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‘It beggars belief’: CommBank’s ‘cover-up’

Video Image The bosses of Commonwealth Bank and ANZ are facing another round of questioning before MPs. CommBank CEO Ian Narev speaks during a House of Representatives Economics Committee hearing at Parliament House in Canberra on Tuesday, March 7, 2017. Picture: Lukas Coch/AAP THE Commonwealth Bank’s much criticised report into …

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Banks accused of $3.5 billion rip-off

The major banks are under scrutiny as they face questions into questionable banking practices in Canberra. AUSTRALIANS are being ripped off billions of dollars because of greedy banks’ refusal to pass on interest rate cuts, consumer group Choice says. As the big four banks front up at today’s Parliamentary Inquiry …

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Changes loom for credit cards, loans

Video Image David Koch on whether you should get a credit card. Credit score providers will soon have access to even more information. NEW rules affecting every Australian applying for credit cards, loans or mortgages will soon kick in, but most people don’t even know about them. That’s the warning …

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No housing bubble, says Westpac

Westpac boss Brian Hartzer, right, during a House Economics Committee at Parliament House in Canberra. Picture: Gary Ramage ONE of the nation’s biggest banks does not believe there is a housing price bubble in Sydney or Melbourne and, like federal Treasurer Scott Morrison, thinks the sharp rise in valuations is …

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