Opinion
Reserve Bank move set to (slowly) lift interest rates
Winding back a pandemic-forced monetary policy will gradually begin to affect mortgage payments, writes Isaac Gross.
Opinion
Winding back a pandemic-forced monetary policy will gradually begin to affect mortgage payments, writes Isaac Gross.
News
Australian banks will extend the six-month deferral of loans to 30,000 more businesses to help them cope with the COVID-19 pandemic.
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The competition watchdog is launching an investigation into why the big four banks are not passing on interest rate cuts in full to customers.
National Australia Bank says it will spend another half a billion dollars to compensate aggrieved customers, while boosting the number of staff dealing with the issue to 500 .
Westpac will spend another $260 million to compensate customers affected by its “errors”, taking its total remediation payments so far to $659 million.
The former chief of staff to ex-NAB boss Andrew Thorburn has been arrested over a $40 million fraud against the bank.
