A Sydney man says a surprise plan to take his parents overseas has been dashed after he was duped out of $50,000 in a cruel scam. HSBC Australia customer Gerald Chin told 7NEWS.com.au his nightmare started when he received what he thought was an innocuous text from his bank asking him to call them on … Read more
Commonwealth Bank is cutting almost 200 jobs across three Australian capital cities, blaming a downturn in retail banking, a union representing workers said. The Financial Sector Union said, following talks with Commonwealth Bank Australia, 192 jobs would be cut from Sydney, Melbourne and Perth in sectors including consumer finance, everyday banking, home buying operations and … Read more
Tracey was at home cooking dinner one night when she heard a 7NEWS segment about junk insurance. Months later, she would receive a $90,000 refund she had no idea she was owed. “When I heard the segment I went ‘oh my goodness’ and quickly wrote all the information down,” she told 7NEWS.com.au. For more Personal … Read more
There is more financial pain on the cards for Australian borrowers, with all four of Australia’s big banks announcing they would lift mortgage rates following the Reserve Bank’s Melbourne Cup day hike. The Reserve Bank delivered a 25 basis point increase to the official cash rate on Tuesday. WATCH THE VIDEO ABOVE: After four months … Read more
National Australia Bank will close five branches next year, the bank has confirmed. NAB retail executive Krissie Jones said the branches to be closed on March 7, 2024 are Tuggeranong in ACT, Scone in NSW, Emerald in Greater Melbourne, Runaway Bay on the Gold Coast and Balmain in Sydney. She said the closures were a … Read more
