Business
Banking & finance
Opinion
Bank fees
Old habits are hard to kick for banks. They’re behaving badly – again
Six years after the royal commission, there are signs of a re-emergence of poor behaviour. At the very least this looks like conduct slippage.
- by Elizabeth Knight
Latest
Pokies shut down at three Star casinos amid ‘performance issues’
The Star’s electronic gaming machines and electronic tables will remain switched off until issues with its latest update are resolved.
- by Millie Muroi
Banks to refund $28m to low-income customers kept in high-fee accounts
The corporate watchdog found four banks kept at least two million customers in high-fee accounts, even though they were eligible for cheaper products.
- by Millie Muroi
Exclusive
Big four
The big four bank boss who says there’s more room for risk
ANZ boss Shayne Elliott has been grappling with several challenges at the bank. But one societal issue he has his eye on is taking a disproportionate toll on younger generations.
- by Millie Muroi
ResMed, News Corp bosses top CEO pay tables in 2023
The average realised pay for the chief executive of an ASX100 company in the 2023 financial year was 50 times what an average Australian worker earned.
- by Clancy Yeates
ANZ boss pledges action over inflated bonds allegations
ANZ boss Shayne Elliott says allegations that the bank overstated the value of government bonds it traded by more than $50 billion will be treated with “utmost seriousness”.
- by Millie Muroi
Opinion
Big four
Is it too hard for middle Australia to get loans from risk-averse banks?
There is evidence that banks have become too conservative in lending to some businesses, and it’s hurting the economy.
- by Clancy Yeates
ANZ sanctioned for charging fees to accounts of dead customers
Despite first identifying the issue in early 2022, ANZ took nearly two years to start its customer remediation program, the banking regulator said.
- by Millie Muroi
Updated
Mergers & acquisitions
Treasurer gives the tick to $4.9b ANZ-Suncorp deal
The transaction is the biggest banking deal in Australia since Westpac bought St George in 2008.
- by Clancy Yeates
Thousands of businesses to gain protections under revamped banking code
More small businesses will have access to protections including simplified loan documentation and limits on enforcement action under an updated banking rule book.
- by Millie Muroi
Cash crisis averted as banks, retailers throw Armaguard $50m lifeline
Armaguard, owned by Linfox, will receive funding from its biggest customers, in a move aimed at securing supplies for at least the next year.
- by Clancy Yeates