Big four
Analysis
Debit cards
Westpac offers debit cards to eight-year-olds in youth banking push
Children as young as eight are being offered a physical debt card in an effort by Westpac to improve their financial literacy.
- by John Collett
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Housing crisis
Brianna signed up for a home build. Three years later she lives with her parents
Ordinary families caught in the state’s housing construction gridlock are facing looming payment deadlines, putting loans for their unfinished homes under threat.
- by Claire Ottaviano
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
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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
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
Opinion
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
Opinion
Opinion
Why the CBA share price continues to defy gravity
A bunch of short-seller investors who last year placed expensive bets that CBA share price would fall are licking their financial wounds.
- by Elizabeth Knight
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
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
CBA targets rivals as chase for business banking crown heats up
While NAB is the big fish in business banking, Vacy-Lyle says CBA is also keen to cut Macquarie down to size, by sharpening its focus on the real estate market.
- by Millie Muroi
NAB shareholder takes bank to court in a bid to secure confidential papers
Diana Beere is fighting the bank in court to ensure it is true to its word on investing in coal mining before she passes her shares on to her descendants.
- by Millie Muroi