Home
Search
thewest.com.au
BusinessChevron Right Icon

Banking

Swifties have been warned to be alert for scammers trying to cash in on Taylor Swifts new album announcement. NewsWire/ Ben Symons

NewsPremiumSwifties warned of scammers trying to cash in

Swifties have been warned of scammers trying to cash in on Taylor Swift’s new album with fake pre-orders, leaked downloads and dodgy merch.

Emma Kirk

Not Supplied

UPDATEDPremium‘Deserved better’: NAB cops $15m fine

One of Australia’s largest companies has been fined $15m for failing to answer customers in financial hardship.

Blair Jackson

Not Supplied

UPDATEDPremiumShocking truth about Aussie wages

The era of significant pay rises may be over, as Aussies face a wage slowdown and a “bump in the road” for the labour market.

Blake Antrobus

CBA chief executive Matt Comyn.

BankingCommentsCBA bosses rewarded with mega pay rises after $10b profit

Australia’s biggest home lender revealed fixed pay for its senior executives was increased between 4.5 per cent and 16.7 per cent in the 2025 financial year.

Sean Smith

CBA has announced a record profit. Photo: NewsWire/ Gaye Gerard

NEWSPremiumBig bank records monster $10bn profit

Commonwealth Bank has posted a mammoth $10.25bn profit, crediting the record figures to this trend in Aussie households.

Cameron Micallef

CBA chief executive Matt Comyn

BankingPremiumLoan growth, property powers CBA to $10.25b profit

Commonwealth Bank of Australia’s full-year profit met estimates as loan growth and a buoyant property market supported the country’s biggest lender.

Daniel Newell

Not Supplied

BREAKINGPremiumMajor banks move on rates after RBA cut

Australia’s major banks are responding to the Reserve Bank of Australia’s cash rate call, passing on the 0.25 per cent cut in full.

Cameron Micallef

RBA governor Michele Bullock

updated
updated
RBAVideoComments
updated
Third cut a charm as RBA drops cash rate to 3.6 per cent

Michele Bullock has signalled further relief could be looming for Australian borrowers after the Reserve Bank cut the official interest rate for the third time this year.

Matt Mckenzie

The Reserve Bank of Australia has announced its third cut in interest rates.

MORTGAGE RELIEFCommentsRBA RECAP: All four big banks to pass on full cut

After surprising everyone by showing signs of caution last month, the central bank has today said the time is right to deliver another lot of rate relief. And one bank isn’t wasting any time passing it on.

Daniel Newell

Six of 11 sectors finished in positive territory Thursday, following the bourse’s record high on Wednesday. Photo: NewsWire/ Gaye Gerard

MarketsPremiumASX dips as investors take profits

The Australian sharemarket has ticked down from a record high but maintained much of the lofty gains as investors prepare for interest rate cuts.

Blair Jackson

ANZ dropped the bombshell on Thursday.

Your MoneyCommentsThe big four bank that’s now hiking home loan rates

A big four bank has stunned prospective homebuyers by hiking mortgage rates — just days before the Reserve Bank is expected to deliver a third round of relief for struggling households. 

Daniel Newell

Australian lenders are cutting their rates ahead of a highly likely cut from the central bank next week. NewsWire / Nicholas Eagar

FINANCEPremiumBig bank gets in on rate-cutting wave

Australia’s major banks are joining the wave of smaller lenders cutting mortgage rates ahead of a “near-certainty” rate cut next week.

Blair Jackson

AMP says its fall in interim net profits was due to business simplification and litigation costs. (Joel Carrett/AAP PHOTOS)

BankingPremiumAMP profit slips as litigation costs continue to weigh

Financial services group AMP has reported another fall in bottom-line net profit, but is optimistic about the future and its new digital banking service.

Staff Writers

Commonwealth Bank closed the final remaining metropolitan Bankwest branch in Mandurah at the end of last year.

BankingCommentsBill shock for CBA’s digital-only Bankwest plan

Australia’s biggest bank has taken a $130 million hit, partly driven by increased restructuring costs at Bankwest.

Matt Mckenzie

Not Supplied

newsPremiumMan arrested at Crown wearing $6k jacket

One of the alleged ringleaders of a “large-scale” loan fraud scheme has been arrested at Crown casino wearing a Louis Vuitton bomber jacket.

Blair Jackson and Jack Nivison

CommBank has repeatedly come under fire from employees. NCA NewsWire / Damian Shaw

BankingCommentsCBA sacks 90 workers and replaces them with AI

Commonwealth Bank has been slammed for axing frontline jobs to be replace them with AI and offshore services.

Jack Nivison

ASIC Commissoner Alan Kirkland.

opinion
opinion
Alan KirklandPremium
opinion
Banking fairness shouldn’t depend on your postcode

It’s unfair that Australians in remote communities are being locked into these high-fee accounts by a postcode lottery, with city-centric requirements from some banks to apply for low-fee accounts in person.

Alan Kirkland

A large number of low-income Australians are paying too much in account fees, an ASIC report found. (Jono Searle/AAP PHOTOS)

BusinessPremiumBanks forced to take action on high-fee accounts

Banks must ask themselves some 'difficult questions' following a review by ASIC, which has resulted in refunds totalling millions for low-income customers.

Keira Jenkins

Macquarie Group chief executive Shemara Wikramanayake.

BankingPremiumMacquarie hit with ‘first strike’ on pay

Despite intense lobbying by management and the board, voting numbers from Thursday’s annual general meeting confirm 25.4 per cent of shares were voted against the investment bank’s remuneration report.

Sean Smith

Not Supplied

FINANCEPremiumBank removes ‘roadblock’ for homebuyers

A major bank has made a huge move on student debt that it says will help first-home buyers especially get into the market sooner.

Cameron Micallef

Cut your home loan rate with one phone call.

Housing MarketCommentsThe one mortgage trick that banks hope you won’t try

KIM MACDONALD: It takes one afternoon and a little patience, but this simple trick could knock tens of thousands off your mortgage.

Kim Macdonald

National Australia Bank chief executive officer Andrew Irvine said he’d faced a difficult week.

BankingCommentsNAB boss admits to ‘difficult week’ after public scrutiny

National Australia Bank chief Andrew Irvine says last week’s intense scrutiny over his drinking habits has been ‘difficult’ and found the media coverage ‘quite personal and public’.

Cheyanne Enciso

CEO of the National Australia Bank Andrew Irvine.

BankingPremium‘Difficult week’ for NAB boss after leadership scrutiny

National Australia Bank chief executive officer Andrew Irvine said he’d faced a difficult week for himself and his family after a report surfaced about the leader’s managing style and drinking at client events.

Adam Haigh

Slow processing of vehicle insurance claims helped make it the most maligned financial product. (Dan Peled/AAP PHOTOS)

BankingPremiumAustralia's frustration with motor insurance grows

Australia's financial product watchdog continues to grapple with a mountain of complaints, with car insurance the leading cause of consumer consternation.

Adrian Black