)
News
NAB has joined the Commonwealth Bank in slugging borrowers with a hefty interest rate rise, ahead of a Reserve Bank meeting widely anticipated to signal a new round of rate hikes.
)
Business
Two of Australia’s major banks have this month foreshadowed the biggest housing market price crash in decades but experts are split on the prediction’s accuracy.
Get InDaily in your inbox. Daily. The best local news sent straight to your inbox every workday at lunchtime.
Thanks for signing up to the InDaily newsletter.
Australian banks will extend the six-month deferral of loans to 30,000 more businesses to help them cope with the COVID-19 pandemic.
A Federal Court judgment against Westpac yesterday has significant implications for the ways in which firms market financial products to their customers, Adelaide financial law experts have told InDaily.
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 .
