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FORGOTTEN HISTORY: 4 - The Untold Story

Senior Liberal senator to swap parliament for bank role

One of the coalition's most senior figures will soon leave politics for a role at a major bank after revealing he would step down at the 2025 federal election.

AAP

Pacific expresses interest in Cook Islands' super deal

A deal will allow Cook Islanders permanently migrating home from Australia to take their nest egg with them, plugging a gap in a pact with New Zealand.

AAP

Australians’ wages increase faster than inflation for fourth quarter running

ABS confirms wage price index rose an annual rate of 3.5% in September quarter, bringing some relief to households battling cost of living pressures

The Guardian - AU

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‘Setting people up to fail’: Australians ask banks for mortgage help, only to plunge into worse debt

Customers who get hardship assistance often fall into arrears again once the reprieve ends. Critics blame a ‘cookie-cutter’ approach by the banks

The Guardian - AU

Australian bourse gets a boost after offshore rate cuts

The Australian bourse has risen after two central banks cut interest rates and investors expressed hope China will announce measures to boost its economy.

AAP

ANZ profit falls as mortgage wars hit big four banks

The ANZ bank has joined the rest of the big four in recording a fall in annual profit, as a result of ongoing mortgage competition and high inflation.

AAP

Australia shares rise on eve of rates meeting, US vote

The ASX200 has posted gains while investors wait for the outcome of the Reserve Bank meeting and any hints of when interest rates might be cut.

AAP

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Independent MPs cancel airline VIP memberships – as it happened

This blog is now closed

The Guardian - AU

Inflation readout make or break for 2024 rate cut

Important pieces of the economic puzzle will fall into place this week, starting with inflation and then spending data.

AAP

Do recent class actions against ‘flex commission’ car loans mean consumer voices are getting stronger?

It’s been more than five years since the banking royal commission, but its findings continue to have an impact on the financial services sector.

The Conversation

More than 9,000 scam Facebook pages deleted after Australians lose $43.4m to celebrity deepfakes

Meta’s new Fraud Intelligence Reciprocal Exchange (Fire) tool to work with seven banks in a bid to tackle scams

The Guardian - AU

Battle of Kim and Goliath as bank closes amid loophole

A NSW town will lose its ANZ branch because it isn't considered regional, just months after the bank committed to keep country locations open for three years.

AAP

Uranium, lithium miners soar amid Aussie share rally

The S&P/ASX200 index finished 1.1 per cent higher, as uranium and nickel developers posted strong gains after Russia suggested it might limit exports.

AAP

Fading economy yet to unlock rate cuts for watchful RBA

The economy might be slowing but the Reserve Bank chief wants inflation to moderate further before opening the door to interest rate cuts.

AAP

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AAP

Economy stuck in slow lane as households tighten belts

The Australian economy is barely growing as higher borrowing costs and inflation keep a lid on household consumption.

AAP

Plague of our time: banks devoting more to scam fight

Australia's big four banks say they're setting aside more resources to prevent customers being scammed out of their money.

AAP

No cost to taxpayers from bond scandal: ANZ head

There will be consequences across ANZ following the misconduct of employees over bonds, the company's head says.

AAP

Aussie shares dip as banks drag, BHP and Woodside gain

The ASX200 has fallen 0.2 per cent as BHP, Woodside, Coles, Johns Lyng Group, Lovisa and others report earnings.

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The Guardian - AU

The horror, the horror: banks are having to compete for our business by offering better rates

Don’t buy the banks’ sob story. They are annoyed Australians are becoming more savvy at shopping around for better deals for their home loans

The Guardian - AU

Commonwealth Bank to stop financing fossil fuel companies that don’t comply with Paris climate goals

Shareholders and customers of ANZ, Westpac and NAB are bound to demand their banks do the same, expert says

AAP

Australian shares bounce back, rising 1.3 per cent

The ASX has rallied on a better-than-expected drop in US jobless claims but has finished the week down 2.1 per cent after Monday's big sell-off.

AAP

Aussie shares finish higher again as dip-buyers step in

The ASX200 has finished 0.25 per cent higher, its second day of modest gains after a 3.7 per cent plunge on Monday.

AAP

RBA governor warns rate cuts not on near-term agenda

The Reserve Bank of Australia has kept interest rates steady and tempered expectations of imminent cuts, warning inflation remains "too high".

AAP

ASX hits record high, dollar sinks as inflation cools

The ASX200 rose 1.8 per cent in its best single-day performance since late 2022, while the Aussie fell under 65 US cents for the first time in three months.

AAP

Australian shares rally ahead of key inflation readout

The ASX200 briefly reclaimed the 8,000 level as traders wait for what one analyst calls the biggest data point of the year for Australia's market.

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