Banking products
- Opinion
- Private credit
Private credit’s ‘naked swimmers’ are surfacing
The private credit sector is experiencing a rush of redemptions that has led to comparisons with the sub-prime mortgage crisis in 2008. Can it sink the financial system?
- Stephen Bartholomeusz
Latest
- Opinion
- Macquarie Group
The banks’ fight over $285b in ‘free money’ has a lesson for savers
There’s a growing fight between banks to hoover up people’s savings, including a large pile of money that’s earning no interest at all.
- Clancy Yeates
‘Nip it in the bud’: Watchdog floats banning ‘harmful’ financial advertising
The corporate regulator’s chair says there could be a case for banning some advertising of risky financial products.
- Clancy Yeates
- Updated
- Banking & finance
‘Blacklist’: Trump sues America’s biggest bank and its billionaire CEO
JPMorgan Chase and its chief, Jamie Dimon, are being sued for at least $US5 billion over allegations the lender stopped offering the president banking services for political reasons.
- David Voreacos and Hannah Leavitt
- Updated
- Perth
‘Calling it quits’: Union rages at CBA’s latest Bankwest decision
Commonwealth Bank has been accused of essentially giving up on its West Australian subsidiary.
- Cameron Myles
- Exclusive
- Banking & finance
Fake documents, ghost trucks: Westpac’s secret fraud probe revealed
Westpac has conducted an internal investigation into fraud in its business banking division that staff say has been driven by a toxic, sales-focused culture.
- Charlotte Grieve
- Opinion
- Pension
How gifting your grandkids money could actually increase your pension
If you’re gifting from a financial asset – like money in the bank or shares – giving it away won’t hurt your pension. In fact, it could help.
- Rachel Lane
- Opinion
- Private banking
‘Cockroach’ warning by America’s top banker sparks fears about the financial system
A recent spate of corporate failures has raised concerns of a financial bubble created by non-bank lenders.
- Stephen Bartholomeusz
- Opinion
- Home loans
Why the big banks have copycat plans to sell you a mortgage
Despite the recent job-shedding in the sector, one area appears to be avoiding the axe: bankers who can help their employers write more home loans.
- Clancy Yeates
Charlotte Grieve speaks American Express security failures
Speaking on the Today show, Age journalist Charlotte Grieve details how millions of America Express customers were left at risk of privacy breaches, fraud, identity theft and physical harm.