Treasurer approves ANZ takeover of Suncorp banking arm
Green light for merger comes with conditions including ban on closure of Queensland branches for three years
March 2024
Banks driving increase in global meat and dairy production, report finds
Financiers providing billion-dollar support for industrial livestock companies to expand leading to unsustainable rise in production
February 2024
Light-touch competition policy hasn’t helped Australian mortgage holders. It’s time to get tough
John Quiggin
Competition watchdog overruled as tribunal gives ANZ-Suncorp merger go-ahead
November 2023
ANZ posts record $7.4bn profit despite surge in mortgage holders falling behind
Bank reports 14% increase in year-on-year profits and says Australians are ‘muddling through pretty well’
May 2023
Banks cash in on RBA interest rate hikes as customers grapple with rising repayments
Australia’s big four banks may be at peak profitability but fat margins aren’t over, analysts say
February 2023
The rural network
Australia needs a new plan to keep rural banks open before they all get turned into cafes
Gabrielle Chan
Financial services are essential to keeping regional areas alive but continuing bank closures are putting communities at risk
Having a lend: does our money go straight to the banks when mortgage rates go up?
While lending rates and funding costs drive profitability of banks, other factors are also at play, such as bad debts and the health of the economy
Full Story
Scammers are getting smarter. Are we ready?
A scam victim describes how she lost $25,000, and reporter Cait Kelly explores whether Australia is prepared to combat the rise in sophisticated scams
November 2022
Australia’s banks likely to reduce lending to regions and sectors at risk of climate change impacts, regulator says
Apra finds country’s banks may be more vulnerable to economic downturns as they face threefold increase in lending losses
October 2022
Australian banks hit with payment transfer outage as RBA blames technical error
Reserve bank says system is back up and running on Thursday, and they are working to clear the backlog
July 2022
Working from home: major Australian employers respond to latest Covid health advice
Telstra and Westpac advise staff to work from home if possible while government departments are yet to shift work settings
May 2021
Australia’s big banks reject Nationals’ claims managing climate risk is ‘virtue signalling’
Major banks say Australia’s international trading partners require the sector to identify and disclose climate risk on their balance sheets
February 2021
ANZ to stop lending to Australia's biggest coal port over its exposure to fossil fuels
NAB to step in to help Port of Newcastle refinance under agreement reported to bind it to reducing carbon emissions
October 2020
Nationals call for ANZ boycott after bank's push for net zero emissions
Bank says it will stop lending to its largest customers unless businesses have carbon transition plans
May 2020
Watchdog oversees $160m in payouts from Australian banks that sold junk insurance
Westpac to withdraw support for thermal coalmining after 2030
March 2020
Australian stock market: mayhem as ASX200 tumbles 9.7% on coronavirus fears
In biggest one-day fall in decades, 30% of the value of shares has been wiped from the index in less than a month due to coronavirus-inspired panic selling
January 2020
Bushfire survivors join claim against ANZ for financing climate crisis
Three survivors joined Friends of the Earth to accuse ANZ of misleading consumers by investing in fossil fuel projects
