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EXPLAINED: Australian banking association | Rare Historical Photos

Bank moratorium 'too late' for rural towns left behind

The federal government has announced a moratorium on regional bank closures, but it's cold comfort for those who have already lost their local branches.

AAP

$1.5b data spend to simplify bank switching a 'flop'

A banking industry-backed report says just 0.3 per cent of bank customers were actively using the data-sharing arrangements made possible by costly investments.

AAP

Kiwi banks at odds with Aussie bosses over gambling on credit

Australian banks are supporting a Canberra government ban on gamblers using their credit cards to bet online. Their Kiwi subsidiaries are taking quite a different position.

Newsroom.co.nz

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A third of the nation's bank branches have shut in the past five years — for people in the country, that's a huge problem

Despite soaring profits for Australia's big four banks, that number in the billions, almost one-in-three of their branches have closed in the past five years and now a parliamentary committee is examining the impact of those closures, especially on regional centres.

ABC News

See when Australia's biggest banks stopped paying proper interest on your savings – and what you can do about it

Whenever interest rates went up in the past, I used to get told it wasn’t all bad news. At least it was good for some people: savers – people with money in the bank.

The Conversation

Hipkins' energy – and inexperience – on display in Australia visit

The new PM's enthusiasm for his role was palpable during his first offshore visit to Canberra, but more work may be needed on his foreign policy bona fides.

Newsroom.co.nz

The banking industry overseer wants more powers, but will it get them?

Three years after it was formed, the committee enforcing breaches of the Banking Code of Practice has used its most serious sanction just twice. That power is writing the name of a bank on a report.

ABC News

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COVID-19 lockdowns see rise in bank and credit-card fraud as more people work and shop from home

More Australians have had money stolen from their bank or credit-card accounts during the pandemic due to a growth in online shopping. While most victims are reimbursed by their financial institutions, there are some grey areas.

ABC News

Bankers want reforms to stop elder abuse

The Australian Banking Association is calling on federal and state governments to commit to reforms to prevent financial abuse of the elderly.

People

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Australian Competition and Consumer Commission

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Kiwibank

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