Finance

Bank profits have surged. What it means for you

Home loans are being approved much faster but rates on longer-term fixed-rate mortgages are on the up as banks prepare for a cost hike. That’s what we learned this week as Australia’s bankers opened their…


Moody’s warns Australia of slow jab risk

A global credit rating agency has warned Australia’s economic recovery will be hampered if its COVID-19 vaccination rollout remains slow. Moody’s Investors Service is also concerned that trade tensions with China would be a major…





Westpac accused of insider trading in $12bn energy deal

The financial watchdog has started court action against Westpac, accusing it of insider trading in the multibillion-dollar sale of energy company Ausgrid. The Australian Securities and Investments Commission accuses the big four bank of breaching…