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The share of ANZ’s Australian mortgage portfolio more than 90 days overdue rose to 0.95 per cent in September from 0.83 per cent six months earlier.

BankingPremiumANZ sounds housing alarm as hardship jumps

More housing pain, weaker jobs and mounting hardship: ANZ’s outlook darkens as cost cuts lift annual cash profit to $7.59 billion and its global workforce shrinks by more than 3000.

Ryan Johnson

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BankingPremium‘Resilient’: ANZ profit surges to $7.6n

While Australians battle cost-of-living pressures, ANZ has surged to a multibillion-dollar full-year cash profit, with shareholders reaping the rewards.

Cameron Micallef

ANZ Group has made a bottom-line net profit of $7.27 billion in fiscal 2026. (Darren England/AAP PHOTOS)

BankingPremiumANZ plan delivers with big bank's best result in years

ANZ has boosted full-year profits after making strides on a transformation plan, despite having to lift bad debt provisions.

Kaaren Morrissey

ANZ chief executive Nuno Matos.

BankingPremiumBig bank promises no regional branch closures until 2030

Big four bank pledges to keep a presence in every community in which it currently operates a branch until at least December 2030.

Adrian Lowe

Outgoing Macquarie chief executive Shemara Wikramanayake.

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Macquarie’s $25b profit on big jump in commodities, markets

Macquarie Group’s profit came in line with expectations as volatility buoyed earnings within its powerhouse commodities and global markets division.

Richard Henderson

President Santiago Pena announced his resignation as MPs debated his impeachment. (EPA PHOTO)

BankingPremiumParaguay president resigns following bank collapse

Paraguayan President Santiago Pena has quit after about half the population was left without access to bank accounts following the collapse of lender Ueno.

Staff Writers

NAB has recorded a $13.7b profit for the 2026 full-year.

EconomyPremiumRecession risk rising as WA shielded by mining strength: NAB

WA’s resources industry is helping it weather a slowing economy, NAB boss Andrew Irvine says, as recession risks rise and the share of its Australian mortgage book underwater jumps more than sixfold.

Ryan Johnson

NAB has recorded a $13.7bn profit for the 2026 full-year. Gaye Gerard/ NewsWire

UPDATEDPremiumBig 4 bank’s huge profit revealed

One of Australia’s big four banks has posted its full-year profit, with its chief executive declaring business divisions are “getting stronger” despite a challenging environment.

Cameron Micallef

Michele Bullock will address media later today to outline the RBA’s reasons for a hike.

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RBA chief admits Australia feels like it’s in recession

The Reserve Bank has raised interest rates to the highest level since December 2008 - with governor Michele Bullock hinting at more pain.

Stephen Johnson

Perth’s house prices are tipped to see the largest downturn on record.

EconomyPremiumExperts reveal grim prediction for Perth property prices

Perth homeowners have already watched thousands vanish from their home values, and one of the big banks says the worst is still to come.

Adrian Lowe

Westpac forecasts house prices will fall 10.9 per cent in the 12 months to March 2027, with its economists expecting two rate cuts in the second half of next year.

BankingPremiumWestpac says ‘overcommitment’ driving mortgage hardship

Westpac’s annual profit fell short of expectations at $6.81 billion as the big four bank forecast a near-11 per cent slide in house prices and its boss raised the prospect of more interest rate pain.

Ryan Johnson

Westpac boss Anthony Miller.

BankingPremiumWestpac books $6.8b profit as mortgages slow

Westpac’s profit missed expectations as chief executive Anthony Miller said Australia’s economic outlook remains uncertain.

Richard Henderson

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UPDATEDPremium‘Solid’: Westpac announces $6.8bn profit

Westpac has announced its profit for the 2026 full-year, while saying many households and businesses are facing “challenging times”.

Joanne Williamson

Mortgage holders are maintaining stable repayment rates despite consistent interest rate hikes. (Susie Dodds/AAP PHOTOS)

BankingPremiumMortgage customers keep on top of interest rate hikes

The number of Westpac customers behind on mortgage payments has held steady despite four interest rate hikes in 2026 and the strong prospect of more to come.

Derek Rose

Australian Taxation Office commissioner Rob Heferen admitted he drew the wrong conclusions about businesses paying their tax bills using a credit card.

CREDIT CARDSPremium‘Jumped to conclusions’: Tax boss admits error

The boss of the Australian Taxation Office admits he “jumped to conclusions” as sweeping changes to card payments were brought in, distressing thousands of small businesses.

Blair Jackson

Commonwealth Bank could stand to be a rare bank winner from Anthropic’s IPO, as CEO Matt Comyn has welcomed opportunities AI can create.

Artificial intelligencePremiumAnthropic IPO could make CBA a rare bank winner

Anthropic’s initial public offering may give Commonwealth Bank an opportunity to cash in on a stake it purchased in the artificial intelligence startup more than a year ago and whose valuation has ballooned.

Richard Henderson

Westpac has blamed the Albanese Government’s changes to credit card charges for its decision to jack up interest rates paid by Visa and Mastercard users.

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Westpac to jack up interest for Visa, Mastercard users

A big four bank has blamed the Albanese Government’s changes to credit card charges for its decision to jack up interest rates paid by Visa and Mastercard users.

Ben Harvey

Barclays’ plan to cut 5000 jobs has put fresh focus on how quickly AI could reshape banking, as Australian lenders also slash roles while chasing productivity gains.

BusinessPremiumFears of workplace wipeout across banking sector

Barclays’ plan to cut 5000 jobs has put fresh focus on how quickly AI could reshape banking, as Australian lenders also slash roles while chasing productivity gains.

Tom Richardson

National Australia Bank CEO Andrew Irvine.

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NAB boss gave hint weeks before cutting 2500 jobs

Almost two months ago, NAB chief executive Andrew Irvine lamented that Australia was experiencing its worst ever bout of productivity growth and noted typing pools were now a thing of the distant past.

Stephen Johnson

P&N Bank boss Andrew Hadley.

BankingPremiumP&N lifts profit despite tough backdrop

The $30.4m profit, up 7.6 per cent on the 2025 financial year’s $28.3m, was supported by 5 per cent growth in loan volumes and a 7.6 per cent rise in deposits.

Sean Smith

The NAB has announced it is cutting 2500 jobs. Gaye Gerard/ NewsWire

BREAKINGPremiumBig four bank to axe 2500 jobs

One of Australia’s big four banks is cutting 2500 jobs in a bid to “simplify its operating model” by the middle of 2027.

Joanne Williamson and David Hannant

National Australia Bank has announced it will be retrenching thousands of staff this financial year including many by the end of 2026.

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NAB slashes 2500 jobs amid ‘deeper’ banking shake-up

National Australia Bank has announced it will be retrenching thousands of staff this financial year, including many by the end of 2026.

Stephen Johnson

If you’re on a high marginal tax rate, are your savings better off in a bank’s term deposit or in your super? There are advantages to both but the tax breaks could make the move to super more effective.

BRUINING Q+A PremiumShould I shift money out of the bank and into my super?

Q+A: If you’re on a high marginal tax rate, are your savings better off in a bank’s term deposit or in your super? There are advantages to both but the tax breaks could make the move to super more effective.

Nick Bruining

Bank of Queensland has reported a $250 million profit, up 88 per cent. (Dan Peled/AAP PHOTOS)

BankingPremiumRegional lender plots return to home-loan growth

Bank of Queensland is stepping back into the mortgage market with aggressively priced owner-occupier home loans originated by its digital-only brands.

Derek Rose