Banking

Australia's share market closed on a fresh record high after encouraging inflation data on Wednesday reduced the chances of a rate cut next week, while the Federal Reserve left US interest rates unchanged. Look back on the day's market news.

After a scammer took $1.6 million of her mother's money, Harriet Spring is calling for banks to do more to support victims like herself.

The ASX closed higher after June-quarter inflation data was in line with most economists' expectations. See how the day's trade unfolded on the blog.

The RBA will decide whether to hike or hold rates next Tuesday. The bank's new deputy governor has offered us some clues to which way they might go.

Commonwealth Bank has been issued with two fines worth $18,000 each after pleading guilty to not paying long service entitlements to staff.

Regulators keep telling us that everything is OK and Australians are coping with surging mortgage repayments. But does the reality for many households match the soothing reports?

Mining and energy stocks are top performers on the ASX200 today. As it happened.

The ASX lost 1.3 per cent after US markets plunged in their worst day since late 2022. All indices in Asia lost value today. Catch up on the day's events and insights with our business reporters on the ABC News live markets blog.

The Australian share market closed lower following Wall Street as investors digest the latest financial results from America's biggest companies, including Tesla's profit margin slump. Follow live.

A massive IT systems outage caused by issues with CrowdStrike software affects banks, airports, supermarkets and media companies across Australia and around the world.

Unemployment has risen slightly to 4.1 per cent in June, up from 4 per cent the previous month. As it happened.

Australian stocks have ended higher to set a new record, following a rally on Wall Street. Meanwhile, Andrew Forrest's Fortescue announced it would axe 700 jobs by the end of the month — equivalent to 5 per cent of its workforce.

ANZ, NAB, Westpac and CommBank collectively loaned billions to companies such as Santos and Woodside to expand or operate oil, gas and coal projects.

Australian shares set a new record high during trade on Friday, where Commonwealth Bank stocks hit a record high, and took BHP's spot as the largest company on the ASX. As it happened.

We went on a deep dive after the stocks of Telix and Select Harvests both rose suddenly on the ASX. Meanwhile, the overall market finished higher, after another rally on Wall Street. See how the day unfolded on our live blog.

Privacy laws are restricting banks' abilities to effectively deal with cases of financial abuse, Australia's second-largest bank has told a federal inquiry.

The Australian government's efforts to crack down on money laundering is facing resistance from certain professions, but failing to do so is leaving the nation well behind the global fight against these financial crimes.

A man accused of setting up a sham company used to steal $1.7 million from Australian scam victims has admitted in court to deleting crucial messages.

The Australian share market closed lower on Friday, while a report by the ACCC has warned that the eastern states could face a gas shortfall by 2027 — a year earlier than it had previously predicted.

Reactions to the parliament's ASIC inquiry, a look at what's brought wheat prices down and the ASX closes trading higher: as it happened with our business reporters on the ABC News markets blog. 

Australia's largest online bookstore, Booktopia, has collapsed and been placed into voluntary administration. Meanwhile, Australian stocks ended higher on Wednesday after a rally on Wall Street overnight.

With banks under near-constant attack from malicious actors trying to access everything from money to personal information, Australia's major banks are ramping up cyber security and urging customers to be more educated about scams.

An expert panel of top economic forecasters expects the Reserve Bank to cut interest rates two to three times over the next 18 months, with the first cut likely in March.

Nine Entertainment has announced it'll cut up to 200 jobs, ASX trading higher in midday trade. Catch up on the day's events and insights as they happened.

Inflation rose to 4 per cent in the 12 months to May, according to the latest data by the Australian Bureau of Statistics. Economists had broadly expected inflation to rise slightly to 3.8 per cent. Catch up on the day's news in the business blog.