Commonwealth Bank of Australia has eliminated more than 40 positions at its subsidiary Bankwest, continuing a significant restructuring effort that has seen hundreds of jobs cut in recent months.
Cochlear shares hit a decade low after the hearing implant pioneer slashed its full-year earnings guidance for the second time in two months, citing softer sales and US policy changes.
Superannuation accounts showed a strong recovery in April, with balanced funds gaining 1.8%, but members who switched to cash during downturns may have locked in losses, according to Chant West.
Jake Friel has appeared in the County Court in Geelong, charged with a sophisticated fraud scheme involving false documents and financial deception.
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National Australia Bank has cautioned the federal government about potential recession risks, highlighting economic challenges and policy implications.
New data from the Reserve Bank of Australia shows a rise in cash payments to 15% in 2025, with half of Australians using cash weekly and 1.5 million relying on it.
Newcastle Permanent has eliminated its in-house financial planning division, resulting in the loss of seven jobs. The move aims to streamline operations amid changing market conditions.
A new proposal by the Actuaries Institute aims to shift retirees from taxed super accounts to tax-free products, potentially reducing government revenue by $1 billion yearly while improving retirement outcomes for older Australians.
Pro-cash campaigners are urging Australians to withdraw cash on April 28, 2026, to protest against digital payment shifts and bank closures, amid declining cash usage.
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A Mozo study reveals Australian parents are increasingly giving money outright to adult children, with 40% providing financial support, shifting from loans to gifts.
Industry super fund HESTA has named Robbie Campo, a veteran with over 20 years of experience, as its new Chief Executive Officer, effective immediately.
Financial expert Chris Foster-Ramsay explains how rising interest rates and global uncertainty are creating decision paralysis among consumers and investors, impacting major purchases.
A 49-year-old Canberra man faces charges after allegedly converting $1.4 million stolen from businesses into gold bullion and cash to evade detection by authorities.
A new cohort of Bankwest graduates is diving into the artificial intelligence frenzy reshaping Australia's banking industry, focusing on innovation and digital transformation.
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Bendigo and Adelaide Bank flags workforce changes with new Infosys and Genpact deals, aiming for $65M annual savings by 2028, amid broader banking sector job cuts.
ASIC warns AI is making investment scams more convincing as Australians lost over $2.18 billion in 2025. The regulator removed nearly 12,000 phishing sites and 1,100 scam ads.
Analysis reveals most Australians have mortgage buffers, raising questions about who the RBA's rate hikes are targeting and the broader economic impact.
Using Buy Now, Pay Later accounts can affect your credit score and ability to secure car or home loans, as lenders assess financial behavior and debt levels.
A new payday super rule requiring employers to pay superannuation on payday could create cash flow issues and impact retirement savings, according to financial experts.
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The Reserve Bank of Australia's new report reveals most households and businesses are in a strong financial position, with low mortgage stress and rising savings buffers, despite inflation and global risks.
Westpac CEO Anthony Miller has issued a stark warning about the potential for a recession in Australia, citing the dual pressures of rising interest rates and persistent inflation.
A damning ASIC report criticizes the ASX for poor culture, ineffective management, and governance issues, leading to operational blunders and a required $150 million capital buffer.
Mortgage Success, a family-run business with over 56 years of combined experience, helps clients secure tailored mortgages amid rising interest rates and cost of living pressures.
A notorious bank robber has been arrested almost 30 years after a series of heists, with police crediting advanced forensic techniques for the breakthrough in the long-standing case.
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Explore how Canberra's financial planning evolves in 2026 with tech-enhanced, expert-led strategies for long-term wealth, focusing on local expertise and transparency.
Macquarie Group warns that Australia's major banks could automate up to 30% of their workforce with AI within five to ten years, reshaping the financial sector.
A comprehensive overview of Self-Managed Super Fund tax requirements, including deadlines, deductions, and strategies to avoid penalties for Australian trustees.
Financial experts discuss the pros and cons of using superannuation for mortgages, highlighting risks, benefits, and regulatory considerations for Australian homeowners.
Superannuation members are advised to avoid impulsive investment shifts during market downturns caused by global conflicts, with experts emphasizing long-term strategies.
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A former QBE manager, Keira Meldrum Robinson, has been sentenced to 2.5 years in jail for stealing $333,416 from the insurer, using funds to buy a Tesla Model Y.
