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With rates rising, should we use savings to reduce our mortgage?
To get out of harm’s way of the RBA, it might seem a good plan to discharge a loan early – but when you have savings, there’s a better approach.
- Nicole Pedersen-McKinnon
Latest
- Opinion
- Private credit
Private credit’s ‘naked swimmers’ are surfacing
The private credit sector is experiencing a rush of redemptions that has led to comparisons with the sub-prime mortgage crisis in 2008. Can it sink the financial system?
- Stephen Bartholomeusz
- Opinion
- Macquarie Group
The banks’ fight over $285b in ‘free money’ has a lesson for savers
There’s a growing fight between banks to hoover up people’s savings, including a large pile of money that’s earning no interest at all.
- Clancy Yeates
‘Nip it in the bud’: Watchdog floats banning ‘harmful’ financial advertising
The corporate regulator’s chair says there could be a case for banning some advertising of risky financial products.
- Clancy Yeates
- Updated
- Banking & finance
‘Blacklist’: Trump sues America’s biggest bank and its billionaire CEO
JPMorgan Chase and its chief, Jamie Dimon, are being sued for at least $US5 billion over allegations the lender stopped offering the president banking services for political reasons.
- David Voreacos and Hannah Leavitt
- Updated
- Perth
‘Calling it quits’: Union rages at CBA’s latest Bankwest decision
Commonwealth Bank has been accused of essentially giving up on its West Australian subsidiary.
- Cameron Myles
- Exclusive
- Banking & finance
Fake documents, ghost trucks: Westpac’s secret fraud probe revealed
Westpac has conducted an internal investigation into fraud in its business banking division that staff say has been driven by a toxic, sales-focused culture.
- Charlotte Grieve
- Opinion
- Pension
How gifting your grandkids money could actually increase your pension
If you’re gifting from a financial asset – like money in the bank or shares – giving it away won’t hurt your pension. In fact, it could help.
- Rachel Lane
- Opinion
- Private banking
‘Cockroach’ warning by America’s top banker sparks fears about the financial system
A recent spate of corporate failures has raised concerns of a financial bubble created by non-bank lenders.
- Stephen Bartholomeusz
- Opinion
- Home loans
Why the big banks have copycat plans to sell you a mortgage
Despite the recent job-shedding in the sector, one area appears to be avoiding the axe: bankers who can help their employers write more home loans.
- Clancy Yeates