A Queensland woman narrowly avoided losing her life savings in a scam that cost Australians almost $100 million last year. Rebecca (name changed for privacy) visited the NAB branch in Kingaroy, northwest of Brisbane, in early May to transfer $100,000 for a new car. But holes quickly appeared in the sale, with a banker spotting … Read more
A banking code of conduct is needed to make sure Australians living in rural communities can still access to cash amid a flurry of bank branch closures in country towns, a new Senate report claims. The report released on Friday by the Senate inquiry investigating bank closures in regional Australia recommended the Australian Government “urgently … Read more
Most Australians are planning to save any extra money they receive from their stage 3 tax cut, new data from NAB Bank has revealed. Younger Australians, women and those earning between $100,000 and $150,000 are the most likely to save their boost when the stage 3 tax cuts kick in on July 1 rather than … Read more
Customers at a major Australian bank will be stopped from withdrawing and depositing cash and cheques from branches this month, as it shifts towards “completely digital” payments. Macquarie Bank last year announced it would phase out its cash and cheque payments for customers from this year, citing a shift in customers’ banking habits. From May … Read more
Android users are being warned of a new type of malware connected to the Chrome internet browsing app, which has the potential to take control of users’ phones and potentially access banking information. The new malware, named Brokewell, reportedly disguises itself as an update for Chrome. Once downloaded, it can allow cybercriminals to access sensitive … Read more
“IT is weak. Banking, you are seeing a bit muted, not so much because of growth or asset quality, but because margins are under some level of pressure,” says Ashi Anand, Founder & CEO, IME Capital. The kind of earnings that we have seen here, globally also there is so much of focus on earnings … Read more
About a third of American households, according to a survey from the Federal Reserve, don’t have $500 in their savings accounts. Because we live in a car-centric society, having your car unexpectedly break down could cause massive financial hardship. If a car in one of these households needs repairs, and there isn’t enough cash on … Read more
Many small businesses across Australia have chosen a side in the cash debate — with some refusing to take physical money, and others only accepting digital payments, as bank branches close, and the use of physical cash dwindles across the country. But WA publican Sam James, who has been running her pub as a cash-only … Read more
New data reveals Australians are changing their holiday plans during the cost-of-living crisis, saving them at least $300 per month. NAB’s consumer sentiment survey of more than 2000 Australians found one in three people were reporting high stress as a result of the cost of living during the first quarter of 2024. As a result, … Read more
Mumbai: India’s key stock gauges, led by banking and financial shares, slumped more than 1% each Monday on mounting concerns of an escalation in the West Asia conflict, while likely central bank intervention in the currency markets cushioned the rupee’s fall, but couldn’t prevent a record closing low for the unit. Benign inflation prospects on … Read more
