authorities against people who traded on secret data gleaned from their partners while working from home during the pandemic.
- by Chris Dolmetsch
Bank branch closures roll on as cash usage declines
More than 1400 bank branches have closed in Australia since 2017. But there are key reasons why it’s important for banks to maintain their physical presence.
- by Millie Muroi