Business
Banking & finance
The big banks are making billions and there’s good news for households
Major bank profit results are always a big deal for investors, but recent updates also point to how the financial landscape is changing for borrowers.
- by Clancy Yeates
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Opinion
Jobs
Bring back the humans: CBA’s embarrassing AI jobs bungle a salutary lesson
It is clearly a bad look for the bank that talked up embracing the new technology to so publicly mishandle this particular aspect of its implementation.
- by Elizabeth Knight
Wall Street giant targets Australia’s richest families
Goldman Sachs is looking to take advantage of a boom in self-made multimillionaires and family wealth looking for global investments.
- by Richard Henderson
Updated
Earnings season
NAB flags $130m hit from ‘payroll issues’, including wage underpayments
The banking giant apologised to staff and said it had launched a broader review into payroll-related benefits.
- by Clancy Yeates
The fake heiress, the Instagram shoot and the abandoned bunnies
Three rabbits used in a photo shoot featuring Anna Delvey, whose real name is Anna Sorokin, were found roaming in Prospect Park in Brooklyn.
- by Neil Vigdor
How bank branches can avoid the fate of video stores
Bank branches won’t disappear, but what happens in them will be very different in five to 10 years, says the Banking Association’s outgoing boss Anna Bligh.
- by Clancy Yeates
Updated
Earnings season
CBA market value takes $15 billion hit despite record profits
The high price of CBA shares has caused ongoing debate in the market, and investors headed for the exits after the release of its results on Wednesday.
- by Clancy Yeates
ASX’s biggest stock is tipped to make $10.3b. Will it be enough for investors?
All eyes will be on the Commonwealth Bank this week as it delivers profits amid debate over its sky-high share price.
- by Clancy Yeates
Work-from-home rights in law ‘a bridge too far’: wealth boss
AMP chief Alexis George says there should be a “horses for courses” approach when it comes to working from home.
- by Clancy Yeates
Australians are set to inherit huge amounts of money. Here’s what to do with it
Financial experts warn against being tempted to rush out and spend an inheritance quickly.
- by Frances Howe
Watchdog nears decision on letting US giant compete with ASX
The move would pave the way for stock exchange operator Cboe to conduct sharemarket listings of companies in Australia.
- by Clancy Yeates