Business
Banking & finance
Updated
Earnings season
Westpac says hardship has peaked as borrowers adjust to high rates
The banking giant, which delivered a $7 billion profit and raised its dividend on Monday, says the economy is turning the corner.
- by Sumeyya Ilanbey
Latest
Banks tipped to rake in $30b as most borrowers weather interest rate storm
Customers who continued paying off home loans despite cost-of-living pressures are expected to support the profits of the majors, to be revealed this week.
- by Sumeyya Ilanbey
Updated
Earnings season
Macquarie Group profits squeezed by ‘subdued’ energy markets
Macquarie is expecting to rake in less income from its commodities business over the next six months due to lower market volatility.
- by Sumeyya Ilanbey
Analysis
Superannuation
Aussie super funds racked up $12b in expenses. See how much your fund is spending
Should superannuation funds spend millions of dollars on advertising? What is the financial benefit of sponsoring AFL teams? These are the questions the regulator has been asking.
- by Sumeyya Ilanbey and Craig Butt
The former model who became the go-to broker for the wealthiest sheikhs in the world
She became the unlikely toast of the Middle East and one of the most powerful people in football. But questions are now being asked.
- by Ben Marlow
Opinion
Banking products
Banks spend billions on tech, so why are outages still a thing?
You are not imagining it: the overall impact of banks’ technology glitches hasn’t really improved, despite their deep pockets.
- by Clancy Yeates
Updated
General insurance
‘Do promises really mean anything?’ Australia’s largest insurer sued over false promises on discounts
Corporate regulator ASIC is taking QBE to court for allegedly misleading customers about discounts it offered for policy renewals.
- by Sumeyya Ilanbey
Opinion
Payments
Why those pesky card surcharges are no longer doing their job
Extra fees for paying on a card have annoyed consumers for years. Now there’s a compelling case for making significant changes to the surcharging regime.
- by Clancy Yeates
Why this giant property fund is betting big on sheds
ISPT believes there is still plenty of scope for growth in the premium warehouse end of Australia’s industrial property boom.
- by Simon Johanson
Insurers told to clean up their act in high-risk flood zones
A parliamentary inquiry found households reeling in the aftermath of devastating floods were let down by insurers, and recommends banks stop lending money for property in highly flood-prone areas.
- by Sumeyya Ilanbey
Advocate’s electrifying mission: Decarbonise Australia, home by home
Renewable energy advocate Saul Griffith is pushing for a universal financing scheme that would allow mortgage holders to borrow against their properties to electrify their homes.
- by Sumeyya Ilanbey