Focus
banks
State MP Presents Motion to Stop ‘Relentless’ Banking Branch Closures
Major banks have been steadily closing branches across Australia citing the popularity of online digital services.
NAB Cash Earnings Slide 16.9 Percent, Still Beating Market Expectations
The bank’s share price rose 0.36 percent on the market on Feb. 21.
Rural Bank Closures Leave Vulnerable Australians Struggling: Report
Branch closures are leaving many regional residents grappling with limited access to essential financial services.
Westpac Shares Rise as Bank Reports $1.5 Billion Profit
Westpac shares were up 2.52 percent.
Supermarket in Regional Western Australian Town Stops Issuing Cash
The temporary measure comes as multiple banks close in the regional town.
Layoffs, Branch Closures Reveal Banking Crisis May Be Far From Over
The financial sector is still tapping into the Federal Reserve’s crisis-era emergency lending facility.
150,000 People Sign Petition Against Cashless Society
Falling bank and ATM numbers increase fears of a cashless society.
Major Bank Backs National Digital ID ‘For All Australians’
National Australia Bank believes industry and community-led digital ID will complement and extend the reach of government digital ID.
‘Stop Herding Us Into a Cashless Society’: Calls for Pause on Bank Closures Following Optus Outage
The Optus outage has sparked fears of a world without cash.
Australia Post Will Not Go Cashless: CEO
Branch closures are putting pressure on Australia Post to provide banking services to regional communities.
US Bank Deposits Held up for Days After ‘Processing Error’ Delayed Numerous Payments
Some customers say they can’t pay their rent or mortgage, or haven’t received their paychecks.
Commonwealth Bank to Pause Regional Branch Closures, but Says Customers Going Online Fast
A Senate inquiry is examining the impact 600 bank closures in regional communities have had since 2017.
Fitch Warns It Might Downgrade Dozens of US Banks After Slashing America’s Credit Rating
A senior analyst at Fitch warned on Tuesday that the credit rating agency may be forced to slap dozens of American banks with downgrades amid ongoing woes in the U.S. banking industry.
