Business
Banking & finance
NAB signals confidence with $1.5b buyback as profits rise
The country’s second-largest bank reported a 5.8 per cent increase in profit and announced a $1.5 billion share buyback but saw the quality of its loans fall.
- by Millie Muroi
Latest
Bendigo customers eating into buffers but no signs of distress
The country’s fifth-largest banks has seen an uptick in late repayments and a draw down in buffers, even as it posted a record cash earnings result.
- by Millie Muroi
SUVs still running hot despite cost-of-living squeeze
Carsales.com says consumer demand for gas-guzzling sports utility vehicles (SUVs) remains healthy despite high petrol costs, helping the automotive classified website post sharply higher profits.
- by Clancy Yeates
Opinion
Payments
Why the RBA needs powers over Apple and Google’s payments forays
Tensions between the banks and Apple are bubbling up to the surface as the government prepares to give the RBA powers over digital wallets.
- by Clancy Yeates
Opinion
Investing
Why Shayne Elliott’s future hinges on the ANZ-Suncorp deal
The competition regulator has been criticised for blocking ANZ’s bid to acquire Suncorp bank. But why are no hard questions being asked of ANZ’s chief executive, Shayne Elliott?
- by Anne Hyland
AMP to cut costs, keep capital ahead of legal verdict
Alexis George, who has led the simplification of AMP since 2021, said she would pause its capital return plan given uncertainty around legal matters.
- by Millie Muroi
Alarm sounds on insurance as Australia’s natural disaster risk surges
Global giants that play a key role in the insurance market are viewing Australia and New Zealand as riskier markets – and this is feeding into higher premiums.
- by Clancy Yeates
Opinion
Private banking
Despite 10 billion reasons to hate the banks, it’s not that simple
In these times of ‘greedflation’, businesses like the CBA have too much power to push up prices. But wages growth will outpace prices in the years ahead. You can bank on it.
- by Chris Richardson
Updated
Earnings season
Investors wary on CBA margins after record $10.2b profit
The country’s largest bank posted a record profit, but investors said the bank’s margins could be squeezed by stiff mortgage competition in the coming months.
- by Millie Muroi
CBA defends profits amid signs of increasing financial stress
The country’s biggest bank said it was important for banks to be generating profits so they could support the economy through a period of economic weakness.
- by Millie Muroi
Suncorp flags more premium hikes as reinsurance costs bite
The insurer says premiums for car and home insurance have been increasing at double-digit rates, and prices will continue to rise.
- by Clancy Yeates