banks

A federal levy which could allow people to continue banking at post offices could be a solution to an ongoing branch closure crisis as banks desert cities and regional hubs across Australia.A Senate inquiry examining bank closures across…

Cash-loving Aussies are using Wednesday’s nationwide Optus outage as “proof” that becoming a completely cashless society would be a “total disaster”.At least 10 million customers were left without service for more than nine hours after an…

Two popular Aussie banks have hiked interest rates days before the Reserve Bank of Australia is forecast to set another increase. ANZ, Australia’s fourth largest bank, increased its fixed rates by up to 0.35 percentage points for both…

Westpac will lower the stress test for homeowners looking to refinance in a bid to help borrowers avoid “mortgage prison”.Nearly 900,000 Australians who secured record low interest rates on a fixed term mortgage during the Covid-19 pandemic…

Bankers are beefing up risk management, monitoring and emergency procedures around the use of social media after an internet-fueled run toppled Silicon Valley Bank two months ago and sparked turmoil in the industry.In board rooms across the…

International Monetary Fund First Deputy Managing Director Gita Gopinath. File | Photo Credit: Reuters Price pressures seem entrenched in many economies, including emerging markets, and upside inflation risks are sizeable, said Gita…

The Federal Reserve will unveil its plan to ratchet up capital rules for banks this summer and will ensure supervisors more aggressively police lenders following several recent bank failures, its top regulatory official told Congress…

Democratic New Jersey Sen. Bob Menendez grilled former Silicon Valley Bank (SVB) President Greg Becker about selling millions in stock before the bank’s failure in March, during a Senate Banking Committee hearing on Tuesday. Becker sold the…

Russia does not have any reserves of Indian currency in the special vostro accounts that have been allowed to be opened by the Reserve Bank of India to facilitate international trade in rupees, a senior Commerce Ministry official said…

Australia’s banks have unveiled a new weapon to help them stop money being sent to scammers in “near real-time”.The Australian Banking Association announced the new Fraud Reporting Exchange (FRX) platform on Tuesday, which will allow…