Articles on big four

Displaying all articles

The ACCC has blocked the big four banks from bargaining with Apple for more control over Apple Pay. Damir Sagolj/Reuters

ACCC rejects the banks colluding to bargain on Apple Pay

The banks could have used their collective bargaining power not only against Apple for Apple Pay but also stall the adoption of mobile payments in Australia.
ANZ has already struck a deal with Apple for its contactless payment system but now four other banks are arguing the company is making competition difficult. Monica Davey/EPA

Apple Pay dispute may mean less opportunity to pay with your mobile

The competition in Australia's contactless payment industry is heating up as Apple Pay sets up in Australia. However some banks claim the company is making the system less competitive.
NAB CEO Andrew Thorburn defended the culture of the bank he works for during the House of Representatives Standing Committee on Economics annual public hearing. Lukas Coch/AAP

Big four bank chiefs face parliamentary committee: experts react

As the chief executives of Australia's big four banks come before a House of Representatives economics committee, we ask a panel of experts what questions the banks should be answering.
After the Reserve Bank cut the cash rate by 25 basis points to 1.5%, the four big banks said they would pass on only part of the reduction. Paul Miller/AAP

Turnbull to banks: pass on whole interest rate cut

Malcolm Turnbull has sternly told the banks they should pass on the whole of Tuesday's rate cut - or their chief executives must explain why they are not doing so.
Enabling consumers to keep their bank account numbers when switching institutions will encourage greater competition. AAP Image/Dan Peled

How changing our bank account numbering system will be a win for customers

It’s a pain to change mobile providers, but at least keeping your number is easy. It’s much more of a pain to change banks and much of that pain is because we have to change bank account numbers. Why don’t…

Big accountancy firms have a human rights problem

Protest and dissent are the foundation stones of modern societies and have helped secure a measure of democracy and human rights. Against all the odds, ordinary people have struggled to secure universal…

Top contributors

More