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Treasurer: Inflation to peak at 7.75% in December quarter
Annual inflation is expected to peak at 7.75 per cent in the December quarter of this year after touching 6.1 per cent for the year...
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Complaints involving financial hardship drop in FY22
The Australian Financial Complaints Authority’s (AFCA) CEO David Locke has acknowledged the work banks have done to support...
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IMF lowers global economic growth forecasts
The International Monetary Fund says world growth will slow from 6.1 per cent last year to 3.2 per cent in 2022 and then drop to 2....
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Annual CPI jumps by 6.1%
The annual Consumer Price Index (CPI) jumped by 6.1 per cent – the biggest rise since the introduction of GST, according to the...
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Westpac’s next steps in becoming a digital-first bank
Westpac’s five million digitally active customers are set to enjoy a better digital banking experience, including a digital...
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Mastercard gains TDIF accreditation
The Trusted Digital Identity Framework (TDIF) has accredited Mastercard as an identity provider for three out of four of its...
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CommBank app to allow customers to see their carbon footprints
In an Australian banking first, CommBank’s retail customers will be able to view their personalised carbon footprint, based on...
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Wayne Byres to step down as APRA chair
Wayne Byres will stand down as chair of the Australian Prudential Regulation Authority (APRA) on 30 October 2022 after eight years...
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Volt Bank finalises the return of customer deposits
The Australian Prudential Regulation Authority (APRA) has confirmed that Volt Bank has returned deposits to its customers. ...
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Antony Shaw to head HSBC Bank Australia
Antony Shaw will step up as HSBC Bank Australia’s CEO from 1 September, replacing Kaber Mclean who has decided to take a six-month...
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Banks launch factsheets for customers in financial distress
The Australian Banking Association and its member banks have released two new fact sheets to help consumers and financial...
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ACCC launches free CDR sandbox
The Australian Competition and Consumer Commission has launched a consumer data right (CDR) sandbox, a free tool that will...
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