Banking industry

The Commonwealth Bank of Australia (CBA) and Vodafone are piloting a new “intelligence sharing” initiative to help protect customers from the rising number of text message scams.Under the pilot, the two companies will share scam-related…

As the world reels from the shock Credit Suisse collapse, a cheeky post-it note in a Sydney office has managed to sum up the disaster in just three letters. On Monday, news broke that fellow Swiss bank UBS would take over its embattled…

The US government’s reaction to the collapse of Silicon Valley Bank (SVB) could spark a dramatic crisis. Finance analysts are warning that while the intervention may have prevented an immediate problem, it could wreak havoc in the future.…

US authorities are probing the collapse of Silicon Valley Bank last week, just days after top executives dumped millions of dollars worth of stock.The Department of Justice has opened an investigation into the sudden demise of the…

A Sydney couple are warning Aussies to stay vigilant after they lost more than $100,000 in less than two hours.They are not the first to fall victim to email scams that pose as well-known payment services to swindle people out of their…

A Tasmanian man nearly crashed his car when he received a notification from his bank that his transfer limit had been increased to $50,000 – something that left him “shocked” as he had not requested it.But the horror continued for Syed…

…