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The Latest Breaking News from ANZ

Some savers still being left behind as cash rate lifts

Banks are still picking and choosing which deposit accounts to lift rates on despite pressure from the consumer watchdog to pass higher rates on to savers.

AAP

The Reserve Bank is tipped to raise interest rates again, even as some families struggle to meet higher home loan repayments

Australia's major banks expect the Reserve Bank will lift the cash rate to its highest level since May 2012 later today, but thousands of families like Le Tran's are already having to make sacrifices to make ends meet.

ABC News

ANZ bank apologises after customers' personal information found in Perth skip bin

One of Australia's biggest banks investigates after customers' personal data is discovered "floating down the street" after being dumped in a skip.

ABC News

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ANZ bank documents found dumped in suburban skip bin

A Perth man found dozens of dumped ANZ bank documents, some of which were blowing down the street, while walking near a recently-closed branch.

The New Daily

Growing momentum for 'David and Goliath' official inquiry into banks

Proposed terms of reference say bank account number portability must be enforced with urgency, and ex-ministers like John Key shouldn't go straight onto bank boards. Jonathan Milne reports.

Newsroom.co.nz

Reserve Bank would back a Commerce Commission probe into bank profits

Some retirees could face a cold and hungry winter, as costs rise and banks slow-pedal their term deposit interest rates. It's allowing the big banks to maintain high margins and send record dividends back to their Australian owners. Jonathan Milne reports.

Newsroom.co.nz

New Zealand’s Blair Tickner saw ‘lives being flipped upside down’ by cyclone

Tickner made his Black Caps debut in the series opener at Mount Maunganui.

The Independent UK

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ACCC asking why banks are slow to lift interest rates on savings accounts

The landscape for Australian savings rates is changing fast as banks begin to relent after the RBA’s February interest rate hike.

The New Daily

China's economy is recovering — is that a good thing for Australians faced with surging prices?

China's rebounding economy is set to have ramifications for Australia — both good and bad — and could exacerbate our cost-of-living issues.

ABC News

Australia’s softening inflation unlikely to spell an end to interest rate hikes

The worst of the current inflationary cycle may be behind us, but the pain is probably not over for many households

The Guardian - AU

Terry Irving spent 1,671 days in jail for a crime he didn’t commit – and 25 more years seeking justice

Australia is the world’s only democracy that fails to offer statutory legal remedy for those wrongfully imprisoned

The Guardian - AU

Jobless rate likely still below 4pct

The next set of jobless and employment numbers due this week are likely to show the labour market remains tight ahead of next month's central bank meeting.

AAP

Boxing Day shoppers ready to smash records

Boxing Day spending is expected to reach record heights as shoppers look to snap up bargains, despite financially challenging times.

AAP

Australia's 2023 economic outlook unclear

There are a range of unknowns hanging over Australia's economic fortunes in 2023 but most agree a recession is unlikely.

AAP

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AAP

ANZ bracing for uplift in household stress

ANZ CEO Shayne Elliott has told shareholders cost-of-living pressures are starting to have a meaningful impact on household finances.

AAP

Zurich unit rejected claim in 'bad faith'

Zurich subsidiary OnePath failed to inform a consumer of her rights when rejecting an allegedly fraudulent insurance claim, ASIC has said.

The New Daily

All eyes on Christmas as Reserve Bank mulls even higher interest rates in 2023

RBA Governor Philip Lowe unveiled an eighth interest rates hike at the bank's final meeting of 2022 on Tuesday.

AAP

All eyes on last cash rate call for 2022

The Reserve Bank board will meet for its December cash rate decision next week and Australia's economic growth for the third quarter will be revealed.

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AAP

Inflation down but consumer pain lingers

Cost of living pressures eased slightly last month, although it's still too early to call the turning point for inflation.

Asharq Al-Awsat

Oil up amid Wrangling over Russian Oil Price Cap

Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures rose by 28 cents, or 0.33%, to trade at $85.62 a barrel at 0410 GMT. US West…

ABC News

Black Friday, Cyber Monday sales set to top $6b, as consumers shrug off soaring inflation

Australians are expected to add to last year's $6 billion spend in the Black Friday and Cyber Monday sales, even with inflation at a 30-year high.

ABC News

ANZ set to pull out of pariah state Myanmar after facing 'increasing operational complexity'

ANZ announces it will pull out of Myanmar, dealing a blow to the country's military junta and potentially ramping up pressure on other overseas banks to turn their backs on the regime.

ABC News

Black Friday in Australia is a spending frenzy. With the rising cost of living, will this year be different?

It's the final countdown to the consumer event of the year — Black Friday — a November sales spectacular imported from the US, and growing in popularity in Australia.

The New Daily

Major banks to pay $126 million after dodgy insurance sales to customers

Up to one million ANZ, Westpac and CBA customers will share in $126 million after being sold consumer credit insurance of little use.

AAP

Banks to pay $126m over dodgy insurance

A class action has been settled with three of Australia's big banks, with customers sold consumer protection insurance to share in $126 million.

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