Banks like to talk tough on scams, but the HSBC case shows victims can still be left waiting years for compensation after the damage is done.
Capital Gains
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Less than eight years after the royal commission, banks are eyeing a return to financial advice as regulators signal they may be ready to move on.
New CEO Nuno Matos got the market’s attention when he cut 3,500 jobs and laid out a series of ambitious targets for the bank. One year into the job and he says he can do more.
As investor lending contracts sharply, Australia’s biggest banks face tougher margins, weaker credit growth and a growing threat from non-bank lenders.
The retail bank’s Anthropic punt has given it a front-row seat in AI, and an investment record to make the Silver Donut envious.