The Latest Breaking News from Steve Mickenbecker

Big four banks are being undercut by their subsidiaries.

Big banks are attracting new customers via their subsidiaries and digital offshoots while customers with their main brands keep their margins healthy.

Several banks have started jacking up rates for new mortgage customers, reversing a trend of cutting rates to attract new business.

Failing to swap to a better home loan rate could be costing mortgage holders hundreds of dollars extra per month.

Pressure is mounting on the federal government over tax cuts, amid support for super changes and ahead of another interest rate rise.

The Reserve Bank is expected to hike interest rates again this week and turn up the heat on already stretched household finances.

Australian banks — which made bumper profits last year — are facing soaring funding costs as they need to repay $188 billion of cheap money borrowed from the Reserve Bank in the coming years, which is bad news for home loan borrowers.

We've lived through some benign investing times with property and shares rising as interest rates fell for a decade, but things are changing.

People are taking advantage of higher interest rates on their savings accounts but it's becoming hard to find a high rate without conditions attached.