April
- Updated
- Cash economy
Linfox lays out its terms for keeping Armaguard afloat
Peter Fox, the company’s executive chairman, says his family are “not beggars here”. He says the cash-in-transit monopoly will keep operating if fees rise.
- Updated
- James Eyers
March
Coles hoards cash over Easter as Armaguard teeters on the brink
The Lindsay Fox-controlled monopoly has engaged former ACTU secretary Bill Kelty to lead negotiations with major banks over a rescue package.
- James Eyers and Patrick Durkin
- Opinion
- Banking Summit
Banks struggle to balance risk, reputation and regulation
Blowback over lending practices and perceived corporate greed means banks have become reluctant to take too many chances with their lending. But at what cost?
- Jennifer Hewett
- Updated
- Banking Summit
Banks warn growing risk aversion pushing borrowers into worse loans
National Australia Bank’s Ross McEwan says some prospective customers are being pushed toward riskier loans as the rules make lending more expensive.
- Updated
- Lucas Baird and James Eyers
Why it’s so hard to keep cash alive in Australia
The peak sector lobby group has confirmed the banks and large retailers have offered a short-term lifeline to keep cash transport firm Armaguard operating.
- Lucas Baird
From scandals to Team Australia: a decade of the AFR Banking Summit
The Summit is in its 10th year. We’ve had a courtside seat to the drama as a tarnished sector recovered during COVID.
- James Eyers and Lucas Baird
Chalmers pushes planning scheme amid torrent of new banking rules
The treasurer said the so-called regulatory grid would force regulators to consider the burden of changes on lenders, especially smaller and regional groups.
- James Eyers
February
Hopes for rate cut dashed as RBA board meets
As RBA directors arrived at Martin Place, former official Paul Bloxham said interest rate cuts were a “distant prospect”, and traders pushed out their predictions.
- John Kehoe and Joanne Tran
Banker pay a ‘work in progress’ five years on from Hayne inquiry
On the anniversary of the banking royal commission, the prudential regulator says there’s still work to do on remuneration, risk culture and accountability.
- James Eyers
December 2023
The rise and fade of ‘Labor hero’ Annastacia Palaszczuk
Annastacia Palaszczuk first defined herself in opposition to Campbell Newman, but will be remembered for her strong will during the COVID-19 pandemic.
- Gus McCubbing
ACCC lets banks enter emergency talks on the future of cash
The competition regulator granted the Australian Banking Association interim authorisation to hold meetings to consider Armaguard’s request for extra funding.
- James Eyers
November 2023
Banks and buy now, pay later stump up for financial counselling
The Albanese government will implement a key recommendation of the Hayne royal commission to provide more help to vulnerable people.
- Tom McIlroy
September 2023
The UK answer to the banks’ regulation strangulation problem
Peter King and Anna Bligh met Jim Chalmers to call for a high-level planning scheme to force legislators and regulators to sequence compliance demands.
- James Eyers
Country’s online gambling ministers to meet amid credit card crackdown
The government is introducing a law to ban the use of credit cards and digital currencies for online gambling.
- Sam Buckingham-Jones
August 2023
Over-regulation strangling smaller bank competition: Bligh
The ABA chief told the House economics committee 130 different regulatory changes are in train over the next 12 to 18 months.
- Lucas Baird and James Eyers
Banks seek a carve-out from new AI regulation
The ABA wants the government to audit every existing law to work out how AI is captured, and to only make new AI-specific rules to fill any gaps.
- James Eyers
- Exclusive
- Big four
Crypto platforms a ‘getaway’ for half of scam proceeds
New data says about half of all scam proceeds vanish from the grasp of victims and law enforcement agencies via crypto platforms.
- Lucas Baird and Jonathan Shapiro
June 2023
Third super giant joins boycott of PwC
HESTA is the latest super giant to boycott PwC; Labor has denied Brittany Higgins and her partner discussed strategising with Finance Minister Katy Gallagher when she was in opposition. How the day unfolded.
- Updated
- Gus McCubbing and Campbell Kwan
May 2023
Call to scrap credit test to free households from mortgage prison
An increasing number of prospective borrowers and refinancers are unable to take out a loan because they cannot pass the Australian Prudential Regulation Authority’s serviceability test.
- Michael Read
April 2023
- Exclusive
- Carbon challenge
Queensland’s bright idea that has cost taxpayers $3.2b
All state governments offered feed-in tariffs to encourage the uptake of rooftop solar panels about 15 years ago, but Queensland’s scheme will run until 2028.
- Updated
- Mark Ludlow