Business

Big four banks slash lending to coal miners

The big four banks' lending to coal mining is dropping, as lenders run down carbon-intensive exposure.

Australia's big banks have slammed the brakes on project finance lending to expand the coal industry since late 2015, but are still lending billions for other fossil fuels developments, environmental finance group Market Forces says.

Banks as we know them could be gone in a decade

Customers are starting to realise there's a different way of doing their banking.

Banks could face a "Kodak moment" where they approach obsolescence in five to 15 years at the hands of new financial-technology companies, according to former Barclays Chief Executive Officer Antony Jenkins.

Bank shareholders throw a $14 billion party

Capital requirements are going up, but banks can get there without "big bang" capital raisings.

The banks and their shareholders exhaled a collective sigh of relief when the financial regulator pronounced that they were pretty damn close to being 'unquestionably strong'.

Banks brace for 'unquestionably strong' rules

The view in markets is capital requirements are going up, but banks can get there without "big bang" capital raisings.

A key source of uncertainty having over banks could be removed as soon as this week, with the prudential regulator tipped to soon provide long-awaited details of its plan to make lenders more resilient to shocks.

The easiest $50,000 you're missing out on

If you have a $500,000 mortgage, and you can get a 0.5 per cent reduction in your interest rate, that'll save you ...

There's something strange about our relationships with our banks. We'll change supermarkets, even phone companies, but when it comes to our financial affairs, we're more faithful than Red Dog.

Red metal is red hot

"The market is very heated," Xu Maili, an analyst at Everbright Futures, said from Shanghai. "There is an outbreak of ...

Copper surged, lifting shares of producers including Glencore, on bets that demand in China will fuel a global shortage.

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Small Business

Do you work from home when sick?

The problem is when staff who should be in bed blur their sick day with a work day, prolonging their illness.

It's another way for companies to squeeze out more productivity, or staff to demonstrate commitment and hang on to their job.

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