BIZARRE: 5 - You Need To See This

New rules for banks to help customers in stress

Banks that breach a new code of practice could have their failures publicised, like those who recently charged dead customers or closed branches without notice.

AAP · Feb 27, 2025

Australian shares edge higher despite Wisetech plunge

The ASX200 has finished 0.1 per cent higher, snapping a five-day losing streak despite its leading tech company plunging to a six-month low.

AAP · Feb 24, 2025

Aussie shares plunge to five-week low on weak earnings

The ASX200 finished down 1.2 per cent on its biggest day of earnings season, with heavy losses for the big four banks, Fortescue and Goodman Group.

AAP · Feb 20, 2025

Movie-goers, bargain hunters boost discretionary spend

Australians spent more on new cars, movie tickets and discounted clothes and household goods in the month leading up to the Christmas period.

AAP · Jan 10, 2025

Activists want banks' actions to match words on climate

Activists are heartened that Australia's big banks took steps to limit lending to fossil fuel companies this year, but also have questions.

AAP · Dec 21, 2024

ANZ chief executive forfeits $1.5m bonus after outcry

The CEO of a big-four bank has forfeited a bonus worth $1.5 million after a backlash from shareholders upset about poor behaviour in its trading rooms.

AAP · Dec 19, 2024

How China uncertainty could push back RBA rate cut

Unexpected jobs figures have diminished hopes of an interest rate cut in February but favourable inflation data could put lower mortgage costs back on the menu.

AAP · Dec 12, 2024

International banker to replace retiring ANZ boss

Nuno Matos, a native of Portugal currently based in Hong Kong, will begin as the next chief executive of ANZ next year.

AAP · Dec 9, 2024

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 · Dec 5, 2024

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 · Nov 18, 2024