The philosophy of being #justenoughbank has turned out to be not enough bank full stop for customers of WA’s financial stalwart Bankwest. Plus: Telstra’s orbital strike on Elon.
A surprise timeline for economic relief has been issued despite everyday Aussies feeling the “squeeze” of the cost-of-living crisis.
Amy Jackson
Consulting giant KPMG is facing a parliamentary grilling over a whistleblower scandal alleging partners used confidential client data to win lucrative contracts.
Cameron Micallef
The inquiry is probing shocking allegations that KPMG partners misused client secrets, crossed conflict lines and passed confidential information around the firm to help win lucrative work.
Ryan Johnson
ANZ’s mortgage application values have fallen 12 per cent since the May Budget as the bank plays down its reliance on home lending and competition for new borrowers intensifies.
Another major bank is reporting a sizeable drop-off in this activity as housing tax overhauls sweep through the economy.
Blair Jackson
The country’s biggest home lender has laid bare a near 20 per cent collapse in applications from prospective buyers since the Federal Government’s May Budget.
Australian businesses kept borrowing through higher rates and a slowing economy, helping Commonwealth Bank’s business arm lift its contribution 11 per cent to $4.54 billion.
CBA has banked a $10.9b profit but falling mortgage demand, rising arrears and a retreat by property investors point to a tougher year ahead.
Australia’s largest bank’s full-year results have surpassed expectations, but there is still a warning about a huge drop-off.
Cameron Micallef, Alexandra Feiam
Commonwealth Bank has announced an annual cash net profit of $11 billion, which was just above market expectations, while warning that the economy is slowing.
Derek Rose and Kaaren Morrissey
Australia’s largest crypto ATM network, which has become a familiar sight around shopping centres, has been ordered offline for a wild reason.
Andrew Hedgman
One of Australia’s major banks expects growth in one part of the business to more than halve over the coming year.
Westpac says rates and Canberra policy changes are cooling mortgage demand as investor credit growth slows.
Australians lost more than $2.18bn to scammers in 2025 – yet the most brazen attacks are now happening inside bank branches, with victims on the phone to fraudsters.
First-home buyers and investors have simultaneously fled Australia’s mortgage market, triggering its sharpest collapse since the Covid pandemic.
The wealth manager’s China stakes supplied two-thirds of its first-half profit growth and helped underpin another $150m share buyback.
A couple taking home at least $674,000 top the list of highest earners to use the 5 per cent house deposit scheme.
While investors have been warned to be wary of private credit funds, there’s still reasonable money to be made parking your cash in bank accounts. You just need to know where to look.
Nick Bruining
One bank will sell its $36 billion Australian loans book to Blackstone and shut its retail bank, giving private capital a major foothold in the mortgage market.
Commonwealth Bank could post a $10.8 billion profit and still disappoint investors, with UBS arguing its lofty valuation leaves little room for anything less than a flawless result.
NAB has released a staggering update on home loan applications and the RBA has made it clear struggling borrowers are on their own.
The fall is a further sign of a slow-down in Australia’s housing market and lingering concerns about the Albanese Government’s radical shake-up of property tax rules.
Daniel Newell
Major banks have been forced to repay $55m to Aussie mortgage holders after an error meant borrowers were being “doubly hit”.
