Recent research from economists at the United States Federal Reserve suggests this problem is not unique to Australia. If true, this supports the argument that larger financial institutions should be broken up or face more regulatory scrutiny.
There’s a common link between the many things that have promoted insecurity at work: the growth of franchising; labour hire; contracting out; spin-off firms; outsourcing; global supply chains; the gig economy; and so on. It’s money.
The fake banknotes are “quite distinctive” from the authentic ones.
The rapid price rise garnered attention from an increasing number of academics and investment advisers. Some have suggested that Bitcoin improves portfolio performance and can even be used as a potential “safe haven” asset in place of gold.
Unlike in markets for other assets such as stocks or bonds, cryptocurrency makes it much harder to uncover price manipulation and fraud.
The penalty fee is still subject to court approval.
ANZ Group Treasurer Rick Moscati, the Deutsche Bank and Citigroup, plus a number of individuals, will also be charged.
Commonwealth Bank has admitted to losing historical financial statements of almost 20 million personal accounts in a 2016 incident and decided not to make it public
When cryptocurrencies boomed in recent years, companies have started to venture into crypto mining to get a larger share of the pie.
Philanthropy and social work have the main objective of making the world a better place, particularly for the disenfranchised sectors of the society.
These three companies took advantage of the opportunities to venture into the cryptocurrency and blockchain scene.
Cryptocurrency hedge funds had a banner year in 2017, and it looks like the industry will continue to grow in the next few months.
KODAKcoin may have kick-started a wave of new corporate coins and Global Blockchain Technologies (CSE: BLOC; OTC: BLKCF) hopes to benefit.
The new Australian $50 has been revealed. On Thursday, the Reserve Bank of Australia released the design of the new banknote.
Apple has effectively shut down Westpac’s mobile banking keyboard app. The Australian bank will remove its Westpac Keyboard function on iOS in July after the US-based tech giant pulled the plug on it.
The Fair Work Ombudsman has encouraged horticulture businesses to provide a written piecework agreement for backpackers that the business would employ.
Australia’s mining and metals sector enjoyed an impressive 2016 with the total number of deals increasing. According to a report from global accounting and consulting firm EY, an escalation of 31 percent was witnessed in the Australian mining M&A deal volume.
Commonwealth Bank of Australia (CBA) and Airtasker has teamed up to increase users' reputation as users handle their business.
Chinese futures in terms of iron ore prices sustained a downfall on Friday. This comes on the heels of Australia’s central bank’s expectation that prices of commodities will go down again.
The Aussie dollar soared against the US currency on Friday, climbing past 77 US cents. The Australian dollar reached 77.14 US cents.
National Australia Bank suffered a fall of 1 percent in its cash earnings, as reported in its first quarter unaudited cash profit. This comes on the heels of a decline in bad and doubtful debts associated with the commodities sector.
ANZ has revamped its issuance policy of replacement cards for customers who lost their debit or credit card.
Australia’s retail sales figures are out, and they are not even near to what was expected. The AUD saw a relative declined in value in early local trade on Tuesday.
As per a leading cannabis research publisher, ArcView Market Research, North America’s legal cannabis market has posted a 30 per cent increase in revenue on 2015. The revenue figure in 2016 was US$9.3 billion (AU$12 billion). Considering a compound annual growth rate of 25 percent, the marijuana market may post US$20.2 billion (AU$27.9 billion) sales by 2021.
National Australia Bank's Internet and phone banking system have crashed, flooding the bank with complaints from customers saying they could not access it.
Following the footsteps of Indian and Venezuela, Australia is also considering to ban $100 notes in a bid to crack down black money. Furthermore, ban on cash payments exceeding a certain limit is also under consideration.
NAB will increase the variable interest rates for home loans from Monday.
MasterCard could pay £19 billion (AU$33 billion) in damages for allegedly setting unlawfully high interchange fees for 16 years. A class action suit in the UK against the financial services giant could see millions of British consumers collecting more than £450 (AU$780) each.
The Turnbull government has announced a $75 billion infrastructure project to secure the future of Arrium Mining and Minerals, which entered into voluntary administration on Thursday.
ASIC says ANZ used its large market position to influence interest rates, which benefited the bank but disadvantaged its clients.
