The Reserve Bank’s Term Funding Facility was meant to support lending during COVID. Instead the funds might be ending up in the accounts of bank shareholders.
A handful of banks now dominate the US financial sector. This consolidation has resulted in higher costs for consumers and small businesses and put the economy at greater risk of a financial crisis.
Banks that do not have chatbots should explore the options of integrating them into their operations.
It isn’t just the effects of climate change that could destabilize the financial system, it’s also fossil fuel assets losing value. The good news is that central banks can fix it.
Banks should consider and integrate women empowerment principles into their corporate social responsibility initiatives.
Thousands of racialized women around the world run mutual aid co-ops to help each other and develop their communities.
Canada doesn’t have many public banks. The best known, the Canada Infrastructure Bank, seems intent on privatizing critical public services instead of working towards the public good.
There’s a growing push among businesses, including the finance sector, to protect the climate and nature.
Yes, the bank would effectively pay you to borrow money. But negative interest rates won’t please savers, nor will they meet the big challenges of economic recovery.
Threats over the bank’s decisions about lending to coal miners call into question the government’s commitment to free enterprise.
Powerful interests are shaping the debate over the transition to a low carbon economy.
Westpac and the ANZ have suspended dividends payments. The National Australia Bank has slashed them. The peculiarities of our tax system explain why retirees hate this more than they should.
APRA is allowing the big four banks to coordinate in a way that might otherwise be illegal.
Bank stocks have taken a hammering in recent weeks. It is all beginning to look very 2008.
In an era of data breaches and data privacy concerns, governments should enshrine in law a requirement for companies and banks to send paper bills and statements in order to protect consumers.
Banking deserts make it harder for children and young adults to become financially literate, which leads to worse credit and a lifetime of disadvantage.
Laws on boycotts already exist, but their aim was never to target consumer groups.
The ACCC has inquired into mortgage rates before. This time will want detail.
Evidence for the prime minister’s contention that the banks are “profiteering” is thin on the ground.
Research suggests there are hidden costs to abandoning personalized banking relationships in favour of online banking.