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The Latest Breaking News from Anna Bligh

A third of the nation's bank branches have shut in the past five years — for people in the country, that's a huge problem

Despite soaring profits for Australia's big four banks, that number in the billions, almost one-in-three of their branches have closed in the past five years and now a parliamentary committee is examining the impact of those closures, especially on regional centres.

See when Australia's biggest banks stopped paying proper interest on your savings – and what you can do about it

See when Australia's biggest banks stopped paying proper interest on your savings – and what you can do about it

Whenever interest rates went up in the past, I used to get told it wasn’t all bad news. At least it was good for some people: savers – people with money in the bank.

The Conversation

Hipkins' energy – and inexperience – on display in Australia visit

Hipkins' energy – and inexperience – on display in Australia visit

The new PM's enthusiasm for his role was palpable during his first offshore visit to Canberra, but more work may be needed on his foreign policy bona fides.

From analysis to the latest developments in health,
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Australian towns are fighting to hold on to their bank branches, as government flags review of replacement services

In the past five years, the number of bank branches has dropped 30 per cent. While growing numbers of Australians are doing their banking online, the local bank remains a vital service for many isolated regional communities.

Labor's love lost: the tide is turning on private ownership of electricity grids

The promise by the Andrews government to reintroduce public enterprise to Victoria’s electricity industry, through a revived State Electricity Commission, is something of a shock.

The Conversation

The banking industry overseer wants more powers, but will it get them?

Three years after it was formed, the committee enforcing breaches of the Banking Code of Practice has used its most serious sanction just twice. That power is writing the name of a bank on a report.

COVID-19 lockdowns see rise in bank and credit-card fraud as more people work and shop from home

More Australians have had money stolen from their bank or credit-card accounts during the pandemic due to a growth in online shopping. While most victims are reimbursed by their financial institutions, there are some grey areas.

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Banks Are Closing ATMs Like It’s Going Out Of Fashion So Sorry Dad, Cash Is No Longer King

Banks Are Closing ATMs Like It’s Going Out Of Fashion So Sorry Dad, Cash Is No Longer King

He was right that we're spending too much damn time on our phones, though.

Bankers want reforms to stop elder abuse

Bankers want reforms to stop elder abuse

The Australian Banking Association is calling on federal and state governments to commit to reforms to prevent financial abuse of the elderly.

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Anthony Albanese

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Australian Competition and Consumer Commission

State Electricity Commission

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