Former governors and treasurers advise against removing government’s power to overrule RBA Critics of treasurer Jim Chalmers’ proposed reforms say the Reserve Bank is independent enough The Guardian - AU · Feb 22, 2024
Why AI will diagnose breast cancer in Australia by 2028 Artificial intelligence will be used in many fields in the coming years, from breast cancer screening to the fight against scammers. AAP · Dec 11, 2023
Menacing messages to be targeted by AI banking tool Artificial intelligence will be used to identify and flag threatening messages sent to victims' bank accounts, in a tool to be shared with banks worldwide. AAP · Nov 8, 2023
KPMG lodges complaint after AI-generated material was used to implicate them in non-existent scandals Senate inquiry into Australian consultancy industry concedes its integrity has been undermined by reliance on case studies generated by Google Bard AI tool The Guardian - AU · Nov 3, 2023
Australian academics apologise for false AI-generated allegations against big four consultancy firms Case studies created by Google Bard AI as part of submission to parliamentary inquiry proven to be factually incorrect The Guardian - AU · Nov 2, 2023
A crypto firm sent a disability worker $10m by mistake. Months later she was arrested at an Australian airport Crypto.com made global headlines for a multimillion-dollar error that went unspotted for months. A court case reveals how it all went wrong The Guardian - AU · Sep 24, 2023
Comm Bank defends deposit fee hike for businesses Small businesses will soon be hit with additional charges if they choose to make cash deposits at the Commonwealth Bank. AAP · Sep 22, 2023
Bank closures 'sad and frustrating' for rural towns Junee fought back when the Commonwealth Bank prepared to close the only bank in the NSW Riverina town, an inquiry has been told. AAP · Sep 21, 2023
Deal to drive discount EV loans for Aussie drivers Australian Tesla buyers will be offered discounted green loans on the vehicle maker's website as part of a deal with the Commonwealth Bank. AAP · Sep 19, 2023
Banks 'cold and unhelpful' as they desert rural areas Face-to-face banking is part of the social fabric in Tasmania's regions, which have ageing populations and low levels of literacy, an inquiry has been told. AAP · Sep 19, 2023
Working from home has worked for people with disability. The back-to-the-office push could wind back gains A push is underway to get employees back into the office. The Commonwealth Bank kick-started this conversation recently, with reports the organisation is requiring staff to work at least half the week on-site. The Conversation · Jul 24, 2023
Commonwealth Bank fined $3.5m for breaching spam laws The communications watchdog has imposed a record fine on the Commonwealth Bank for sending out millions of marketing emails that breached spam laws. The New Daily · Jun 6, 2023
Commonwealth Bank fined a record $3.55m for breaching spam laws with millions of emails Australian Communications and Media Authority says bank sent 65m customer emails that breached Spam Act The Guardian - AU · Jun 6, 2023
Money mules are involved in the majority of scam reports, ACCC says Over a four-hour phone call, scammers gained access to Jenny's computer and transferred $300,000 out of her account. By the time she alerted the bank, it was too late. ABC News · May 23, 2023
The Conversation · May 3, 2023 Jim Chalmers wants a truly independent RBA. He should be careful what he wishes for Might Jim Chalmers have forgotten Labor Party history?
ABC News · Apr 29, 2023 These borrowers are facing a big jump in their mortgage repayments — but they feel they dodged a bullet As hundreds of thousands of Australian households brace for a steep hike in their mortgage repayments, there are calls for lenders to better explain to prospective borrowers the risks of interest rate rises or other changes to their circumstances.
The New Daily · Apr 14, 2023 ‘Now in reverse’: Big four banks slash refinancing discounts as profits come under pressure Australia’s big four banks are reining in their biggest mortgage discounts as tight competition and record levels of refinancing eat into their profits.