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financial institution

ASX to plunge as panic sets in

Australia’s stock exchange will plunge by an eye-watering two per cent off the back of the news that major European bank Credit Suisse is on the brink.On Thursday morning, CommSec, an arm of the Commonwealth Bank, warned that the Australian…

‘Ominous twist’ as bank teeters on the brink

Shares in major investment bank Credit Suisse plunged by 26 per cent last night as the financial institution teetered on the brink.Trading in Credit Suisse - the world’s seventh largest investment bank - was suspended several times as stock…

Microsoft scam drains couple’s $249k savings

An elderly couple who lost a quarter of a million dollars in a sophisticated online scam have slammed Bendigo Bank for failing to block the suspicious transactions.Edward, 86, and Joan Adams, 82, fell victim to a team of fake Microsoft…