Banking

The head of Australia's bank regulator will end his term almost two years early, announcing he will step down from his role at the end of October.

Australian shares are rising on Tuesday, despite Wall Street wavering ahead of another likely rate hike later this week.

ASIC is investigating whether a third lending model set up by "predatory" payday lender Cigno is legal, while the company takes its fight to be exempt from credit laws to the High Court. 

Australian shares struggle for momentum as gains in miners on the back of firm commodity prices counter losses in technology and financial stocks.

While super funds have fared better than most investments over a turbulent past year, Australians may need to face up to the fact that their retirement assets are worth considerably less than they think, writes business editor Ian Verrender.   

If inflation is being driven by profits, as new analysis suggests, some of the financial pain Australians are experiencing may be unnecessary — and something will have to give, writes David Taylor.

From a banking crisis to property market slumps, China's economy is under stress and the country also recently recorded its lowest quarterly growth rate figure since 1990. What might those challenges mean for Australians?

Former treasurer Josh Frydenberg lands a new job with investment bank Goldman Sachs two months after losing his seat at the federal election.

When the new parliament sits next week, Labor will be under pressure to explain what progress is being made on one of its most important promises – delivering real wage growth, writes David Speers.

Australian shares are heading for their best day in weeks, with resources stocks jumping on worries over a supply crunch and banks advancing on expectations higher interest rates will boost profits.

A Reserve Bank of Australia review is set to examine whether its long-standing inflation target should remain.

As comments from two US central bank officials eased fears about a bigger interest rate hike this month, Australian shares rose on Monday, while Suncorp scrip jumped after ANZ said it would buy the insurer's banking business.

Suncorp accepts a $4.9 billion bid from ANZ to take over its banking business, as the big four bank seeks to accelerate its growth.

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. 

A South Australian Justice of the Peace who provided false pay slips to banks in a bid to help Vietnamese migrants buy properties that they otherwise could not have secured is given a suspended sentence.

It's a funny old economy where achieving almost full employment is met with shaky shoppers and talk of recession, writes David Taylor.

Australian shares have risen on Thursday, lifted by mining and gold companies after a sharp rebound in commodity prices, although worries over hot US inflation data and an impending rate hike capped gains.

Australian shares have ended the session higher on Wednesday, despite mining and energy stocks being hit by subdued commodity and metal prices following fresh COVID-19 curbs in China.

Australian shares edge higher after sharp losses in the previous session, powered by gains in financials and energy stocks.

Hundreds of people gather outside a branch of the People's Bank of China in Henan's capital Zhengzhou, demanding their money.

Australian shares slip on Monday, after weakness in commodity prices weighed on gold and mining stocks.

Around 1,000 people protested the freezing of deposits by some rural-based banks, estimated to be worth more than $2 billion. 

Surging costs for everyday grocery items and fresh food, exorbitant prices for fuel and, to top it all off, pretty much every expert you listen to will tell you worse, far worse, is at hand when it comes to interest rates, writes Ian Verrender.

Australian shares rise slightly higher on Thursday, boosted by a rebound in the heavyweight mining sector after sharp declines in the prior session.

All of the big four banks will pass on the Reserve Bank's latest interest rate rise to home loan customers in full — but not all savers.