Private banking
Opinion
Opinion
Despite 10 billion reasons to hate the banks, it’s not that simple
In these times of ‘greedflation’, businesses like the CBA have too much power to push up prices. But wages growth will outpace prices in the years ahead. You can bank on it.
- by Chris Richardson
Latest
Analysis
Banking products
Road test: Is a debit card that donates to charity worth it?
New debit cards from ME Bank are designed for those who want to make charitable donations without having to think about it.
- by John Collett
Opinion
Payments
The chequebook is dead. The real victims are Top Gun and breakfast TV
My first thought upon hearing of the death of the chequebook was the same one that occurs every time an elderly celebrity carks it.
- by Andrew Hansen
Keeping up the fight: Why towns are desperate to halt wave of bank closures
Almost 170 Victorian bank branches have closed in the past two and half years. But communities from the city to the regions keep fighting to retain them, some scoring unlikely victories.
- by Benjamin Preiss and Rachael Dexter
Explainer
Russia-Ukraine war
Putin is one of the world’s richest men. But the money isn’t in his name
A deluge of Western sanctions has fallen on Russia’s elite. How are its billionaires fighting to get their money (and yachts) back? And how are investigators following the money?
- by Sherryn Groch
Explainer
Sharemarket
They’re the cornerstones of our economy, but sometimes banks collapse. Why?
Every few years we hear about a bank folding. Why can’t it be prevented? And what’s contagion?
- by Clancy Yeates
‘Our profits will go up, up, up’: Dancing bankers’ videos didn’t age well
Signature Bank, the third-biggest failure in US banking history, was unlike any other bank in the industry. Its music videos, which show employees doing synchronised dances inside cubicles, are hard to watch now.
- by Max Abelson
Regulators shutter Silicon Valley Bank, move quickly to avert crisis
Silicon Valley Bank has become the latest bank to collapse in the US, and the first since 2020.
- by David French, Echo Wang and Alun John
Exclusive
National Australia Bank
Ubank offers customer $100 compensation - with a catch
A customer who complained about NAB’s digital offshoot says the offer, given on condition they keep the matter confidential, is “an insult”.
- by Simone Fox Koob
NAB technical glitch leaves people without pay
A payment systems error at National Australian Bank has left customers at ING, Bank of Queensland, Tyro Payments and Commonwealth Bank of Australia without their pay in the middle of silly season.
- by Amelia McGuire
‘An absolute mess’: Ubank apologises for app issues blocking people from their accounts
Angry customers have flooded the social media pages of NAB’s digital offshoot with complaints about a lack of access to its banking platform during overseas travel, and poor customer service.
- by Simone Fox Koob