bank

A major bank has told a Senate inquiry into regional bank closures that only “1 per cent of transactions are over the counter”, justifying regional closures.

Closing branches in regional areas will have a ‘disruptive’ impact on SMEs and cause a ‘ripple effect’ on communities, the small business ombudsman has warned.

While a “competitive backdrop” leached away at its profit margin, the group secured $2.1 billion in new home loans over the six months to December.

BlackRock chairman Larry Fink is concerned that recent turmoil in the US banking sector could be the beginning of a slow-moving crisis among lenders.

While home lending “remains a key market”, the major lender will be “tilting towards” its business bank, according to its chief executive.

A report by the customer-owned bank has found that the majority of people agree that home ownership is important to their happiness.

A long-term low-interest rate environment didn’t adversely affect Australian banking profitability, the RBA has found.

The regulator has granted a restricted ADI licence to a new bank for the Australian market.

Australia’s major banks have traditionally been the first to respond to higher funding costs by hiking interest rate; however, recent “political scrutiny” and the financial services royal ...

Good news for Aussies as economists from Bendigo Bank are predicting the RBA cash rate to remain steady throughout 2024.

A leading Australian banking analyst has accepted that lenders will soon see a rise in bad debts as the full impact of rate hikes begins to hit borrowers.

The federal Treasurer has advocated the renovation of the central bank and overhaul of markets in his new essay, “Capitalism after the crises”.

The non-major bank has reportedly recovered over $10 million from scammers over the last 12 months.

A scam attempt almost cost one NAB customer a bundle before it was caught by a Sydney-based business banker.

A recent partnership is working to help recovering cancer patients re-enter the workforce.

The two customer-owned lenders are exploring a merger in a bid to benefit from economies of scale and create “Australia’s leading purpose-driven bank”.

Two of Australia’s largest banks have landed themselves in court over a car dealer commissions controversy that allegedly left consumers out of pocket millions of dollars.

Following a tumultuous year, the country’s major banks have restored banking services in the NSW flood-ravaged town of Lismore.

The corporate regulator confirms six big banks have paid or offered more than $3 billion in compensation to its customers for financial advice-related misconduct.

The majority of Australians believe that banks are putting profits over customer service, according to new data from COBA.