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The banks’ fight over $285b in ‘free money’ has a lesson for savers

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.

  • by Clancy Yeates

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CBA shares rocket as profit beats expectations

CBA shares rocket as profit beats expectations

Investors in Australia’s biggest bank are cheering after the release of its half-year results.

  • by Clancy Yeates
After growing to $4.5 trillion, super faces its next big challenge: scammers
Analysis
Scams

After growing to $4.5 trillion, super faces its next big challenge: scammers

As the $4.5 trillion super pool gets bigger the risks from scammers grows and super funds face increased pressure to lift their game in protecting members.

  • by Clancy Yeates
Trump sold ‘spy sheikh’ a $US500 million stake in family empire

Trump sold ‘spy sheikh’ a $US500 million stake in family empire

The secret deal with one of the most powerful individual investors in the world will raise fresh questions about the Trump family’s business dealings through World Liberty Financial.

  • by James Titcomb
This Australian start-up moves $1bn daily. Authorities fear it is being used by child predators
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Fintech

This Australian start-up moves $1bn daily. Authorities fear it is being used by child predators

Airwallex is a major bet for the nation’s biggest technology investors, but its path to the public markets has been beset by controversy.

  • by John Buckley and Nick Bonyhady
‘Blacklist’: Trump sues America’s biggest bank and its billionaire CEO

‘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.

  • by David Voreacos and Hannah Leavitt
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‘Suspect serious non-compliance’: Airwallex hit with money laundering audit
Updated
Fintech

‘Suspect serious non-compliance’: Airwallex hit with money laundering audit

The $12 billion Australian start-up is facing a probe from Australia’s anti-money laundering and terrorism financing watchdog.

  • by John Buckley
Trump’s devious deal hits China’s wallet – and its influence
Opinion
Oil

Trump’s devious deal hits China’s wallet – and its influence

The US has taken control of the oil dollars coming out of Venezuela and it’s keeping them away from the rest of the world with a cunning strategy.

  • by Stephen Bartholomeusz
Trump’s crackdown won’t solve credit cards’ many problems

Trump’s crackdown won’t solve credit cards’ many problems

Credit card interest rates are often painfully high, but there are better ways to protect consumers than the 10 per cent rate cap flagged by Donald Trump.

  • by Clancy Yeates