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CBA boss says rates to stay on hold after another profit drop

CBA boss says rates to stay on hold after another profit drop

The country’s biggest bank has reported its net profit slid by 3 per cent as CEO Matt Comyn said the strong immigration rate was helping the Australian economy remain resilient.

  • by Millie Muroi

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ANZ boss warns of widening financial stress as profits slide 7 per cent

ANZ boss warns of widening financial stress as profits slide 7 per cent

ANZ chief executive Shayne Elliott said there were “very real stresses” in the economy, but that much of it was outside the banking system.

  • by Millie Muroi
Sexually transmitted debt: How financial services are fighting financial abuse

Sexually transmitted debt: How financial services are fighting financial abuse

One woman out of every six experiences economic abuse. Here’s what that can look like and what’s being done about it.

  • by Millie Muroi
Western banks have no excuse for funding Putin’s war machine

Western banks have no excuse for funding Putin’s war machine

Some of the world’s biggest banks are now generating far more money in Russia than they were before the war started. It is shameful.

  • by Ben Marlow
Macquarie chief takes $7.6m pay hit as profits fall

Macquarie chief takes $7.6m pay hit as profits fall

Many of the investment behemoth’s top executives have had their pay cut by millions as green investments and lower commodity prices weighed on fiscal 2024 profits.

  • by Millie Muroi
NAB boss says most of its home loans are written at a discount

NAB boss says most of its home loans are written at a discount

Chief executive Andrew Irvine reported a 13 per cent tumble in half-year profits, but said households were mostly proving resilient in the cost-of-living crisis.

  • by Millie Muroi
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Mortgage wars enter next phase as property remains a rich playground
Opinion
Home loans

Mortgage wars enter next phase as property remains a rich playground

The big banks are rethinking how much risk they can take when it comes to lending, as some say that excessive regulation is only helping wealthy borrowers while others miss out.

  • by Elizabeth Knight
When interest rates eventually fall, banks will face a critical decision

When interest rates eventually fall, banks will face a critical decision

In previous cycles of Reserve Bank interest-rate changes, the major banks often responded in ways that helped boost their profits. Would they use those tactics today and risk becoming a target for political attacks?

  • by Clancy Yeates
Banks expected to report more than $15b in half-year profits

Banks expected to report more than $15b in half-year profits

Despite continued pressure on bank profit margins, analysts expect the big four to post relatively resilient earnings over the next two weeks.

  • by Millie Muroi
Why everyone in finance is getting ripped

Why everyone in finance is getting ripped

People who spend their working lives trying to manage risk in return for long-term financial gain often fail to apply those lessons to their own health.

  • by Chris Bryant
BOQ profits stifled as inflation, higher funding costs shred margins

BOQ profits stifled as inflation, higher funding costs shred margins

The bank unveiled a cash profit of $172 million in the six months to February 29, down 33 per cent compared to the first half of last year.

  • by Sumeyya Ilanbey