- + Natasha is 28 years old with $310,000 in shares and a $1 million net worth — these are the rules she swears by—She started with $1000 and now she’s worth more than $1 million. These are the simple rules that got her there.
- + Australia’s cash mandate consultation period extended by a week amid reports of submission struggles—‘There’s a million legitimate reasons why everybody at some stage will need physical money.’
- + Westpac yearly profits: Big four bank makes billions in profits—The big four bank loaned out over $850 billion in the previous 12 months.
- + Government’s cash mandate moves Australia closer to digital-currency only, advocates say—A decline in the use of cash for transactions poses access issues for users of the format.
- + AARON PATRICK: Westpac’s work-from-home ruling shows why Australia is poorer and less productive—AARON PATRICK: A working mother’s win against Westpac shows just how far the pendulum has swung against employers.
- + ANZ customers report both online banking and app are ‘currently unavailable’—Customers have reportedly been left stranded at checkouts.
- + Hackers targeting Aussie kids through social media and online games such as Minecraft and Roblox—Children are being tricked into downloading software, often related to popular games like Minecraft and Roblox.
- + Unemployment soars to four-year high after RBA chief Michele Bullock hints at another rate cut—Unemployment is now at a four-year high, stirring pressure for a Melbourne Cup day rate cut.
- + NAB struck by internet banking outage, leaving fans to fume over ‘reliability’ —One of Australia’s big four banks said it is ‘doing everything we can’ to fix the problem.
- + ‘Hugely concerning’: Financial experts recommend emergency cash fund that nearly a third of Aussies can’t afford—Canstar data insights director Sally Tindall shared tips to kickstart a financial safety net.
- + Commonwealth Bank outage affects thousands of online banking customers—More than 7000 people reported the outage within an hour.
- + Interest rates: RBA holds official cash rate at 3.6 per cent, deciding against a fourth cut this year - for now—The Reserve Bank has held the official cash rate at 3.6 per cent.
- + Commonwealth Bank confirms frustrating outage due to prolonged maintenance —‘This is a total disgrace, I have to pay rent and utilities today.’
- + Bank cuts continue with NAB to shed hundreds of jobs after ANZ slashes thousands—The axing of staff comes a day after rival ANZ Bank slashed 3500 jobs.
- + Banks back scrapping card surcharge but warn other RBA proposals could reduce benefits—Australia’s surcharging framework has been described as ‘broken’.
- + ANZ bank to axe 3500 jobs in major restructure under CEO Nuno Matos prompting savage nickname—The new CEO has acknowledged it will be a ‘difficult time’ for employees.
- + ANZ staff learn they’re being fired in email blunder amid widespread cost-cutting—The employees were offered psychological support.
- + Commonwealth Bank backflips on decision to replace 45 call centre jobs with AI chatbot—Commonwealth Bank will reverse its controversial plan to cut dozens of jobs and replace them with an AI chatbot, admitting the move was a mistake.
- + National Australia Bank (NAB) to cop $130 million hit to fiscal 2025 earnings after it underpaid staff—National Australia Bank’s earnings will take a $130 million hit after a review revealed the pay shortfall.
- + Aussie bank NAB cops $15 million fine over treatment of vulnerable customers—‘These failures likely made an already challenging time in people’s lives far worse.’
- + Interest rates: Reserve Bank of Australia slashes official cash rate by 25 basis points to 3.6 per cent at August meeting—Learn how much you will save from the third rate cut in 2025.
- + Jigsaw coming together for further interest rate relief—A soft inflation print and surprisingly strong retail sales paint a rosy picture of the Australian economy ahead of a key Reserve Bank rate meeting.
- + Union takes action against Commonwealth Bank for alleged ‘sham’ redundancies—‘This is the very definition of bad faith.’
- + New powers floated for cash access as regulator report reveals Australia’s ‘vital’ physical currency under pressure—Fresh powers for the government will ensure cash distribution services remain in place.
- + Businesses could be banned from charging debit and credit card fees in a move that will save Australians $1.2 billion—The fees cost each Aussie around $60 per year but they could finally be ended for good.
- + Interest rates: Reserve Bank holds cash rate unchanged at 3.85pc—The country’s central bank had been tipped to shift the dial for a third time this year.
- + ASIC sues Westpac for dodgy home loan approvals of subsidiary RAMS—The big four bank’s systemic failures included fake payslips, made-up employers and a sham sale contract.
- + Nick Bruining: Two million old and current customers up for slice of AMP class action over overcharges—More than two million current and former AMP customers have joined a class action against the wealth manager, which began in the Federal Court last we...
- + Westpac Bank slammed over reports it will ‘brutally cut’ more than 1500 jobs despite massive profits—The union lashed the new Westpac CEO for reportedly forgoing the chance to ‘invest in his existing, dedicated workforce’.
- + Economists pare forecasts for rate cut after surprise jump in Australian jobs—The latest job market data comes just days before the RBA’s next rates decision.
- + Westpac shares slip amid profit dip, volatile outlook—Australia’s oldest bank was the worst performer of the big four, down more than 3 per cent.
- + ANZ to scrap internet banking passwords for one million ANZ Plus customers in Australia-first security move —Customers will use different methods to log into their accounts. Here’s what you need to know.
- + Thousands of Australian bank login details leaked on dark web, and banks can’t stop it—More than 14,000 Commbank, 7000 ANZ, 5000 NAB, and 4000 Westpac customer credentials have been stolen.
- + Cash Out Day Australia: Key voice for physical currency concedes event may have fizzled amid ‘unprecedented transformation’—Up to two million Australians were expected to log into ATMs across the country on Tuesday - but did it live up to the hype?
- + Commonwealth Bank investigates ‘issue’ that has locked thousands out of account—‘We are very sorry for the inconvenience. Thanks for your patience.’
- + Cash Out Day Australia: Physical currency advocates to withdraw big sums of money from banks and ATMs on Tuesday—Two million Australians will have the machines running hot.
- + Why Reserve Bank didn’t drop interest rates—Earlier this month, the central bank decided to keep interest rates on hold at 4.1 per cent.
- + Interest rate cuts: NAB predicts a double cut by Reserve Bank in May—The forecast is for a double rate cut when the RBA meets in May, but not everyone agrees.
- + Calls mount for RBA to cut rates now as American tariffs batter the global economy—‘People are hurting already, and every week of delay increases the risk of a recession.’
- + Australian Monarchist League suggests new $5 banknote with King Charles and Indigenous design—‘We’ve done the Reserve Bank’s job for them.’
- + RBA interest rates: Reserve Bank holds cash rate at 4.10 per cent, a month after drought-breaking cut—The Reserve Bank has held the official cash rate at 4.10 per cent.
- + AMP faces backlash over controversial working from home clause in new employee contract—AMP found itself in hot water on Friday after its new employee contract was leaked.
- + Westpac matches ANZ’s low variable rate as mortgage wars heat up—Two of Australia’s biggest lenders are going head-to-head for your home loan.
- + Australian $5 note redesign will remove Queen Elizabeth but not replace portrait with King Charles—The fiver is being redesigned, and it will mean one royally huge omission.
- + A Victorian woman picked up a call from her ‘bank’. It cost her $130k—The woman thought she was keeping her money safe, but the truth was far more sinister.
- + NAB bank teller saves elderly man from losing $400,000 in investment scam—‘It was all a bit strange.’
- + Banks could be named and shamed for not helping customers—The new rules took effect on Friday as the cost-of-living crisis continues to bite.
- + Major banks begin passing on mortgage relief to customers, 10 days after RBA slashed cash rate—It comes more than a week after the RBA slashed the cash rate for the first time in more than four years.
- + Interest rates: ABS inflation data ‘pours at least a bit of cold water’ on hopes of second cut—The RBA board trimmed the cash rate last week, but families struggling with cost of living pressures are hoping for more.
- + Commonwealth Bank CEO Matt Comryn makes big call on future of cash—He also acknowledged the ‘challenging time’ many are facing in a letter to customers.
- + RBA cash rate slashed: Dozens of Australian lenders still to pass on cuts—It comes as the big four banks were put under the microscope over a decision that will cost Australian borrowers millions every day.
- + RBA interest rates: Reserve Bank governor reveals Aussies have written directly to her with mortgage struggles—Many mortgage holders have been fighting to keep up with high interest rates.
- + RBA rate cut: Mortgage holders ‘could save thousands’ by keeping monthly repayments the same—‘If you can grit your teeth and tip any savings into your home loan, you’ll thank yourself down the track.’
- + Reserve Bank cuts rates: What it means for your mortgage, the economy and what to do if you want to buy a house—Relief is finally on the way after the RBA cut the official cash rate. Now 7NEWS’ National Business Editor Amelia Brace details what Aussies should do...
- + RBA interest rates: Reserve Bank slashes rate by 0.25pc, delivering first cut since November 2020—The central bank delivered news every mortgage holder wanted to hear, but wants ‘more evidence’ before another major move.
- + Interest rates: High hopes for rate cut as RBA enters conclave—It would be the first cut from the RBA in more than four years.
- + Australians with HECS debt will now get easier access to mortgage under new government guidance—The change comes at the request of Treasurer Jim Chalmers.
- + Commonwealth Bank increases shareholder dividend by 5 per cent to $2.25 per share following $5 billion first-half profit—‘Through supporting our customers and investing in our franchise, we have been able to deliver solid results for our shareholders.’
- + Westpac Bank confirms outage, as problem with payment terminal for retailers —Down Detector is showing the bank is in the midst of an outage, with 321 reports issued by Tuesday.
- + Backlash as People First Bank announces more than a dozen branch closures—‘This is an attack on regional communities that depend on local bank branches.’
- + Interest rates: How much Australian homeowners could save with a February cut—The Reserve Bank has held the cash rate steady at 4.35 per cent since its last hike in November 2023.
- + Banks fees: Australian households paid 10 per cent more in charges last year, according to RBA—Banks enjoyed a big jump in revenue off the back of the spike.
- + Interest rates: NAB joins rest of big four banks predicting February cut by RBA—Treasurer Jim Chalmers says Australia had made substantial and sustained progress in the fight against inflation.
- + Interest rate cut hopes rise on soft inflation print—The chance of a Reserve Bank rate cut in February has improved considerably after underlying inflation came in below expectations for the December qua...
- + Macquarie Bank trims fixed interest rates weeks before RBA’s February meeting—Mortgage-holders are sweating on the Reserve Bank’s February meeting.
- + Bank of Queensland to close 16 branches across Queensland, Western Australia, New South Wales and Victoria—A major bank has made the ‘difficult decision’ to close a string of branches across the country, further increasing the challenge for Aussies to acces...
- + Working from home debate: JPMorgan Chase reportedly set to call workers back to the office five days a week—Staff enjoying a hybrid arrangement are in for a shake-up.
- + David Koch’s photo stolen by cybercrooks and used in $250,000 scam: How to protect yourself in 2025—Here’s how to keep your money safe.
- + ‘Daylight robbery’: Bendigo Bank introduces new $2.50 over-the-counter withdrawal fee—Changes to the bank’s fees are similar to those controversially rolled out by CommBank.
- + Why your EFTPOS card might stop working on January 1, and how you can fix it—It is estimated that 60,000 cards will be affected. Here’s how you can avoid it.
- + Banking giant HSBC sued by Australian regulator for allegedly failing to protect customers from $23 million in scams—The corporate watchdog says the bank was aware of the scams but failed to take action quickly enough to protect customers.
- + Card surcharge ban and a new face for direct debits among 2025 Aussie payment predictions—‘It’s only a matter of time.’
- + NAB reveals it will scrap passwords in major upcoming change to its online banking amid digital boom—The change is expected to be rolled out for customers ‘over the next few years’.
- + Now is the time to do a bank account health check, with Australians stung billions of dollars in fees—Australian households paid $3.37 billion in bank fees in 2022-23.
- + WA Police charge four men who allegedly spent $350,000 they stole through ‘sophisticated’ scam—Four men have now been charged following a year-long investigation into the ‘sophisticated’ plot.
- + CommBank backflips on account changes and withdrawal fees amid customer backlash—‘This is based on us listening to our customers.’
- + Labor minister Clare O’Neil slams CBA over $3 withdrawal charge when it moves customers to new accounts: ‘It’s Christmas’—‘This is not something the bank should be doing.’
- + CommBank slammed for charging customers $3 to withdraw their own money—The assisted withdrawal fee has been branded a ‘kick in the guts for ordinary Australians’.
- + Commonwealth Bank to slug customers with new withdrawal fee in major change to bank accounts—Customers with Complete Access accounts will be transitioned to Smart Access accounts, which come at a cost.
- + How a Westpac staff member saved Peter from losing $1.2 million—Peter was transferring money to a trusted conveyancer while purchasing a new home when things went awry.
- + Commonwealth Bank outrages Western Sydney community over closure of Doonside branch—A local politician has called the closure a ‘devastating loss for our community’.
- + Commonwealth Bank under fire for ‘bullying’ staff over return to office demand, threatens bonus cuts—‘We continue to see some patterns of attendance that are falling short.’
- + Commonwealth Bank reverses duplicate transactions and vows fee refunds—Customers with the major bank were impacted by a glitch that led to repeat transactions.
- + Commonwealth Bank hit by glitch ‘duplicating’ customer transactions—‘What the hell is going on?’
- + Cash is becoming harder to come by as ATMs and bank branches close across Australia, new Canstar report finds—‘Cash might not rule the roost any more, but there’s still plenty of Australians that rely on it.’
- + Government targets bank card surcharges, threatening outright ban on the fees in 2026—‘This is another step to protect Australians.’
- + ANZ cuts fixed rates on its home loans for owner-occupiers and investors days after NAB—Here’s what the change means for borrowers.
- + ‘Seems like a backward step’: Westpac scraps cardless cash withdrawal from ATMs across Australia from Friday —‘It seems incredibly sudden and unexpected.’
- + Experts say Albanese’s proposed telco and bank scam compensation scheme places ‘burden’ on victims—A proposed law would mean some Australians would be compensated after being caught in a scam. But experts say the process places a new ‘burden’ on vic...
- + NAB cuts fixed rates for owner-occupiers, investors as ‘door open’ to official interest rates decrease next year—It’s expected the bank ‘certainly won’t be the last’ to follow the trend.
- + ANZ, Commonwealth Bank, Westpac, Bendigo and Adelaide Bank refund customers almost $25 million—Customers are receiving a share of $25 million. Here’s why.
- + ‘Suspicious’: ASIC fines Macquarie Bank $4.995m for ‘manipulating energy markets’—The bank failed to stop three of its clients placing ‘suspicious orders’.
- + Commonwealth Bank to trial AI chatbot in rollout of expanded AI-driven customer service—The trial of the new technology could replace some of the bank’s employees.
- + Former Aussie bank employee steals customer details to swindle $53,000 in their names—Suspicions over the 26-year-old man‘s activities were first raised in 2022.
- + NAB customers ‘thrown out’ of bank accounts amid ‘technical issues’—It is the second outage in as many months.
- + Bank of Queensland to sack 400 workers as digital move makes branches ‘no longer sustainable’—The job cuts have been branded a ‘devastating blow to workers’.
- + Bank of Queensland to reportedly sack as many as 600 staff—It’s part of what’s being described as a ‘simplification and digitisation drive’.
- + ‘Insane’ community response after Brisbane couple lose life savings to scam—The pair had saved nearly $98,000 for IVF treatment - and that was wiped out.
- + NAB cuts three-year fixed mortgage interest rate by 0.6 per cent —The move may offer ‘some relief’ to homeowners and prospective buyers.
- + The $20k that Colac teen Noah saved while couch-surfing wasn’t enough for a home. But that didn’t stop him—There is hope on the horizon as the dream of owning a home looks out of reach for many young Australians.
As of 11/14/25 11:52am. Last new 11/10/25 4:22pm. Score: 402
- Next feed in category: Bank Underground - UK